Monitoring Agency Report for the Quarter ended on June 30, 2025 in relation to Preferential Issue of Warrants.
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Man Infraconstruction has submitted the ICRA monitoring agency report for the quarter ended June 30, 2025, covering the utilisation of proceeds from its preferential issue of convertible warrants. The total issue size is ₹543.215 crore (3,50,46,100 warrants at ₹155 each), of which net proceeds of ₹294.728 crore were received and monitored during Q1FY2026. As of June 30, 2025, ₹138.327 crore has been utilised — ₹37.66 crore for expanding EPC and real estate business, ₹91.66 crore for working capital, and ₹9.007 crore for general corporate purposes (issue expenses). The balance of around ₹156.49 crore is parked in fixed deposits with Bank of Baroda and Union Bank, earning 5.5%–7.15% interest. ICRA has confirmed no deviation from the stated objects of the issue.
This is a routine compliance filing with a clean report — no deviations or red flags. For shareholders, it signals disciplined deployment of the warrant-issue proceeds in line with the stated plan, with most of the money still to be deployed over the coming quarters.