Nature of Event

Man Infraconstruction Limited has made an equity investment in a newly incorporated special purpose vehicle, disclosed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

The Company subscribed to 13,00,000 equity shares of Yogayatan Paradip SQB Terminal Private Limited, representing 26% of the total issued and paid-up share capital. The acquisition was made at ₹10 per share, with total consideration amounting to ₹1,30,00,000 (₹1.30 crore), paid in cash.

Target Entity Information

Yogayatan Paradip SQB Terminal Private Limited was incorporated on July 07, 2026. The company has an authorized capital of ₹5,00,00,000 (₹5 crore) and paid-up capital of ₹5,00,00,000 (₹5 crore). As a newly formed entity, it has nil turnover. The company operates in the port infrastructure sector.

Business Purpose and Operations

The primary business objective of Yogayatan Paradip is to design, engineer, finance, procure, construct, develop, commission, own, operate, manage, maintain, repair, transfer and otherwise deal with a multipurpose berth terminal (SQB Terminal) at Paradip Port, Odisha, on a Build-Operate-Transfer (BOT) basis. The terminal will handle dry bulk, break-bulk and other permitted cargo including berth, backup storage area, equipment and allied infrastructure.

Transaction Characteristics

The acquisition does not qualify as a related party transaction. No promoters/promoter group/companies have any interest in the acquired entity. The transaction was conducted at arm's length. No governmental or regulatory approvals are required for this acquisition, and there is no indicative time period specified for completion of the acquisition.

Financial and Capital Impact

The investment represents a strategic expansion into port infrastructure development. The cash outflow of ₹1.30 crore provides Man Infraconstruction with a 26% ownership stake in the project SPV. The investment aligns with the company's infrastructure development capabilities while diversifying into port operations.