Man Infraconstruction Limited has announced its plan to buy back its own equity shares from the open market. The Board of Directors approved the buyback of shares valued at up to ₹1,692.9 crore, with individual shares not exceeding ₹171. This initiative, effective from September 9, 2026, aims to enhance shareholder value by reducing the number of outstanding shares, with an indicative buyback of 99 lakh shares.
Man Infraconstruction Launches Share Buyback Program
Man Infraconstruction Limited has officially commenced a significant share buyback program through the stock exchanges. This strategic move, approved by the company’s Board of Directors on September 1, 2026, allows the company to purchase its fully paid-up equity shares from its shareholders. The program is designed to return value to shareholders and optimize the company’s capital structure.
Key Details of the Buyback
The buyback will be executed through the open market mechanism on the BSE and NSE, commencing on or before September 9, 2026. The aggregate amount for the buyback is capped at ₹1,692,90,00,000 (Indian Rupees One Thousand Six Hundred Ninety Two Crores Ninety Lakhs). The maximum price per equity share will not exceed ₹171 (Indian Rupees One Hundred and Seventy One). The company has indicated that it plans to buy back approximately 99,00,000 (Ninety Nine Lakhs) equity shares, representing about 2.45% of its existing paid-up capital.
Buyback Mechanism and Timeline
The buyback process will adhere to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. Shareholders wishing to participate must sell their shares through their stockbrokers on the designated trading days. The buyback period is set to conclude by December 16, 2026, or earlier, upon the completion of the total buyback size or the deployment of the maximum buyback amount. Equity shares purchased will be extinguished in dematerialised form.
Shareholders are advised to consult their tax advisors regarding any applicable taxes related to the buyback. Further details are available in the public announcement dated September 2, 2026, accessible on the company’s website and SEBI’s portal.
Source: BSE
