The Board of Directors of Man Infraconstruction Limited has approved resolutions regarding related party transactions, as detailed in a notice released on August 25, 2025.
The approval encompasses transactions with Shreepati Zaoba Housing LLP, Shreepati Skies (R R Chaturvedi), and Man Aaradhya Infraconstruction LLP. These transactions are aimed at enhancing operational efficiency and cost savings within the company and its group entities, the company said in a statement.
The transactions include the sale and purchase of goods or materials, supply of services, selling or buying or hiring of fixed assets or leasing of assets, capital contribution and giving of loans, construction contracts/ PMC agreements, and bank guarantees/ corporate guarantees to be issued/ securities to be provided on behalf of. The omnibus approval sought for entering into related party transactions on arm's length basis and will be valid for one year from the date of approval of shareholders.
| Nature of Related Party Transactions | Shreepati Zaoba Housing LLP (₹ Crs.) | % to Annual Consolidated Turnover | Shreepati Skies (R R Chaturvedi) (₹ Crs.) | % to Annual Consolidated Turnover | Man Aaradhya Infraconstruction LLP (₹ Crs.) | % to Annual Consolidated Turnover |
|---|---|---|---|---|---|---|
| Sale, purchase of goods or materials or supply of services | 5.00 | 0.45% | 5.00 | 0.45% | 5.00 | 0.45% |
| Selling or buying or hiring of fixed assets or leasing of assets | 10.00 | 0.90% | 10.00 | 0.90% | 10.00 | 0.90% |
| Capital contribution and giving of Loans | 100.00 | 9.02% | 150.00 | 13.54% | 150.00 | 13.54% |
| Construction Contracts/ PMC Agreements | 200.00 | 18.05% | 150.00 | 13.54% | 150.00 | 13.54% |
| Bank Guarantees/ Corporate Guarantees to be issued/ Securities to be provided on behalf of | 350.00 | 31.59% | 200.00 | 18.05% | 250.00 | 22.56% |
Durgesh Dingankar, the Company Secretary, has confirmed that these transactions are in compliance with applicable laws, including Domestic Transfer Pricing Guidelines. The board believes these transactions are in the best interest of the company and its members, ensuring efficient resource allocation and cost reduction.
Members should note that no related party of the Company shall vote to approve the Ordinary Resolution set out in this Postal Ballot Notice whether the entity is a related party to the aforesaid transactions or not.
The Audit Committee has recommended the resolution for approval, emphasizing that these transactions are in the ordinary course of business and at arm's length basis.
Except the Director(s), promoter and promoter group and Key Managerial Personnel and their relatives (to the extent of their shareholding interest in the Company and its subsidiary/associate companies), none of the other Directors and/or any Key Managerial Personnel of the Company and/or their relatives are concerned or interested, financially or otherwise, in this resolution.
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