Key Quantitative Figures

  • Total proposed RPT value: ₹800 Crores across four resolutions
  • Man Vastucon LLP: ₹150 Crores for guarantees/securities
  • Shreepati Skies (R R Chaturvedi): ₹350 Crores (₹200Cr loans + ₹150Cr guarantees)
  • Man Aaradhya Infraconstruction LLP: ₹150 Crores for capital contribution/loans
  • MICL Shreepati August LLP: ₹150 Crores for capital contribution/loans
  • Company's FY25-26 consolidated turnover: ₹630.46 Crores

Parties Involved

  • Listed Entity: Man Infraconstruction Limited
  • Related Parties:
  • Man Vastucon LLP (subsidiary, 99.98% owned)
  • Shreepati Skies (R R Chaturvedi) (related party)
  • Man Aaradhya Infraconstruction LLP (subsidiary, 50.50% owned)
  • MICL Shreepati August LLP (subsidiary, 50.50% owned)
  • Service Providers: NSDL (e-voting platform), MUFG Intime India Private Limited (RTA)
  • Scrutinizer: Mr. Himanshu S. Kamdar of M/s. Rathi & Associates

Detailed Resolution-wise Breakdown

Resolution 1: Material RPT with Man Vastucon LLP

  • Nature: Provision of guarantees/securities for financial facilities
  • Amount: ₹150 Crores
  • Purpose: For 'Aaradhya ParkWood' project at Mira Road
  • Previous FY transactions: ₹5.03 Crores (FY25-26)
  • Current FY transactions: ₹5.14 Crores (Apr-Sep 2026)
  • Relationship: Subsidiary (99.98% ownership)
  • Financials of related party (FY25-26): Turnover ₹112.73Cr, PAT ₹10.24Cr, Net Worth ₹10.29Cr

Resolution 2: Material RPT with Shreepati Skies (R R Chaturvedi)

  • Nature: Loans (repayable on demand) and guarantees/securities
  • Amount: ₹350 Crores (₹200Cr loans + ₹150Cr guarantees)
  • Purpose: For 'Aaradhya Avaan' project at Tardeo, South Mumbai
  • Previous FY transactions: ₹151.61 Crores (FY25-26)
  • Current FY transactions: ₹40.75 Crores (Apr-Sep 2026)
  • Relationship: Related party (Man Vastucon has joint development rights in their project)
  • Financials of related party (FY25-26): Turnover NIL, PAT (₹0.19Cr), Net Worth ₹237.46Cr
  • Interest rates: Proposed 12-15% per annum for loans

Resolution 3: Material RPT with Man Aaradhya Infraconstruction LLP

  • Nature: Capital contribution and loans
  • Amount: ₹150 Crores
  • Purpose: Cluster redevelopment project at Tardeo South Mumbai
  • Previous FY transactions: ₹60.82 Crores (FY25-26)
  • Current FY transactions: ₹22.70 Crores (Apr-Sep 2026)
  • Relationship: Subsidiary (50.50% ownership)
  • Financials of related party (FY25-26): Turnover NIL, PAT (₹0.05Cr), Net Worth ₹71.72Cr
  • Interest rates: Proposed 9-12% per annum for loans

Resolution 4: Material RPT with MICL Shreepati August LLP

  • Nature: Capital contribution and loans
  • Amount: ₹150 Crores
  • Purpose: Land acquisition and project development in Mumbai
  • Previous FY transactions: ₹0.18 Crores (FY25-26)
  • Current FY transactions: ₹8.24 Crores (Apr-Sep 2026)
  • Relationship: Subsidiary (50.50% ownership)
  • Financials of related party (FY25-26): Turnover NIL, PAT ₹0.00Cr, Net Worth ₹0.18Cr
  • Interest rates: Proposed 10-12% per annum for loans

Voting Details

  • Voting method: Remote e-voting only through NSDL platform
  • Eligibility: Shareholders as on October 30, 2026 cut-off date
  • Result declaration: Within 2 days of e-voting conclusion
  • Scrutinizer report: To be submitted by December 09, 2026

Financial Impact

  • All transactions proposed to be at arm's length and in ordinary course of business
  • No defaults reported by any related parties in previous financial year
  • Currently no provisions required in books of accounts for guarantees
  • Funding source: Internal accruals/ICDs/external borrowings

Governance Approvals

  • Audit Committee approval obtained on October 29, 2026
  • Board of Directors approval obtained on October 29, 2026
  • Independent directors have approved all transactions
  • Managing Director and CFO certification obtained as per RPT Industry Standards

Additional Information

  • This approval is in addition to previous shareholder approval obtained on June 22, 2026
  • Related parties are barred from voting on respective resolutions
  • All transactions subject to arm's length terms and ordinary course of business
  • Approval validity: 1 year from date of shareholder approval