Please find enclosed Monitoring Agency Report for the quarter ended March 31, 2026.
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Man Infraconstruction received INR 512.64 crore from a preferential warrant issue (undersubscribed from the planned INR 543.22 crore). ICRA Limited, the monitoring agency, confirmed no material deviations in fund utilization from the approved objects. As of March 31, 2026, the company deployed INR 355.51 crore (69% of proceeds), with INR 157.13 crore remaining parked in fixed deposits with Bank of Baroda and Union Bank. Working capital deployment is fully completed at INR 125 crore, while business expansion has utilized INR 214.24 crore of the INR 258 crore allocation. General corporate purpose spending is minimal at INR 16.27 crore. All projects remain on schedule for FY2027 completion.
The report is largely positive as ICRA confirms compliant utilization of warrant proceeds with no deviations. The 31% unutilized cash is safely deployed in bank FDs earning 5.99-7.15% returns. Shareholders can note that working capital needs are fully met and business expansion is progressing as planned.