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An announcement from Man Industries (India) Limited ( (IN:MANINDS) ) is now available.
Man Industries (India) Limited has resolved a long-standing issue with SEBI regarding non-consolidation of its subsidiary and minor compliance lapses from FY2015 to FY2021. The SEBI order, which imposes a ₹25 lakh penalty and restricts the company from trading in other companies’ shares for two years, is not expected to materially impact the company’s operations or financial health. The company reports a robust business outlook with a record order book of ₹4,700 crores, successful asset monetization, and strengthened governance. All capital expenditure projects are on track for completion by Q4 FY26, indicating a positive trajectory for future growth.
More about Man Industries (India) Limited
Man Industries (India) Limited operates in the manufacturing sector, focusing on producing large diameter carbon steel pipes and coating systems. The company serves various sectors including oil and gas, petrochemicals, water, and infrastructure, with a strong market presence in both domestic and international markets.
Average Trading Volume: 34,687
Technical Sentiment Signal: Buy
Current Market Cap: 31.22B INR
Learn more about MANINDS stock on TipRanks’ Stock Analysis page.