Man Infraconstruction's Associate Entity Receives IOD for O2 Highstreet Commercial Project

1 min read Updated on 26 Feb 2026, 01:15 PM

Reviewed by

Shriram SScanX News Team

Overview

Man Infraconstruction Limited's associate entity has received IOD for its O2 Highstreet commercial development in Mulund West, marking completion of the integrated Atmosphere project initiated in 2014. The development includes 7200 sq. ft. of carpet area with MICL Group holding 30% equity stake, completing a comprehensive ecosystem that delivered 1500+ residences and commercial spaces.

*this image is generated using AI for illustrative purposes only.

Man Infraconstruction Limited's associate entity Atmosphere Realty Pvt. Ltd. has received the Intimation of Disapproval (IOD) for its boutique commercial development O2 Highstreet at Nahur, Mulund West. This marks the completion of the integrated Atmosphere development that began in 2014, representing a significant milestone for the MICL Group.

Project Development Details

The O2 Highstreet commercial project represents the final phase of the comprehensive Atmosphere development ecosystem. Over the past decade, MICL Group has established a strong presence in the Mulund West micro-market through strategic developments.

Parameter:	Details
Project Name:	O2 Highstreet Commercial Development
Location:	Nahur, Mulund West
Development Start:	2014
Carpet Area for Sale:	7200 sq. ft.
MICL Group Stake:	30% equity
Current Status:	IOD Received

Ecosystem Development Achievement

The broader Atmosphere development has transformed the corridor into a comprehensive live-work destination. The integrated ecosystem includes multiple successful projects that have contributed to the area's development.

Development Component:	Achievement
Atmosphere & Atmosphere O2:	1500+ residences delivered
Residential Carpet Area:	Nearly 11 lakh sq. ft.
Sales Status:	~100% sold out
Gateway Commercial:	1.37 lakh sq. ft. development
Gateway Sales:	Fully sold out

Management Commentary

Mr. Manan Shah, Managing Director of Man Infraconstruction Limited, emphasized the significance of this development milestone. He noted that the IOD receipt for the Atmosphere Commercial project completes the broader Atmosphere vision, with improving connectivity through key infrastructure upgrades driving continued demand for quality commercial spaces in the area.

Strategic Market Position

The completion of the O2 Highstreet project strengthens MICL Group's position in the Mulund West real estate market. The company's decade-long commitment to developing this micro-market has resulted in a comprehensive ecosystem of residential and commercial properties, establishing the area as an integrated live-work destination.

Historical Stock Returns for Man Infraconstruction

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.28%	-3.94%	+2.06%	-34.27%	-33.83%	+340.82%

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Man Infraconstruction Promoter Parag K. Shah Acquires 100,000 Shares via Open Market

1 min read Updated on 25 Feb 2026, 01:17 PM

Reviewed by

Shriram SScanX News Team

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Overview

Man Infraconstruction disclosed that co-promoter Parag K. Shah acquired 100,000 shares through open market purchase, filing mandatory regulatory disclosures under SEBI Takeover Regulations. The transaction increased his individual shareholding from 29.64% to 29.66%, while the total promoter group holding rose to 62.46% of the company's 40,36,66,505 outstanding equity shares.

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Man Infraconstruction disclosed a substantial share acquisition by co-promoter Parag K. Shah under SEBI Takeover Regulations, highlighting continued promoter confidence in the infrastructure company's growth trajectory.

Regulatory Disclosure Details

The company filed mandatory disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming the share purchase transaction by promoter Parag K. Shah through open market operations.

Transaction Details:	Information
Acquirer:	Parag K. Shah (Promoter)
Number of Shares:	100,000
Transaction Date:	February 24, 2026
Transaction Mode:	Open Market
Filing Date:	February 25, 2026

Shareholding Pattern Changes

The acquisition resulted in marginal changes to the promoter group's shareholding structure, with Parag K. Shah's individual holding increasing while maintaining the overall promoter group dominance.

Shareholding Details:	Before Acquisition	After Acquisition	Change
Parag K. Shah Individual:	29.64%	29.66%	+0.02%
Persons Acting in Concert:	32.80%	32.80%	No Change
Total Promoter Group:	62.44%	62.46%	+0.02%
Total Shares Outstanding:	40,36,66,505	40,36,66,505	No Change

Market Significance

The open market purchase by a promoter demonstrates positive sentiment from company insiders who possess intimate knowledge of operational performance and strategic initiatives. The transaction maintains the promoter group's strong control over the company with a combined holding exceeding 62% of total equity.

Compliance Framework

The disclosure was filed with both National Stock Exchange of India Limited and BSE Limited, ensuring full regulatory compliance. The authorized signatory Amit Bhansali executed the filing on behalf of Parag K. Shah, maintaining proper corporate governance protocols for such substantial acquisition disclosures.

Historical Stock Returns for Man Infraconstruction