Man Industries (India) Limited — Others, 25-11-2024: Shareholders meeting

Man Industries (India) Limited has scheduled an Extra-Ordinary General Meeting (EGM) on December 18, 2024, to approve the sale of assets by its wholly-owned subsidiary, Merino Shelters Private Limited. The assets, located in Navi Mumbai and covering an area of 23,089 square meters, will be sold at either the Government’s Ready Reckoner rate or the Fair Market Value, determined by a registered valuer. This strategic move may enhance liquidity and contribute positively to the company's financial portfolio, fostering a favorable investor sentiment as such asset sales often signal improved operational efficiency and focused growth strategies.