Man Infraconstruction Limited has increased its partnership interest in its associate company, MICL Properties LLP, to 50%. This acquisition, effective August 17, 2026, involved an additional capital contribution of Rs. 16,000, bringing the total fixed capital contribution to Rs. 1 Lakh. The company emphasizes that this transaction does not fall under related party transactions, and the promoter group has no direct interest except for the Managing Director’s representation.
Man Infraconstruction Expands Ownership in Associate
Man Infraconstruction Limited announced an increase in its partnership interest in MICL Properties LLP, an associate company engaged in real estate business. As of August 17, 2026, the Company now holds a 50% partnership interest in the LLP. This strategic move enhances Man Infraconstruction’s stake in its real estate venture.
Transaction Details
The acquisition involved an additional investment, with the cost amounting to Rs. 16,000, which represents an additional 16% partnership interest. This brings the total fixed capital contribution to Rs. 1 Lakh. The target entity, MICL Properties LLP, had a capital contribution of Rs. 1,00,000/- and reported Nil turnover for FY 2025-26, FY 2024-25, and FY 2023-24. The company also noted that the transaction does not fall within the purview of related party transactions as per SEBI Listing Regulations.
Entity Background
MICL Properties LLP was incorporated on July 05, 2021, in Maharashtra, India, with the primary business of undertaking real estate activities. The Promoter and Promoter Group have no interest in the above entity, with Mr. Manan P. Shah, Managing Director of Man Infraconstruction Limited, representing the Company as Designated Partner in the LLP.
Source: BSE
