Man Infraconstruction Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

MANINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹127.00

prior close

₹125.00

base price

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AI summary

Man Infraconstruction Limited has filed its quarterly statement confirming no material deviation in the use of proceeds from the Rs. 512.64 crore preferential issue of convertible warrants raised in January 2024. The funds were allocated across three main objects: expanding EPC and real estate business (original Rs. 258 crore, utilized Rs. 214.24 crore), purchase of fixed assets (original Rs. 30 crore, reallocated to Rs. 5 crore per November 2025 board resolution), and working capital (original Rs. 125 crore, utilized Rs. 16.27 crore with Rs. 124.64 crore revised allocation). The Audit Committee reviewed and approved this statement on May 13, 2026. Monitoring is being done by ICRA Limited.

Likely market impact

The confirmation of no deviation is a positive signal for shareholders, indicating the company is utilizing funds as per the disclosed objects. Minor reallocations between categories per board resolution do not indicate any misuse of capital.