Man Infraconstruction Limited has announced its Board of Directors’ approval for a significant equity share buyback. The company plans to repurchase fully paid-up equity shares at a maximum price of ₹171 per share, for an aggregate amount not exceeding ₹169,29,00,000. This buyback, targeting up to 99,00,000 equity shares (representing 2.45% of the paid-up capital), will be conducted via the Open Market route.
Board Approves Major Share Buyback Program
Man Infraconstruction Limited’s Board of Directors has officially approved an equity share buyback program. The company intends to purchase its fully paid-up equity shares, each with a face value of ₹2, at a maximum price of ₹171 per equity share. This initiative is part of the company’s capital allocation strategy and aims to return value to shareholders.
Financial Scale of Buyback
The aggregate amount allocated for this buyback is set at a maximum of ₹169,29,00,000 (Rupees One Hundred and Sixty Nine Crores Twenty Nine Lakhs only). Based on the maximum buyback price and size, the company anticipates buying back approximately 99,00,000 equity shares. This number represents 2.45% of the total paid-up equity share capital of the Company as of September 01, 2026, and is well within the 25% threshold allowed for buybacks.
Buyback Mechanism and Terms
The buyback will be executed through the Open Market route via the Stock Exchange mechanism, adhering to the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, and the Companies Act, 2013. Importantly, the specified maximum buyback size excludes various transaction costs such as SEBI filing fees, exchange fees, brokerage, applicable taxes, and other incidental expenses.
Commitment and Future Steps
The company has also established a dedicated Buyback Committee to oversee all aspects of this program. Further details regarding the process, timelines, and statutory requirements for the buyback will be released in due course. The Board meeting where this approval was granted commenced at 11.00 A.M. and concluded at 12.20 P.M. on September 01, 2026.
Source: BSE
