Man Infraconstruction Ltd

We hereby inform you that the Board of Directors of the Company at their Meeting held today inter-alia considered and approved Raising of funds through issue and allotment of up to 35505000 warrants being each warrant convertible into 1 (one) Equity Share of the face value of Rs. 2/- each to certain non-promoter investors on preferential basis at issue price of Rs. 155/- including premium of Rs. 153/- each per warrant aggregating upto maximum amount of Rs. 5503275000/- subject to the approval of regulatory/ statutory authorities and from the Shareholders of the Company at ensuing General Meeting.