Man Industries (India) Limited, a prominent player in the industrial sector, has made a significant move by allotting warrants to its promoter group entity. The company's Allotment Committee approved the issuance during a meeting held on August 2, 2025, marking a strategic step in its capital structure.

Warrant Allotment Details

Man Industries has allotted 12,19,512 warrants convertible into equity shares to Man Finance Private Limited, a promoter group entity. This preferential allotment comes with the following key features:

Financial Implications

The preferential issue of warrants is set to inject approximately Rs. 40.00 crore into the company, calculated based on the issue price and the number of warrants allotted. This move could potentially strengthen the company's financial position and provide capital for future growth initiatives.

Regulatory Compliance

The allotment adheres to the regulations set forth by the Securities and Exchange Board of India (SEBI). Specifically, it complies with:

• SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Companies Act, 2013 and related rules

Impact on Shareholding

Upon full conversion of the warrants, Man Industries will issue 12,19,512 new equity shares. These shares will rank pari-passu with the existing equity shares of the company in all respects, including voting rights and dividend entitlement.

Corporate Governance

The allotment process followed a structured approach, including:

• Board approval on May 31, 2025
• Shareholder approval through an Extraordinary General Meeting
• Receipt of in-principle approvals from BSE Limited and National Stock Exchange of India Limited

Conclusion

This strategic move by Man Industries demonstrates the promoter group's confidence in the company's future prospects. The infusion of funds through this warrant issue could potentially support the company's growth plans and operational needs in the coming months.

Man Industries (India) Limited , a leading manufacturer of large-diameter carbon steel line pipes, has successfully raised ₹255 crore through a preferential allotment of shares to non-promoter investors. The company's move to bolster its capital base has attracted significant interest from various marquee investors, including notable market participant Ashish Kacholia.

Key Highlights of the Share Allotment

• Total Funds Raised: ₹254.99 crore
• Number of Shares Allotted: 77,74,383 equity shares
• Issue Price: ₹328 per share (including a premium of ₹323)
• Face Value: ₹5 per share
• Number of Allottees: 25 non-promoter investors

Ashish Kacholia's Participation

Ashish Kacholia, a renowned investor in the Indian stock market, has made a substantial investment in Man Industries through this preferential allotment. Kacholia received 914,634 shares, amounting to an investment of approximately ₹30 crore, showcasing his confidence in the company's growth prospects.

Allocation Breakdown

The preferential issue saw participation from a diverse group of investors. Here's a breakdown of some key allocations:

Utilization of Funds

According to the company's press release, the funds raised will be strategically deployed for:

1. Advancing capital expenditure commitments for ongoing expansions in Jammu and Saudi Arabia
2. Strengthening the balance sheet and enhancing working capital for improved operational resilience
3. Fueling the company's domestic and global growth initiatives, supported by a robust order book

Management's Perspective

Mr. Nikhil Mansukhani, Managing Director of Man Industries, expressed his views on the successful capital raise: "This capital infusion underscores strong investor confidence in MAN Industries' long-term growth trajectory. It significantly enhances our financial foundation and accelerates our ability to execute a robust order pipeline. We remain committed to engineering excellence, sustainable scale-up, and long-term stakeholder value creation."

About Man Industries (India) Limited

Established in 1970, Man Industries has evolved from an aluminum extruder to a global supplier of LSAW, HSAW, and ERW pipes. The company serves critical infrastructure sectors including oil & gas, petrochemicals, water, CGD, and fertilizers. With ISO certifications and three advanced manufacturing facilities, Man Industries boasts a combined installed capacity exceeding 1.18 MTPA.

This strategic move by Man Industries to raise capital through preferential allotment is expected to strengthen its market position and support its expansion plans in the highly competitive pipe manufacturing industry.