Man Industries Resolves Long-Standing Dispute with SEBI, Announces Strong Business Outlook with $24.7 Billion Order Book

Man Industries has resolved a long-pending matter with SEBI involving non-consolidation of its subsidiary, Merino Shelters Pvt. Ltd, and minor compliance lapses from FY2015-FY2021. The implications of the current SEBI order are not material to the company's operations and financial health. The company has an order book of ₹24,700 crores with improved margins and has sold an MSPL asset for a partial inflow of ₹70 crores. No compliance lapses have been recorded in the last 4 years, and all new capital expenditure projects are moving forward as planned. The company reserves the right to pursue legal remedies and remains committed to delivering sustainable growth and value for shareholders.