Please find enclosed Postal Ballot Notice dated May 13, 2026 along with E-voting Instructions.
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Man Infraconstruction Limited has issued a postal ballot notice seeking shareholder approval for material related party transactions with 11 entities. The transactions involve subsidiaries including MICL Developers LLP (Rs. 570 Cr), Man Vastucon LLP (Rs. 105 Cr), MICL Creators LLP (Rs. 170 Cr), and Man Aaradhya Infraconstruction LLP (Rs. 1,145 Cr - the largest). Associates and JVs include Man Chandak Realty LLP (Rs. 100 Cr), Royal Netra Constructions (Rs. 270 Cr), Arhan Homes LLP (Rs. 270 Cr), Atmosphere Homes LLP (Rs. 220 Cr), and Trident Agro Terminals (Rs. 265 Cr). Additional transactions with Shreepati Zaoba Housing LLP (Rs. 820 Cr) and Shreepati Skies (Rs. 145 Cr) are also proposed. All transactions are stated to be at arm's length and in ordinary course of business, valid for one year from passing of resolution. Remote e-voting runs from May 24, 2026 to June 22, 2026.
Shareholders should carefully review these related party transactions totaling over Rs. 3,000 Crores, particularly the large exposure to Man Aaradhya Infraconstruction LLP (Rs. 1,145 Cr). The concentration of transactions with group entities warrants close monitoring for potential conflicts of interest and arm's length compliance.