Company Overview

Man Infraconstruction Limited (BSE: 533169, NSE: MANINFRA) has disclosed comprehensive financial results and corporate updates for FY 2025-26 through multiple regulatory filings.

Financial Performance

Consolidated Results:

  • Revenue from Operations: ₹630.46 crores (down 43.10% from ₹1,108.07 crores in FY25)
  • Profit After Tax: ₹200.58 crores (down 29.05% from ₹282.72 crores in FY25)
  • Profit Margin: 25.3%
  • EPS: ₹5.07 (down from ₹7.59 in FY25)
  • Net Worth: ₹2,266.43 crores

Standalone Results:

  • Revenue from Operations: ₹28,555.19 lakhs
  • Net Profit: ₹15,483.07 lakhs
  • Basic EPS: ₹3.91

Dividend Declaration

The Board declared and paid two interim dividends totaling ₹0.90 per equity share (45% on face value of ₹2), consistent with the previous year's dividend payout.

Capital Structure & Corporate Actions

  • Converted 3,24,16,100 warrants into equity shares during FY26, raising ₹32,988.19 lakhs
  • Cancelled 26,30,000 warrants with forfeiture of upfront amount
  • Paid-up Capital: ₹80.73 crores (40,36,66,505 equity shares)
  • Net Preferential Issue Proceeds: ₹512.64 crores
  • Promoter holding decreased to 62.46% from 66.65% in FY25

Operational Highlights

  • Real Estate Portfolio: ₹18,625+ crores GDV across 12 projects (5.3 million sq. ft. carpet area)
  • Sales: ₹1,800 crores in FY26
  • Collections: ₹990 crores in FY26
  • EPC Order Book: ₹392 crores as of March 31, 2026
  • Cash Position: ₹686 crores with net debt-free status
  • New Acquisitions: Added projects in Tardeo (₹2,000 crores GDV) and Bandra

Corporate Governance & AGM Details

24th Annual General Meeting:

  • Date: August 12, 2026 at 11:00 AM IST via Video Conferencing
  • Remote e-voting Period: August 9-11, 2026 through NSDL

Board Matters:

  • Re-appointment of Mr. Ashok M. Mehta as Whole-time Director & CFO
  • Appointment of Mr. Rajiv N. Sheth as Non-Executive Independent Director
  • Retirement of Mr. Berjis Desai who did not seek re-appointment
  • Ratification of remuneration for Cost Auditors (M/s. Shekhar Joshi & Co.)

Subsidiary Structure

The Group maintains complex ownership across 12 subsidiaries, 7 associates, and 1 joint venture. Key entities include MICL Realtors Private Limited (100%), MICL Global INC. (100%), Man Vastucon LLP (99.98%), and MICL PMC Services LLP (98%). The parent company contributes 92.91% to consolidated net assets.

Regulatory Compliance & Disclosures

  • No material orders passed by regulators/courts impacting going concern status
  • No fraud reported by auditors under Section 143(12) of Companies Act, 2013
  • Confirmed no funds advanced to intermediaries for lending to ultimate beneficiaries
  • No Benami property held or proceedings initiated
  • No trading or investment in crypto currency
  • Accounting software with audit trail feature operated without tampering
  • Complied with number of layers prescribed under Companies Act

Credit Rating & CSR

  • CARE Ratings reaffirmed Long Term Bank Facilities: CARE A+; Stable
  • CSR Obligation: ₹7.13 crores with ₹6.20 crores spent, focusing on education, environment sustainability, and healthcare

Auditor Appointments

  • Statutory Auditors: M/s. G.M. Kapadia & Co. (till 2027 AGM)
  • Secretarial Auditors: M/s. Rathi & Associates (till FY 2029-30)
  • Cost Auditors: M/s. Shekhar Joshi & Co. for FY 2026-27
  • Internal Auditors: M/s. Aneja Associates

The company maintains adequate internal financial controls systems with all related party transactions conducted on arm's length basis.