Man Infraconstruction Limited announced the completion of Aaradhya Parkwood, featuring Tower Clove and Tower Dion, on June 03, 2026. This project delivery marks the 20th instance of on-time completion for the MICL Group. The announcement underscores the developer's operational efficiency in meeting project deadlines.

The disclosure was submitted to the stock exchanges under Regulation 30 of the Listing Obligations and Disclosure Requirements (LODR) regulations. The filing confirmed the handover of the specific towers within the Aaradhya Parkwood development.

Man Infraconstruction Limited has initiated a postal ballot process to seek shareholder approval for material related party transactions (RPTs) with its subsidiaries and associates. The company has proposed 12 ordinary resolutions, covering transactions with entities such as MICL Developers LLP, Man Vastucon LLP, and Man Aaradhya Infraconstruction LLP. The aggregate value of these proposed transactions amounts to ₹3,960 crore.

The Audit Committee, in its meeting held on May 13, 2026, reviewed and approved these transactions, which are intended to be undertaken in the ordinary course of business and on an arm’s length basis. The approvals are valid for a period of one year from the date of the resolution passing. The transactions include construction contracts, capital contributions, loans, and the issuance of corporate guarantees to support the real estate and infrastructure projects of the related parties.

E-Voting Schedule

Shareholders registered on the records of the company as of Friday, May 15, 2026, are eligible to participate in the voting process. The remote e-voting facility will be available from Sunday, May 24, 2026, at 9:00 A.M. (IST) until Monday, June 22, 2026, at 5:00 P.M. (IST). The notice has been dispatched electronically to shareholders whose email addresses are registered with the company's registrar and share transfer agent.

Proposed Transactions

The resolutions seek approval for transactions with several related parties, including subsidiaries and associates of Man Infraconstruction Limited. The largest proposed transaction is with Man Aaradhya Infraconstruction LLP, involving an aggregate value not exceeding ₹1,145 crore. Other significant approvals include transactions with Shreepati Zaoba Housing LLP (₹820 crore) and MICL Developers LLP (₹570 crore).

Scrutiny and Results

Mr. Himanshu S. Kamdar, Partner of M/s. Rathi & Associates, has been appointed as the Scrutinizer to oversee the remote e-voting process. The Scrutinizer will submit a report on the results to the Chairman within two working days of the conclusion of the postal ballot. The results will be announced on or before Wednesday, June 24, 2026, and subsequently communicated to the stock exchanges and posted on the company's website.