Man Industries (India) Limited — QIP/Rights/Pref., 28-05-2025: Allotment of Securities

Man Industries has announced a board meeting on the allotment of 25 lakh equity shares to Man Finance Private Limited, a promoter group entity, on conversion of earlier warrants. With a face value of Rs. 5 each and an issue price as per SEBI norms, this raises promoter holding via fresh equity infusion from the promoter side. This move strengthens promoter control while bringing additional funds into the company.