Man Infraconstruction Approves ₹169.29 Crore Open-Market Share Buyback, Offer Runs to 16 December 2026

What the board approved

The board of Man Infraconstruction Limited approved the buyback at its meeting on 1 September 2026. The company will buy up to 99 lakh fully paid-up equity shares at a maximum price of ₹171 per share, for an aggregate amount of up to ₹169.29 crore.

The buyback is being carried out through the open-market route via the stock exchange mechanism, under the SEBI Buy-Back of Securities Regulations and the Companies Act, 2013. Because purchases are made on the exchanges rather than through a fixed tender, the company buys shares when they are offered at or below the cap, up to the total amount approved.

The shares carry a face value of ₹2 each. If shares are bought below ₹171, the number acquired could be more than 99 lakh, while total spending remains capped at ₹169.29 crore.

Timetable

A public announcement was published on 3 September 2026. Bought-back shares are to be extinguished within seven working days after the buyback period expires.

The company has set the opening on or before 9 September 2026, and the purchase window can run for up to 66 working days from that date. The closing date is Wednesday, 16 December 2026, unless the company completes the buyback sooner or the board sets an earlier end date.

On 4 September 2026, the company sent an electronic intimation about the open-market offer to its shareholders whose email addresses were on record.

Who can take part

The offer is open to shareholders and beneficial owners holding equity shares, other than promoters, members of the promoter group and persons acting in control of the company. Public shareholders hold about 37.48% of the company, as the company's disclosure indicates.

The board has set up a Buyback Committee to handle the required steps and formalities of the process.

What it means for investors

Because the buyback is capped in rupees, the number of shares the company retires depends on the prices at which shares trade during the window. At the ₹171 ceiling, the maximum of 99 lakh shares equals about 2.45% of paid-up equity capital. A lower average purchase price would allow more shares to be bought within the same ₹169.29 crore limit.

Since promoters do not take part, a completed buyback reduces the number of shares held by the public. That change would raise the promoter group's percentage stake even though promoters do not sell.

What it means for home buyers

The buyback is a share-capital transaction. It does not relate to a specific housing project, unit configuration or price list, and no RERA registration is involved.

What comes next

The buyback window is scheduled to run through 16 December 2026. Purchases are due to start from 9 September 2026 and continue on the exchanges until the company reaches the ₹169.29 crore limit or the closing date, whichever comes first. Once the window closes, the company will need to settle payments and extinguish the bought-back shares within the period set out in its filing.