The board of Man Infraconstruction has approved a share buyback program worth ₹169.29 crore at a maximum price of ₹171 per share. According to the company's exchange filing, the buyback will be executed through the open market route using stock exchange mechanisms, payable in cash via the stock exchange mechanism in accordance with SEBI Buy-Back of Securities Regulations, 2018. The offer is open to all shareholders except promoters, promoter group, and persons acting in control of the company. The buyback includes fully paid-up equity shares with a face value of ₹2 each. At the maximum buyback price and size, the company will repurchase up to 99 lakh shares, representing 3.45% of its existing paid-up equity share capital.
The maximum buyback size represents 8.66% of the aggregate of the company's total paid-up equity share capital and 7.99% of free reserves based on latest audited financial statements as of March 31, 2026. The board has constituted a buyback committee and delegated necessary powers to oversee the process. The actual number of shares bought back could exceed 99 lakh if shares are acquired below the maximum price of ₹171, subject to the maximum buyback size of ₹169.29 crore. The company's total equity share capital stands at 44.40 crore shares with a face value of ₹1 each.
According to the company's latest shareholding data as of March 31, 2026, promoters and the promoter group hold 43.08 crore shares, accounting for 9.70% of the equity share capital, while public shareholders own 40.32 crore shares, representing 85.30%. As reported by the company's exchange filing, the total number of existing equity shares stood at 44.40 crore shares. The promoter and promoter group holdings include Madhav Bhageria holding 43.08 crore shares (9.70%), Purrshottam Bhaggeria holding 42.44 crore shares (9.56%), Madhu Sudhan Bhageria holding 37.89 crore shares (8.54%), Azimuth Investments Limited holding 36.42 crore shares (8.21%), Janus Infrastructure Projects Private Limited holding 27.49 crore shares (6.19%), and Nouvelle Securities Private Limited holding 24.79 crore shares (5.59%).
Assuming the maximum 99 lakh shares are bought back at ₹171 apiece, the promoter and promoter group holding would rise to 10.49% from the current 9.70%, while public shareholders' holding would correspondingly decline to 89.51% from 90.30%. The company's total outstanding equity would fall to 39.31 crore shares under this assumption. The actual post-buyback shareholding pattern may vary depending on the actual number of equity shares ultimately bought back, as noted by the company in its exchange filing.
Shares of Man Infraconstruction have delivered strong recent performance, adding 26% in one month and 16% in the last 6 months. The stock closed 1.45% higher at ₹124.25 per share on Tuesday, September 1, with a market capitalisation of ₹5,015.56 crore. The stock had touched an intraday high of ₹126.30 and an intraday low of ₹121.60 during the session. The company reported a net profit of ₹59.56 crore in the June quarter of FY27, compared to ₹33.35 crore in the March quarter of FY26. Net revenue stood at ₹102.72 crore in the June quarter, up from ₹64.81 crore in the March quarter of FY26. The company's return on equity (ROE) stood at 10.5%.
