Man Infraconstruction Limited announced the approval of its Un-Audited Financial Results for the quarter ended June 30, 2026. The Board also approved the appointment of Mr. Vatsal P. Shah as an Additional Director (Non-Executive Non-Independent) and Mr. Sivaramakrishnan S. Iyer as an Additional Director (Non-Executive Independent). Additionally, Mr. Parag K. Shah has been re-designated and appointed as Chairman of the Company.
Board Meeting Outcomes
Man Infraconstruction Limited held a Board of Directors meeting on August 12, 2026, where several key decisions were made. The Board approved the Un-Audited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2026. Accompanying these results are the Limited Review Reports issued by the company’s statutory auditors.
Key Appointments Approved
Following recommendations from the Nomination and Remuneration Committee, the Board approved the appointment of two new directors. Mr. Vatsal P. Shah (DIN: 08125055) has been appointed as an Additional Director in the category of Non-Executive Non-Independent Director, effective from August 12, 2026. This appointment is subject to shareholder approval via postal ballot.
Furthermore, Mr. Sivaramakrishnan S. Iyer (DIN: 00503487) was appointed as an Additional Director in the category of Non-Executive Independent Director, also effective from August 12, 2026. His term is for five consecutive years, not liable to retire by rotation, and is also subject to shareholder approval.
Leadership Reshuffle
In a significant leadership change, Mr. Parag K. Shah, currently a Non-Executive Director, has been re-designated and appointed as the Chairman of the Company, effective from August 12, 2026. The meeting commenced at 12:30 PM and concluded at 1:45 PM.
Director Profiles and Disclosures
Detailed disclosures regarding the appointments, including brief profiles and any relationships between directors, are provided in Annexure I. Mr. Vatsal P. Shah brings international academic and professional experience, with a focus on business strategy and analytics, and has served as a Director of a wholly owned subsidiary. Mr. Sivaramakrishnan S. Iyer is a Chartered Accountant with expertise in corporate finance, debt/equity raising, and mergers/acquisitions, and is actively engaged with private investors.
Disclosures confirm that Mr. Vatsal P. Shah is the son of Mr. Parag K. Shah and brother of Mr. Manan P. Shah. Both Mr. Vatsal P. Shah and Mr. Sivaramakrishnan S. Iyer are not debarred from holding directorships. Mr. Sivaramakrishnan S. Iyer is not related to any other Director of the Company.
Source: BSE
