Promoter Increases Stake In This Small-Cap Stock; Incorporates New Real Estate Subsidiary After Strong FY25

The 23rd Annual General Meeting (AGM) of Man Infraconstruction Limited has been officially confirmed as taking place on Wednesday, August 13, 2025. The deadline for determining a shareholder's eligibility for remote electronic voting and AGM participation is August 6, 2025, according to the corporation. The NSDL-enabled remote e-voting facility will be accessible from Sunday, August 10, 2025 (9:00 A.M.) until Tuesday, August 12, 2025 (5:00 P.M.). Additionally, shareholders will be able to cast their votes electronically at the meeting. For the purposes of the AGM, the Register of Members and Share Transfer Books will be closed from August 6 to August 13, 2025 (inclusive).

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Investors' confidence was further reinforced by the company's recent announcement that the Allotment Committee of the Board had approved the conversion of 95,29,140 convertible warrants into an equal number of equity shares with a face value of Rs 2 each. The funds received prior to execution including Rs 1,10,77,62,525 from warrant holders, suggest that this transaction was beneficial for all parties involved, bolstering their capital base and displaying strong investor trust which contributed towards completion through preferential issues.

On June 19, 2025, Man Infraconstruction announced the creation of a new subsidiary, MICL Shreepati August LLP, which will undertake real estate and its associated activities. Man Infraconstruction holds 50.50 per cent partnership interest in the newly formed entity with a capital contribution of Rs 1,00,000 out of which Rs 50,500 was paid in cash. The subsidiary is yet to commence operations and consequently has no revenue. For the purposes of promoter shareholders' baseline valuation, this transaction does not constitute a related party transaction.

Man Infraconstruction has also announced new real estate developments with an aggregate potential value of Rs 1,600 crore and is planning to roll out projects amounting to Rs 3,400 crore in FY26. The firm continues to be well-positioned to execute its growth strategies as it maintains a net-debt-free balance sheet alongside cash reserves of Rs 570 crore. As of March 2025, the company's current order book stands at Rs 503 crore, indicating strong project visibility.

The long-term numbers have been striking, showing a five-year compound annual profit growth rate (CAGR) of 48.3 per cent. Man Infraconstruction remains net cash positive and with strong return ratios further enhances its market positioning with 20 per cent ROE and 24 per cent ROCE, confirming operational strength.

Man Infraconstruction Limited is located in Mumbai and trades on both the NSE (MANINFRA) and BSE (533169). It has been in business for more than five decades in Engineering, Procurement, Construction (EPC), and Real Estate Development. The company has established itself as a leading player- constructing ports, and residential, commercial, industrial and road infrastructure projects across India. Its strong presence in Mumbai's real estate market boosts its reputation as a dependable developer with sound execution capabilities. Additionally, high-quality residential projects enhance reliability further.