Man Infraconstruction Limited — Others, 03-02-2025: Monitoring Agency Report

Man Infraconstruction Limited has shared the Monitoring Agency Report for the quarter ended December 31, 2024, verifying that the proceeds from its preferential issue of convertible warrants, amounting to ₹543.215 crore, were utilized in accordance with specified objectives. As of the reporting date, ₹182.759 crore has been credited to the preferential issue account, with no deviations reported in fund utilization. The company's ongoing projects and working capital financing remain on track, which may enhance investor confidence. This domestically aligned strategic leverage suggests a positive outlook within the EPC and real estate development sector.