Man Industries (India) Limited — Board Meeting, 21-11-2024: Outcome of Board Meeting

The Board of Directors has approved the sale or assignment of rights for Merino Shelters Private Limited, a wholly owned subsidiary, and the incorporation of a new subsidiary in Taiwan. The potential transaction could monetize assets, contributing a revenue of Rs. 202.80 crore from this unit in the last financial year. The expected completion of the sale is within three months, and details of the final agreement will be communicated once finalized. The meeting concluded with key strategic decisions aimed at expanding operations and optimizing asset value.