MANIndustries (India) Ltd. has announced the successful completion of a INR255-crorepreferential allotment to select non-promoter institutional and strategicinvestors, further reinforcing strong institutional confidence in the company’sgrowth strategy and execution capabilities. The allotment comprised 77,74,383fully-paid equity shares (face value INR5.00 each), issued at INR328 per share(inclusive of a premium of INR323) — underscoring strong demand from marqueenon-promoter investors, including ace investor, Ashish Kacholia, Carnelianasset management, Ovata Capital (Hong Kong based), Ashika Global FinancePrivate Limited, Capri Global Holdings Pvt. Ltd., and RBA and FinanceInvestment Co, among others.

Thisstrategic capital infusion is poised to:

-         Advancecapital expenditure commitments associated with ongoing expansions in Jammu andSaudi Arabia.

-         Strengthenthe balance sheet and bolster working capital for enhanced operationalresilience.

-         Fuelthe company’s domestic and global growth roadmap, backed by order-book momentumand execution capability.

Commentingon the development, Nikhil Mansukhani, Managing Director of MAN Industries,said, “This successful capital raise from reputed investors is a strongendorsement of our growth strategy and operational strength. It enhances ourability to capitalize on infrastructure opportunities globally, whilereinforcing our commitment to sustainable scale-up and stakeholder valuecreation.”

“Thissuccessful capital raise from reputed investors is a strong endorsement of ourgrowth strategy and operational strength. It enhances our ability to capitalizeon infrastructure opportunities globally, while reinforcing our commitment tosustainable scale-up and stakeholder value creation.”

-     Nikhil Mansukhani,

Managing Director,

MAN Industries.