Statement of deviation(s) or variation(s) under Reg. 32
CapitalNotablemateriality 71 out of 100
What happened
FactStatement of deviation(s) or variation(s) under Reg. respect of utilization of funds raised through Preferential Issue of 1219512 Convertible Warrants. to Promoters (Annexure “A”) and Preferential Issue of 7774383 Equity Shares to Non-Promoters.
Why it matters
CapitSignal interpretationShares are issued to named investors at a set price, diluting existing holders and changing who sits on the register.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Order Book
RevisedEarlierFY25
Our order book remains robust at approximately ` 25 billion, with execution expected over the next 6 to 12 months.
NowFY25
In addition, we have built a healthy bid pipeline of nearly ` 150 billion, ensuring sustained revenue visibility and growth momentum for the future.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement mentioned an order book of approximately ₹25 billion, while the current statement highlights a bid pipeline of nearly ₹150 billion, indicating a significant increase in targets.
Watch next
Fact- Who the allottees are
- Issue price versus market price
- Lock-in period on the new shares
- FY27 Revenue Guidance: On track to achieve our revenue guidance of ~₹5,000 crore for FY27 with an EBITDA margi (management committed by FY27)
- Our order book remains robust at approximately ` 25 billion, with execution expected over the next 6 to 12 mon (management committed by H1 FY26)
Evidence
- Man Industries (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · FY26
How CapitSignal classified this
- Reasoning:
- PREFERENTIAL_ALLOTMENT base 66; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%