Man Industries (India) Limited — Others, 03-06-2025: Shareholders meeting

Man Industries (India) Limited has announced a board meeting on increasing its Authorized Share Capital from Rs. 40 Cr to Rs. 50 Cr to support funding needs. It plans a preferential issue of up to 12.19 lakh convertible warrants to promoters at Rs. 328 each, targeting nearly Rs. 40 Cr, along with up to 79.27 lakh equity shares to non-promoters at the same price, aiming to raise about Rs. 260 Cr. Funds will support capex, working capital, and general corporate purposes. Control of the company remains unchanged.