Man Infraconstruction Ltd Share Price – NSE  / BSE

Construction, Small Cap

Man Infraconstruction announced the acquisition of an ultra-luxury sea-view residential development located off Bandstand, Bandra West, Mumbai. This acquisition further strengthens MICL Group's presence in one of Mumbai's most prestigious and tightly held residential micro-markets.

Strategically located off Bandstand, Bandra West, the newly acquired project is expected to have an estimated GDV of Rs 1,000+ crore and will be positioned as ?The One & Only' within our MS Collection Residences vertical ? a boutique sea-view residential offering catering to the premium luxury segment.

With this addition, MICL Group's total real estate portfolio now stands at an estimated GDV of over Rs 18,575+ crores, while the launch pipeline for FY27 has expanded to nearly Rs 6,600+ crores ? the largest launch pipeline in the Company's history.

MICL Group shall hold ~70% stake in the newly acquired off-Bandstand, Bandra West project.

Man Infraconstruction announced that the Board of Directors of the Company at its meeting held on 13 May 2026, inter alia, have recommended the interim dividend of Rs 0.72 per equity Share (i.e. 36%) , subject to the approval of the shareholders.

Man Infraconstruction will hold a meeting of the Board of Directors of the Company on 13 May 2026.

Man Infraconstruction announced the acquisition of development rights of Tardeo Court CHS & Tardeo Apartments CHS and outright purchase of Sethna House located at Tardeo in South Mumbai under the Cluster Redevelopment scheme 33(9).

The new acquisition, ?Tardeo 2.0? comprising approximately 46,000+ sq. ft. of plot area is strategically located along South Mumbai's celebrated Billionaires' address, which will elevate the group's ultra-luxury portfolio.

The proposed development has an estimated sales potential exceeding Rs 2,000 crore over the next 4-5 years.

The Aaradhya Avaan project at Tardeo, the Tardeo 2.0 project, and the Marine Lines development; these three marquee South Mumbai projects together represent an estimated sales potential exceeding Rs 8,000 crore.