Man Infraconstruction Limited — Others, 03-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Man Infraconstruction Limited has confirmed that there is no deviation or variation in the use of proceeds from its preferential issue of 3,50,46,100 convertible warrants valued at ₹155 each, amounting to ₹182.76 crore, for the quarter ended December 31, 2024. The Audit Committee reviewed and approved this statement, ensuring that funds were utilized as originally outlined for expanding EPC and real estate operations, among other purposes. This clarity reinforces operational consistency and fiscal responsibility, likely fostering a positive outlook among investors by demonstrating effective fund management.