Man Industries (India) Limited — Others, 15-05-2025: Monitoring Agency Report

Man Industries (India) Limited has announced that proceeds from its Rs 170 Cr preferential equity issue were fully utilized as planned—Rs 50 Cr for working capital, Rs 24.99 Cr for corporate purposes, and Rs 95 Cr for business expansion, including Rs 2.7 Cr extended to its subsidiary for a new plant. The preferential issue was undersubscribed, reducing total proceeds from Rs 250 Cr to Rs 170 Cr. There were no delays or deviations in how the funds were used, reflecting disciplined capital deployment supporting growth plans.