Page 2 - Man Industries

Man Industries settles forensic audit disclosure lapses case with Sebi

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,

MAN Industries Q2 net profit more than doubles to Rs 27.28 crore

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

Man Industries June-quarter net jumps over four-fold to Rs 17 crore

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

Man Industries zooms 20% on order win of Rs 925 crore from GAIL (India)

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).

Bombay HC appoints arbitrator to resolve Mansukhani brothers' dispute

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