Man Industries (India) Limited — Board Meeting, 31-05-2025: Outcome of Board Meeting

Man Industries has announced a board meeting on May 31, 2025, approving a fundraise of up to Rs. 300 Cr through preferential allotment. About 12.2 lakh convertible warrants will go to promoters, convertible within 18 months, while 79.3 lakh equity shares at Rs. 328 each will be issued to 26 non-promoter investors, including Ashish Kacholia, raising around Rs. 260 Cr. The company is also establishing a wholly owned subsidiary in the USA to expand its global footprint. A shareholder meeting is planned to approve these moves.