Man Infraconstruction Limited has officially extinguished 34,92,000 equity shares, each with a face value of ₹2. These shares were bought back through the open market route during October 2026. This action follows the company’s buyback program announced in September 2026 and is in compliance with SEBI regulations. The extinguishment reduces the total number of outstanding equity shares.
Share Capital Reduction Following Buyback
Man Infraconstruction Limited announced the extinguishment of 34,92,000 fully paid-up Equity Shares. Each share had a face value of ₹2 (Rupees Two only). This corporate action is a direct consequence of the company’s ongoing share buyback program conducted via the open market route through stock exchanges.
Buyback Period and Compliance
The shares that have been extinguished were bought back during the period from October 1, 2026, to October 31, 2026. The company confirmed that this process was carried out in strict adherence to the SEBI Buyback Regulations and other relevant securities laws. The detailed reconciliation of the company’s equity share capital before and after the extinguishment is provided.
Financial Impact and Share Capital Details
Prior to the buyback and extinguishment, the company had 40,36,66,505 equity shares in issue, representing an equity share capital of ₹80,73,33,010. After accounting for shares extinguished till date, including the current batch of 34,92,000 shares, the issued and paid-up share capital now stands at 39,32,49,505 equity shares, with a total value of ₹78,64,99,010.
Supporting Documentation
The announcement is supported by several key documents, including a certificate from the company, Registrar, and Secretarial Auditors detailing compliance with buyback regulations, as well as a debit confirmation letter from the National Securities Depository Limited (NSDL) for the extinguishment of shares.
Source: BSE
