Man Infraconstruction Limited — Others, 20-05-2025: Monitoring Agency Report

Man Infraconstruction Limited has announced a Monitoring Agency Report confirming that proceeds from its preferential issue of warrants amounting to INR 543.215 crore are being used as planned. By March 31, 2025, INR 182.759 crore was credited, with INR 138.325 crore deployed toward business expansion, fixed assets, working capital, and corporate purposes. The remaining INR 44.434 crore is unutilized and partly invested in fixed deposits earning 6-7.7% interest. There have been no delays or deviations, reflecting smooth fund utilization supporting EPC and real estate activities.