Man Industries (India) Limited — Others, 21-06-2025: Corrigendum

Man Industries (India) Limited has announced a board meeting to approve a preferential issue of equity shares at Rs.328 per share, aligned with its valuation report. The company plans to raise approximately Rs.260 Cr proceeds to fund business expansion projects in Saudi Arabia and Jammu & Kashmir via wholly owned subsidiaries, support working capital requirements, and cover general corporate purposes. Funds will be deployed over 18 months, with surplus invested in liquid instruments meanwhile. CRISIL Ratings Limited has been appointed to monitor utilization of the issue proceeds and will report quarterly until full deployment.