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.

Promoter Parag K. Shah has increased his stake in Man Infraconstruction Limited by acquiring 2,50,000 equity shares through an open market transaction on June 25, 2026. The acquisition was disclosed to the stock exchanges in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Following this purchase, Parag K. Shah's individual holding rose to 11,99,96,405 shares, representing 29.72% of the total share capital. The acquisition has also adjusted the overall shareholding pattern of the promoter group, which includes Persons Acting in Concert (PAC) such as Vatsal P. Shah, Mansi P. Shah, and others.

The total promoter group holding now stands at 25,23,81,757 shares, aggregating to 62.52% of the company's equity. Prior to the transaction, the group held 62.46% of the shares. The acquisition was executed entirely in the open market, and the company's total equity share capital remains unchanged at 40,36,66,505 shares of ₹2 each.

Shareholding Details

The table below outlines the changes in the promoter group's holding before and after the acquisition:

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on June 29, 2026, by Amit Bhansali, the authorised signatory for Mr. Parag K. Shah.