Man Infraconstruction Limited has informed the Exchange regarding Proceedings of 23rd Annual General Meeting held on August 13, 2025
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Man Infraconstruction Limited held its 23rd Annual General Meeting on August 13, 2025, via video conferencing, chaired by Mr. Berjis Desai. The meeting lasted 20 minutes, from 3:30 PM to 3:50 PM. The Chairman highlighted the company's financial performance for FY2024-25, the construction and real estate sector outlook, and growth prospects. Auditors' Reports had no qualifications or adverse comments. Six ordinary resolutions were tabled, including adoption of audited financial statements, confirmation of two interim dividends of Rs. 0.45 each (totalling Rs. 0.90 per share of face value Rs. 2) as final dividend, re-appointment of two retiring directors (Mr. Parag K. Shah and Mr. Manan P. Shah), ratification of cost auditors' remuneration, and appointment of a new secretarial auditor for 5 years. Shareholders were allowed remote e-voting from August 10-12, 2025, with results to be filed within two working days.
This is a routine AGM proceedings update with standard business items. The confirmation of Rs. 0.90 per share total dividend is positive for income-seeking investors. Director re-appointments and auditor appointments are governance-related and unlikely to move the stock; investors should watch the forthcoming voting results for any significant dissent on resolutions.