Man Infraconstruction Expands EPC & Real Estate Portfolio Via This Acquisition Move of Rs 23.75 Lakh

For a cash payment of Rs 23.75 lakh, Man Infraconstruction Limited (MIL) has announced the acquisition of an additional 23% partnership stake in its subsidiary, Starcrete LLP, bringing its total shareholding to 98%. When Starcrete LLP was first established in April 2018, its primary business was the production, manufacturing, processing, and distribution of construction material products, such as aggregates, cement-based products, and ready-mix concrete. However, the LLP has now moved its main business focus to EPC (Engineering, Procurement & Construction) and real estate operations in accordance with a consensual agreement amongst the partners.

Starcrete's FY25 turnover of Rs 1,161.13 lakh is a sharp drop from FY24's Rs 6,709.75 crore and FY23's Rs 19,614.66 lakh. Since Starcrete is a subsidiary of MIL and its managing director, Mr. Manan Shah, represents the company as a chosen partner in the LLP, the transaction is eligible to be classified as a related-party transaction.

The additional stake in Starcrete LLP acquired by Man Infraconstruction would help the company further strengthen its position in the company's EPC and real estate sectors. Its position in the market, with a market capitalization of more than Rs 6,190 crore and the execution skills, financial stability make the company a strong contender in the EPC and real estate.

With effect from August 26, 2025, Man Infraconstruction Limited (MICL) has announced that its fully owned subsidiary, MICL Global Inc., has purchased a 50% membership stake in Admire 1250 LLC. A subsidiary of MICL Global, Admire 1250 LLC was established in Delaware, USA, and is involved in real estate development as well as other lawful activities. A cash payment and an initial capital investment of USD 5 million were used to complete the transaction.

Admire 1250 LLC, an associate of MICL Global Inc., a wholly owned subsidiary of Man Infraconstruction Limited (MICL), acquired a 15.385% ownership stake in 1250 JV LP, the company revealed last week. Founded in May 2024 in Delaware, USA, the joint venture company focuses on developing real estate and other legal endeavours. Admire 1250 LLC made an initial capital investment of USD 10 million for the acquisition, which was completed with cash consideration.

Following the acquisition of equity shares by promoter Mr. Parag K. Shah, Man Infraconstruction Limited has notified the stock exchanges of a disclosure made in accordance with SEBI norms. The promoter acquired 1,00,000 shares of the firm on November 24, 2025, through open market transactions, according to the filing dated November 25, 2025. Following this transaction, he now owns 11,91,83,405 equity shares, or 29.52% of the company's total paid-up share capital, while the promoter group's cumulative holding now represents 62.32% of the voting capital. For compliance and record-keeping purposes, the disclosure was sent to the NSE and BSE.

On November 25, 2025, Mr. Parag K. Shah, a promoter of Man Infraconstruction Limited, announced that he had acquired 90,000 equity shares in the company through open-market transactions. His own shareholding grew from 11,91,83,405 shares (29.52%) to 11,92,73,405 shares (29.54%) after this acquisition, while the overall promoter and PAC holdings only slightly increased to 62.34%. At 40,36,66,505 equity shares, each worth Rs 2, the company's entire equity capital is still the same.

An integrated EPC (Engineering, Procurement & Construction) firm, Man Infraconstruction Limited (MICL) has expertise and implementation expertise in the road, port, residential, and commercial & industrial construction sectors.