MAN Industries (India) Limited Allotted 25,00,000 Equity Shares upon Conversion of Warrants to Promoter Group Entity
MAN
Industries (India) Limited, In accordance with the terms of the warrant
allotment approved by the Board of Directors on December 1, 2023, the Allotment
Committee of the Company on May 28, 2025, has approved the allotment of
25,00,000 (Twenty-Five Lakh) Equity Shares of face value of ₹5 each to Man Finance Private Limited (MFPL), a
Promoter Group entity, upon conversion of an equivalent number of warrants.
The warrants were allotted
to Man Finance Private Limited on preferential basis in accordance with the
applicable provisions of SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018 and the Companies Act, 2013.
Following
the Allotment:
• Man Finance Private
Limited's shareholding has increased from 64,69,242 equity shares (9.99%) to
89,69,242 equity shares (13.34%).
• The Promoter and Promoter
Group’s total shareholding has increased from 2,99,12,022 equity shares
(46.21%) to 3,24,12,022 equity shares (48.21%).
The newly allotted shares
shall rank pari-passu with the existing equity shares of the Company in all
respects.
Current Issue
12-2025
