Man Infraconstruction buyback: up to Rs. 171 per share, size Rs. 169,29,00,000
Board approves open market buyback of up to 99,00,000 shares, representing 2.45% of existing paid-up equity capital.
Key takeaways
- Maximum Buyback Price is Rs. 171/- per equity share via open market route.
- Maximum Buyback Size is Rs. 169,29,00,000/- excluding Transactions Cost.
- Indicative Maximum Buyback Shares are 99,00,000, i.e. 2.45% of paid-up equity.
- Promoters are excluded from the buyback; only public shareholders can tender.
- Public announcement with detailed process and timelines will be released later.
Key terms
- Action
- Buyback
- Terms
- Rs. 171/- per equity share
- Indicative Maximum Buyback Shares: 99,00,000 equity shares
- Maximum Buyback Size: Rs. 169,29,00,000/-
Man Infraconstruction Limited has announced a share buyback through the open market, as approved by its Board of Directors at the meeting held on September 01, 2026.
According to the board's outcome letter dated September 01, 2026, the company will buy back fully paid-up equity shares of face value Rs. 2/- each via the stock exchange mechanism, subject to specified price and size limits.
Key terms
- Type of action: Buyback of fully paid-up equity shares
- Route: Open Market route through the Stock Exchange mechanism
- Face value: Rs. 2/- (Rupees Two only) per equity share
- Maximum Buyback Price: Rs. 171/- (Rupees One Hundred and Seventy One only) per equity share
- Maximum Buyback Size: Rs. 169,29,00,000/- (Rupees One Hundred and Sixty Nine Crores Twenty Nine Lakhs only)
- Indicative Maximum Buyback Shares: 99,00,000 Equity Shares ("Maximum Buyback Shares")
- Percentage of existing paid-up equity capital: 2.45% of the total paid-up equity share capital of the Company as on September 01, 2026
- Regulatory limit reference: Maximum Buyback Size represents 8.66% of the aggregate of the total paid-up equity share capital and free reserves on a standalone basis and 7.99% on a consolidated basis as on March 31, 2026
The company has clarified in the board's outcome letter that the buyback will be from all shareholders/beneficial owners of the equity shares of the Company other than the Promoters, the Promoter group and Persons acting in control of the Company, and will be payable in cash.
The letter further states that, at the Maximum Buyback Size and the Maximum Buyback Price, the indicative maximum number of equity shares to be bought back would be 99,00,000 equity shares, representing 2.45% of the total paid-up equity share capital of the Company as on September 01, 2026 and is less than 25% of the existing paid-up equity capital of the Company.
If equity shares are bought back at a price below the Maximum Buyback Price, the actual number of equity shares bought back could exceed the indicative Maximum Buyback Shares (assuming full deployment of the Maximum Buyback Size), but will always be subject to the Maximum Buyback Size.
The company has also specified that the Maximum Buyback Size shall not include any expenses to be incurred for the buyback, such as filing fees payable to SEBI, Stock Exchanges' fee for usage of their platform for buyback, brokerage, applicable taxes (including tax on distribution income on buyback, securities transaction tax, Goods and Services Tax, Income tax, stamp duty), public announcement publication expenses, intermediaries' fees, printing and dispatch expenses, turnover charges and other incidental and related expenses (collectively referred to as "Transactions Cost").
Eligibility and shareholding pattern
Since this is an open market buyback through the stock exchange mechanism, there is no single record date mentioned in the filing. Shareholders (other than the Promoters, the Promoter group and Persons acting in control of the Company) who hold shares and sell them on the exchange during the buyback period, while the company is placing its buy orders, may be able to participate, subject to market conditions and the company's purchase decisions.
Annexure B to the board's outcome letter sets out the pre and post buyback shareholding pattern, assuming the buyback of the Maximum Buyback Shares i.e. 99,00,000 equity shares at the Maximum Buyback Price i.e. Rs. 171/- per equity share:
-
Pre Buy Back (as on August 28, 2026):
- Promoter & Promoter Group: 25,23,81,757 equity shares (62.52% of existing equity share capital)
- Public Shareholders: 15,12,84,748 equity shares (37.48% of existing equity share capital)
- Total: 40,36,66,505 equity shares (100.00%)
-
Post Buy Back*:
- Promoter & Promoter Group: 25,23,81,757 equity shares (64.09% of existing equity share capital)
- Public Shareholders: 14,13,84,748 equity shares (35.91% of existing equity share capital)
- Total: 39,37,66,505 equity shares (100.00%)
*The filing notes that the actual shareholding pattern post buyback may vary depending upon the actual number of equity shares bought back under the buyback.
Timelines and next steps
The company states in the board's outcome letter that "The public announcement setting out the process, timelines and other statutory details of the Buyback will be released in due course, in accordance with the Buyback Regulations."
As of this filing, specific opening and closing dates for the buyback have not been provided. Investors should refer to the forthcoming public announcement and subsequent stock exchange notices for detailed timelines and operational instructions.
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