MAN Industries Allots 2.5 Million Shares to Promoter Group

30 May 2025 CW Team

MAN Industries (India) Limited has allotted 2.5 million equity shares of face value Rs five each to Man Finance Private Limited (MFPL), a Promoter Group entity, upon conversion of warrants. The allotment was approved on May 28, 2025, following the Board's initial approval on December one, 2023.

The preferential allotment was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and the Companies Act, 2013. As a result, MFPL's shareholding has increased from 6.47 million shares (9.99 per cent) to 8.97 million shares (13.34 per cent).

This has also raised the overall Promoter and Promoter Group's shareholding in the company from 29.91 million shares (46.21 per cent) to 32.41 million shares (48.21 per cent). The newly issued shares will rank pari-passu with existing equity shares.

MAN Industries is a leading manufacturer of large diameter carbon steel line pipes, serving sectors such as oil and gas, water, fertilisers, and city gas distribution. It is currently expanding capacity, including a Rs six billion plant in Dammam, Saudi Arabia.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..