NSEPress Release24 Jun 2026 · 24 Jun 2026, 12:39 pm

Press Release

Man Infraconstruction Limited · MANINFRA

✦ AI Summary▲ PositiveExpansion

Man Infraconstruction Limited has secured Intimation of Approval (IOA) for its Tardeo 2.0 project, a ₹2,000+ crore GDV project, marking a key development milestone.

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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment9/10

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Man Infraconstruction Limited has informed the Exchange regarding a press release dated Jun 24, 2026, titled MICL Group secures IOA for Tardeo 2.0, Marking Key Development Milestone for Rs. 2,000+ Crore GDV Project ".

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EPC REAL ESTATE MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) Date: June 24, 2026 To, To, The Listing Department The Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Sandra Kurla Complex, P. J. Towers, Dalal Street, Bandra (East), Mumbai - 400 051 Mumbai - 400 001 Symbol: MANINFRA Scrip Code: 533169 Sub.: Press Release - Disclosure under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Dear Madam/ Sir, Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Press Release titled "MICL Group secures JOA for Tardeo 2. 0, Marking Key Development Milestone for Rs. 2,000+ Crore GDV Project". The copy of the same is enclosed herewith for your records. The same will also be placed on the Company's website. Kindly take the same on records. Thanking you, Yours faithfully, For Man Infraconstruction Limited Durgesh Dingankar Company Secretary Membership No.: F7007 Encl.: As above L I E B E T T E R 12'h Floor. Krushal commer~ial Compl_ex, G.M. Road, Chemb~r (west), Mumbai - 400 089, India ~i1·~r~ D +91 22 4246 3999 I DI off1ce@maninfra.com I IJ www.m1clgroup.com I www.maninfra.com ~~ . ~ L!Ji..r;;:;: - MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) .egami detareneg-IA MMIICCLL GGRROOUUPP UUNNLLOO CCKKSS NNEEXXTT CCHHAAPPTTEERR OOFF LLUUXXUURRYY LLIIVVIINNGG AATT TTAARRDDEEOO TA R D E O, SOU T H M U M B A I MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) .egami detareneg-IA .egami detareneg-IA MILESTONE. MOMENTUM. MAGNITUDE. MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) P R E S S R E L E A S E MICL GROUP SECURES IOA FOR TARDEO 2.0, MARKING KEY DEVELOPMENT MILESTONE FOR ₹2,000+ CRORES GDV PROJECT Mumbai, 24th June 2026: Man Infraconstruction Limited (“MICL Group”) is pleased to announce that it has secured Intimation of Approval (IOA) for its Tardeo 2.0 project located in South Mumbai. Commenting on the development, Mr. Manan Shah, Managing Director, MICL Group, said: "This milestone marks an important milestone, in advancing Tardeo 2.0 one of our marquee South Mumbai developments. The approval enables progression towards vacating premises, preparation for demolition and obtaining requisite approvals ahead of launch. With an estimated Gross Development Value (GDV) exceeding ₹2,000 crores, the project is planned for launch in FY27. Aggregating approximately 46,000+ sq. ft. of plot area and located at one of South Mumbai’s most established and premium residential addresses, the development further strengthens our presence in this strategic micro-market. Together with Aaradhya Avaan and our Marine Lines project, these marquee South Mumbai developments represent cumulative GDV potential exceeding ₹8,000 crores and provide strong visibility for our growth pipeline over the coming years." The Tardeo 2.0 project will be developed through Man Aaradhya Infraconstruction LLP, in which MICL Group holds about 50.5% equity stake. 12th Floor, Krushal Commercial Complex, G.M. Road, Chembur (West), Mumbai - 400 089, India T +91 22 4246 3999 E office@maninfra.com W www.miclgroup.com | www.maninfra.com Scan know more MAN INFRACONSTRUCTION LIMITED (CIN: L70200MH2002PLC136849) CONTACT DETAILS: MAN INFRACONSTRUCTION LIMITED GO INDIA ADVISORS Mr. Yashesh Parekh Mr. Rajat Gupta D.G.M. – Investor Relations & Associate Vice President Corporate Finance Email: rajat@goindiaadvisors.com Email: yashesh@maninfra.com Mob: +91 99718 97739 Mob: +91 81083 21555 www.goindiastocks.com www.maninfra.com ABOUT MAN INFRACONSTRUCTION LIMITED: Maninfra (NSE - MANINFRA, BSE - 533169) reported consolidated Total Income of Rs. 1,231 Crores and Net Profit of Rs. 283 Crores for the financial year ended 31st March, 2025. It is a net cash positive company at consolidated levels as on March 2025. The company is headquartered in Mumbai having two business verticals viz., Construction and Real Estate Development. MANINFRA is an integrated EPC (Engineering, Procurement and Construction) company with nearly six decades of experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments with projects spanning across India. As a Real Estate Developer, MICL Group has delivered several residential projects in Mumbai and is recognized for its superior quality construction and timely project delivery. The Company has extensive experience in construction management and has inherent skills and resources to develop and deliver Real estate projects. For more information, please visit www.maninfra.com / www.micl.com SAFE HARBOR: Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Enquiry: sales@miclgroup.in