Man Infraconstruction Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. The report, prepared by ICRA Limited, details the utilization of proceeds from the company’s preferential issue of convertible warrants. Key findings indicate that funds have been utilized in line with the revised objectives, with no major deviations observed in the deployment of proceeds. The report confirms that the company is adhering to the approved financial plans for its projects.
Monitoring Agency Report Submitted
Man Infraconstruction Limited has officially filed its Monitoring Agency Report for the quarter that concluded on September 30, 2026. This report, prepared by ICRA Limited, provides an overview of how the proceeds from the company’s preferential issue of convertible warrants have been utilized. The filing is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Fund Utilization Details
The report indicates that the utilization of funds is generally in line with the objects of the issue, with some adjustments approved by the Board. As of September 30, 2026, the total proceeds credited to the preferential issue account stood at INR 512.641 Crore due to undersubscription of warrants. ICRA will continue to monitor this amount for Q2 FY2027. The funds have been allocated across various objectives including expanding the EPC and real estate business, purchase of fixed assets, deployment towards working capital, and general corporate purposes.
Key Financial Highlights
The total issue size was initially set at INR 543.215 crore. For the quarter ending September 30, 2026, the total utilized amount across all objectives was INR 463.439 Crore, leaving an unutilized amount of INR 49.202 Crore. A significant portion of the unutilized proceeds, amounting to INR 49.202 Crore, has been invested in mutual funds and placed in current accounts, yielding a return on investment of approximately 4.97% in certain instruments. The company has confirmed that most projects are on schedule, with no significant delays reported.
Source: BSE
