Man Industries

The MoU will explore the potential to establish a steel pipe manufacturing facility in the Kingdom of Saudi Arabia through Man Industries or its subsidiaries

Shares of Man Industries plunged over 10 per cent after Sebi barred the company and three top executives, including the chairman and MD, over alleged fund diversion

Man Industries shares fell 16 per cent after Sebi banned its chairman and top executives from accessing the securities markets for two years

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The buying on the counter came after the company bagged an export order worth ₹1,700 crore. This order is expected to be delivered during the next 6 to 12 months.

Man Industries shares fell 10 per cent after its June quarter revenue marginally dropped; profit, however, rose 45 per cent

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Man Industries share prices were buzzing in trade after the company announced that it has secured an order worth approximately Rs 1,150 crore from an international customer.

Man Industries rallied 12% to hit an eight-month high of ₹405.35 after the company's board approved fund raising of up to ₹300 crore through a preferential issue

Man Industries (India) rallied 12% to ₹351.25 on the BSE in Tuesday's intra-day trade, extending its previous day's 20% up move after it reported healthy earnings for Q4FY25 and strong outlook.

With today's up move, Man Industries share price has bounced back 26 per cent from its 52-week low level of Rs 201.45

Shares of Man Industries (India) hit a record high of Rs 378.50 as they rallied 12% after the company received new orders of approximately Rs 400 crore

The National Financial Reporting Authority (NFRA) has slapped a Rs 5 lakh fine and a five-year ban on an auditor for professional misconduct in the audit of MAN Industries for 2016-17. The regulator slapped a fine of Rs 5 lakh on Nilesh Chheda, who was the Engagement Partner (EP) for the statutory audit of MAN Industries (India) Ltd (MIIL) for FY17. It also barred Chheda for five years from undertaking any audit in respect of financial statements or internal audit and activities of any company or corporate. The order came after NFRA received a letter from Sebi regarding the financial irregularities committed by the company. Thereafter, the regulator initiated action to investigate into professional or other misconduct of the statutory auditor of MIIL. In its 30-page order passed on Wednesday, NFRA found the auditor, incorrectly 'Qualified' his opinion on consolidated financial statements, stating that they reflected a 'true and fair view' except for the non-consolidation of its ...

MAN Industries (India) Ltd on Monday said it has secured new orders worth Rs 380 crore. The current order book of the company has reached Rs 1,400 crore, MAN Industries (India) said in a statement. The current order book is to be executed within the next six months, it added. Shares of the company surged by more than 9 per cent to hit a 52-week high of Rs 256.80 on BSE following the announcement. Around 1.24 lakh shares were traded on the exchange. On NSE, the stock surged 9.51 per cent to hit a year high of Rs 257.30 as more than 14 lakh shares changed hands on the exchange. Shares of the company were trading 6.98 per cent higher at Rs 250.75 on BSE and 6.38 per cent higher at Rs 249.95 on NSE in the pre-close session. MAN Industries (India) Chairman R C Mansukhani said that these new order wins will further solidify the company's role as a significant contributor to the nation's growth and development. MAN Industries (India) is one of the largest players in LSAW (longitudinal .

Man Industries (India) Ltd on Monday settled with capital markets regulator Sebi a case concerning alleged delayed and inadequate disclosure regarding the initiation of a forensic audit. The matter was settled after the company paid Rs 8.79 lakh towards the settlement amount, according to an order passed by the Securities and Exchange Board of India (Sebi). The order came after the company filed an application with Sebi, requesting the settlement of the adjudication proceedings initiated through a show-cause notice in August last year. "Specified proceedings initiated against the applicant (Man Industries) vide Show Cause Notice dated August 3, 2022 are disposed of in terms... of the Settlement Regulations on the basis of the settlement terms," Sebi said in its order. The regulator had initiated a forensic audit in respect of Man Industries for the financial years 2014-15 to 2020-21. The receipt of the intimation was acknowledged by the applicant through an email dated November 25,

Pipe maker MAN Industries (India) Ltd on Tuesday reported more than doubling of its consolidated net profit to Rs 27.28 crore for the quarter ended September 30

The company had posted a net profit of Rs 3.63 crore during the same period a year ago

The stock locked in upper circuit of 20% at Rs 110, also its 52-week high on the BSE, after the company received order worth of Rs 925 crore from GAIL (India).

The court, meanwhile, kept all contentions of both brothers for arbitration open. The cost of arbitration needs to be borne by both brothers equally, the court ordered