Man Infraconstruction Limited has subscribed to a 26% equity stake in Yogayatan Paradip SQB Terminal Private Limited for ₹1.30 crore to develop a multipurpose berth terminal at Paradip Port, Odisha. The company subscribed to 13,00,000 equity shares of ₹10 each in the newly incorporated special purpose vehicle (SPV), which will operate on a Build-Operate-Transfer (BOT) basis for handling dry bulk, break-bulk, and other permitted cargo. The investment aims to strengthen the company's presence in the port infrastructure sector.

The transaction was disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Yogayatan Paradip SQB Terminal Private Limited was incorporated on July 07, 2026, as an SPV for the port infrastructure project. The entity has an authorised and paid-up capital of ₹5,00,00,000, with no turnover since it is a newly incorporated company.

The acquisition is not a related party transaction, and no promoter or group companies hold any interest in the target entity. The consideration for the acquisition was paid in cash. No specific governmental or regulatory approvals were required for the transaction, and the indicative time period for completion was not disclosed.

The primary objective of the SPV is to design, engineer, finance, procure, construct, develop, commission, own, operate, manage, maintain, repair, transfer, and otherwise deal with the multipurpose berth terminal (SQB Terminal) at Paradip Port. The project includes the development of the berth, backup storage area, equipment, and allied infrastructure.

Details of the Acquisition

Man Infraconstruction Limited has appointed Rajiv N. Sheth as an Additional Director in the category of Non-Executive Independent Director effective July 03, 2026, for a term of five years. The appointment, approved by the Board via circulation on the recommendation of the Nomination and Remuneration Committee, is subject to shareholder approval. Sheth is not liable to retire by rotation and has confirmed he is not debarred from holding the office of Director by any SEBI order or other authority.

Rajiv N. Sheth holds a Bachelor's degree in Commerce from the University of Mumbai and is a Chartered Accountant from the Institute of Chartered Accountants of India. He possesses over three decades of experience in finance, accounts, auditing, taxation, and regulatory compliance, including Income Tax and Goods and Services Tax (GST). With over 20 years of active practice as a Chartered Accountant, he brings deep financial expertise to the role.

Professional Background

Sheth has a history with Man Infraconstruction , having served as its Group Chief Financial Officer until his retirement in 2022. In that capacity, he oversaw the Group's finance, accounts, audit, taxation, treasury, and financial governance functions. His extensive background in financial management, corporate governance, risk management, and strategic financial planning is expected to provide valuable guidance to the Board.

Key Appointment Details

The following table summarizes the key details regarding the appointment:

The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by the stock exchanges.