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.
