Man Infraconstruction Limited — QIP/Rights/Pref., 22-07-2025: Allotment of Securities

Man Infraconstruction just beefed up its capital! They converted 1.58 crore warrants into new equity shares via a preferential allotment, pumping Rs 184.62 crore into the company. These shares went to 50 non-promoter investors and some MIGL Group employees, increasing the paid-up capital from Rs 77.56 crore to Rs 80.73 crore. Important to note: 26.30 lakh warrants weren't converted, with their initial payments forfeited. This influx of capital boosts company finances but will dilute current shareholder equity, including the promoter's stake percentage, since no promoters converted their warrants in this lot.