Business Update13 May 2026, 05:11 pm
Man Infraconstruction: Monitoring Agency Report for Mar 2026
AI Summary
Man Infraconstruction Ltd has released the Monitoring Agency Report by ICRA Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report pertains to the utilization of proceeds from a preferential issue of convertible warrants. ICRA reports no deviation from the changed objects approved by board resolution. Net proceeds received stood at ₹512.641 Crore as on December 31, 2025, due to undersubscription of warrants, which ICRA monitored for Q4FY26.
Key Highlights
- Monitoring Agency Report by ICRA for quarter ended March 31, 2026, released.
- Report relates to utilization of proceeds from preferential issue of warrants.
- No deviation from objects of the issue as per ICRA's monitoring.
- Net proceeds of ₹512.641 Crore monitored for Q4FY26 due to undersubscription.
- Report reviewed by the Board of Directors & Audit Committee.
Price Impact
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