Man Infraconstruction Limited — Others, 13-08-2025: Monitoring Agency Report

Man Infraconstruction (MICL) has submitted its Monitoring Agency Report for the quarter ended June 30, 2025, regarding the utilization of proceeds from its preferential issue of warrants. The report, prepared by ICRA, confirms that the funds are being utilized as intended, with no deviations from the stated objects. From the total issue size of INR 543.215 crore, MICL has received INR 294.728 crore. The company has utilized INR 138.327 crore towards expanding EPC and real estate business, working capital, and general corporate purposes. The remaining unutilized funds of INR 156.493 crore are held in fixed deposits, ensuring productive deployment.