Man Infraconstruction has confirmed that the postal ballot notice seeking shareholder approval for two new board appointments was electronically dispatched on August 21, 2026. The company emphasized that hard copies will not be sent, aligning with Ministry of Corporate Affairs circulars.

The remote e-voting process is scheduled to commence on August 23, 2026, and conclude on September 21, 2026. Shareholders holding shares as of the cut-off date, August 14, 2026, are eligible to vote via electronic means through the National Securities Depository Limited (NSDL) platform. Voting rights shall be reckoned on the paid-up value of equity shares registered in the name of members as on the cut-off date.

Proposed Appointments

The postal ballot seeks approval for two distinct resolutions:

• Ordinary Resolution: Appointment of Mr. Vatsal P. Shah as a Non-Executive, Non-Independent Director. He is liable to retire by rotation.
• Special Resolution: Appointment of Mr. Sivaramakrishnan S. Iyer as an Independent Director for a first term of five years, from August 12, 2026, to August 11, 2031. He is not liable to retire by rotation.

Both appointments were initially made by the Board with effect from August 12, 2026, pending shareholder ratification within three months as per SEBI Listing Regulations.

Director Profiles

Mr. Vatsal P. Shah brings over a decade of international academic and professional experience. He holds a Master of Science in Business Analytics from the University of Miami and a Bachelor of Science in Business Administration from Northeastern University. Currently serving as a Director of MICL Global Inc., a wholly owned subsidiary, he has overseen the company’s international operations since 2020. He is the son of Chairman Parag K. Shah and brother of Managing Director Manan P. Shah.

Mr. Sivaramakrishnan S. Iyer is a Chartered Accountant with more than 30 years of experience in corporate finance, debt and equity fundraising, mergers and acquisitions, and capital structuring. He acts as a strategic advisor to various companies and private investors. He currently serves on the boards of Praj Genx Limited, Norse Brands Private Limited, Greenai Services Private Limited, Aptech Limited, Crest Ventures Limited, and Immunoscript Life Science Private Limited.

Voting Details

The company has engaged NSDL to facilitate remote e-voting. The voting window remains open from 9:00 am on August 23, 2026, until 5:00 pm on September 21, 2026. The results will be communicated to stock exchanges along with the Scrutinizer’s report within two working days of the conclusion of the ballot, specifically on or before September 23, 2026.

M/s. Rathi & Associates has been appointed as the Scrutinizer for the postal ballot process. Members holding shares in physical mode who have not updated their email addresses are requested to do so by writing to the company at investors@maninfra.com .

Man Infraconstruction has acquired an additional 16% partnership interest in MICL Properties LLP, an associate engaged in real estate activities. The transaction, completed on August 17, 2026, increases the listed company's total stake in the limited liability partnership to 50%.

The acquisition was made for a cash consideration of ₹16,000. This amount represents the price for the 16% additional interest in the entity, which has a fixed capital contribution of ₹1 lakh. The deal does not fall under the purview of related party transactions as per SEBI Listing Regulations. While the promoter group holds no interest in the LLP, Manan P. Shah, Managing Director of Man Infraconstruction, represents the company as the Designated Partner in the LLP.

Financial profile of target

MICL Properties LLP was incorporated on July 5, 2021, in Maharashtra to undertake real estate business. The entity has not generated any revenue in the last three financial years.

The acquisition requires no governmental or regulatory approvals. The company disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, citing the objective of strengthening its position in the real estate segment through its associate.

What the numbers show

The nominal cost of the acquisition (₹16,000) relative to the fixed capital contribution (₹1 lakh) suggests the transaction is primarily structural rather than value-driven by current earnings. With zero turnover recorded for three consecutive years, the immediate financial impact on Man Infraconstruction's consolidated results will be negligible, indicating a long-term strategic positioning in the real estate space rather than an immediate revenue contributor.