Man Infraconstruction will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

Man Infraconstruction announced the successful acquisition of the Commencement Certificate (CC) for its highly anticipated Vile Parle project. This key milestone sets the stage for the formal launch of the project, which is expected to take place shortly after securing the necessary RERA approvals. Located on Swami Vivekanand (S.V.) road the project offers excellent connectivity to nearby schools, colleges, hospitals, railway station, airport, beach and entertainment hubs. This is the first cluster development of Vile Parle West and yet another successful cluster development by MICL Group. The Vile Parle project spread over 3 acres comprise 10 residential towers, each 15 storeys high. It offers a total carpet area for sale of approximately 3.5 lakh sq. ft.featuring premium 2 BHK, 3 BHK and 4 BHK residential spaces. The project has total estimated sale potential of over ₹1,200 crores. The project is executed through a JV entity of MICL Group under asset-light Development Management (DM) model.Powered by Capital Market - Live

Man Infraconstruction (MICL Group) has secured the Occupancy Certificate (OC) for the F-wing of its prestigious Atmosphere O2 project in Mulund West, Mumbai within ~3.5 years of its launch. This milestone is part of MICL Group's consistent track record, having successfully delivered 2.8 million square feet of carpet area ahead of schedule, showcasing its expertise and commitment to timely project completion. The Atmosphere O2 project spans ~7.2 lakh square feet of RERA carpet area and 18.6 lakh square feet of construction area, featuring three 47-storey residential towers and an 18-storey commercial tower. The project with a revenue potential of about Rs. 1,650 crore is almost sold out and has made a total collection of about Rs. 1475 crore as of Sep-24 from its bookings. This reflects the overwhelming demand and confidence that buyers have placed in MICL Group's premium offerings. Following the resounding success of Atmosphere (Phase 1), Atmosphere O2 has emerged as one of the most sought-after gated community projects in Nahur, Mulund West. Launched in November 2019, MICL Group delivered Towers D & E in September 2023, followed by the completion of Tower F in September 2024.Powered by Capital Market - Live

Man Infraconstruction announced that Aaradhya Evoq marks the completion of MICL Group's 19th real estate project (including phases), all of which have been delivered ahead of schedule. To date, MICL Group has successfully delivered 2.6 million square feet of carpet area, a testament to the group's expertise and commitment in delivering projects before time. Aaradhya Evoq, the luxury residential project located in the prestigious neighbourhood of Juhu, Mumbai was completed in an impressive time frame of less than 2.5 years from its launch, further cementing MICL Group's commitment to timely project execution and customer satisfaction. With a total carpet area of around 60,000 square feet available for sale and revenue potential of about Rs. 250 crore, the project has already sold out nearly 85% of its residences and made a total collection of over Rs. 165 crore.Powered by Capital Market - Live

Man Infraconstruction has allotted 9,37,760 equity shares on conversion of warrants on receipt of an amount aggregating to Rs. 10.90 crore at the rate of Rs 116.25 per warrant (being 75% of the issue price per warrant). Post allotment, the paid up equity share capital has increased to Rs. 74,43,76,330/-(37,21,88,165 equity shares of face value of Rs. 2/- each fully paid up). Powered by Capital Market - Live

Man Infraconstruction announced that MICL Estates LLP (wherein the Company's holding was 99.99%) has ceased to be a subsidiary of the Company with effect from 27 August 2024, on account of disposal of entre partnership interest by the Company in the said LLP. Powered by Capital Market - Live

Man Infraconstruction announced that the Board of Directors of the Company at its meeting held on 6 August 2024, inter alia, have recommended the first interim dividend of Rs 0.45 per equity Share (i.e. 22.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Man Infraconstruction declined 5.99% to Rs 77.50 crore in the quarter ended June 2024 as against Rs 82.44 crore during the previous quarter ended June 2023. Sales declined 32.97% to Rs 341.62 crore in the quarter ended June 2024 as against Rs 509.66 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales341.62509.66 -33 OPM %24.4521.40 - PBDT115.10116.16 -1 PBT113.22113.76 0 NP77.5082.44 -6 Powered by Capital Market - Live

Man Infraconstruction (MICL Group) announced a significant milestone in the Aaradhya OnePark project, achieving ~50% sales within just six months of its launch in January 2024. This rapid success underlines the good market demand for luxurious residences in Mumbai. Aaradhya OnePark, located on the prestigious 60 ft. Road in Ghatkopar East, Mumbai offers an uber-luxurious living experience with meticulously designed 3, 4, and 5 BHK residences. The project boasts 50 lifestyle amenities, making it an unparalleled choice for discerning buyers. Its strategic location, superior construction quality, and exceptional amenities have driven remarkable sales performance.Powered by Capital Market - Live