Man Infraconstruction Limited has confirmed that there has been no deviation or variation in the utilization of funds raised from its preferential issue of convertible warrants. This statement pertains to the quarter ended June 30, 2026, aligning with SEBI regulations. The company has provided a detailed breakdown of fund utilization across various project objects, showing consistent adherence to the initially stated objectives.
Confirmation of Fund Utilization
Man Infraconstruction Limited hereby confirms that for the quarter ended June 30, 2026, there has been no deviation or variation in the utilization of funds raised through the preferential issue of equity shares and warrants. This statement is made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company’s confirmation assures that the proceeds from the preferential issue, which included convertible warrants, have been utilized in line with the objects stated in the Explanatory Statement provided during the Extraordinary General Meeting held on December 23, 2023. The Audit Committee has reviewed and approved this statement confirming no deviations.
Fund Utilization Details (Q2 2026)
The company has provided a table detailing the utilization of funds. For the object of Expanding EPC and real estate business by acquiring new projects, the original allocation was ₹258.00 crore, with ₹214.242 crore utilized during the quarter. No deviation was reported for this object.
In the case of Purchase of fixed assets including plant and machinery, the original allocation was ₹30.000 crore, with ₹3.407 crore utilized. This also reported No Deviation.
For Deployment towards working capital requirements of existing and new projects, the allocation was ₹125.000 crore, with the same amount utilized. This category also showed No Deviation.
Regarding General Corporate Purposes, the allocation was ₹130.215 crore, and ₹66.282 crore was utilized. This category also reported No Deviation.
It is noted that the cost of objects has been revised as per the Board Resolution dated November 12, 2025. The company has affirmed that there have been no deviations in terms of objects, amounts utilized, or changes in contracts as per the fund-raising document.
Source: BSE
