NSEAnalysts/Institutional Investor Meet/Con. Call Updates4d ago · 26 Aug 2026, 05:18 pm
Analysts/Institutional Investor Meet/Con. Call Updates
Man Infraconstruction Limited · MANINFRA
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Man Infraconstruction Limited has informed the Exchange about Transcript of Q1 FY27 Virtual Analyst Meet held on Friday, August 21, 2026.
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Growth Catalyst6/10
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Balance Sheet Risk3/10
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Man Infraconstruction Limited has informed the Exchange about Transcript of Q1 FY27 Virtual Analyst Meet held on Friday, August 21, 2026.
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EPC REAL ESTATE
MAN INFRACONSTRUCTION LIMITED
(CIN: L70200MH2002PLC136849)
August 26, 2026
The Listing Department The Corporate Relationship Department
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Munibai - 400 051, India Dalal Street, Mumbai - 400 001
Symbol: MANINFRA Scrip Code: 533169
Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended) - Transcript
of Ql FY27 Virtual Analyst Meet
Dear Sir/Madam,
This is in furtherance to our letter dated August 18, 2026, intimating about the Ql FY27
Virtual Analyst Me~t.
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (as amended), the transcript of the Ql FY27
Virtual Analyst Meet held on Friday, August 21, 2026 is enclosed.
The aforesaid information is also being uploaded on the Company's websft~ at
https: //www .rnani nfra.c o111/21nalyst-cornerI
Kindly take same on your records.
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
fijm
12•h Floor, Krushal Commer~ial Compl.ex, G.M. Road, Chemb~r (west), Mumbai - 400 089, India ~e
D +91 22 4246 3999 I II off1ce@marnnfra.com I l'1J www.m1clgroup.com I www.maninfra.com
“Man InfraConstruction Limited
Q1 FY27 Virtual Analyst Meet”
August 21, 2026
MANAGEMENT: Mr. Manan Shah – Managing Director
Mr. Ashok Mehta – Director and Group CFO
Mr. Yashesh Parekh – DGM Investor Relations & Corporate Finance
Rajat Gupta (Go India Advisors):
Good afternoon, everyone, and thank you for joining us today. So, on behalf of Go India Advisors, I’d like to
welcome you all to this Virtual Analyst Meet of Man InfraConstruction Limited to discuss the company’s Q1
performance and the growth outlook. Before we begin, a quick note that this call is being recorded. I’d also like
to remind participants that some of these statements made during this call may be forward-looking. And actual
results could differ from these statements. The format for today’s session: we’ll have a short presentation from
the management covering the company’s performance and the growth story. Following which we’ll start with
the Q&A.
So, anyone who has a question can raise the Hand functionality or use the chat box to submit their questions.
Now I’ll hand over the call to Mr. Yashesh Parekh from MICL. So, over to you, sir.
Yashesh Parekh (DGM Investor Relations & Corporate Finance, MICL):
Thank you, Rajat, and thank you Go India for hosting MICL. So, we have today with us, Mr. Manan Shah, the
managing director of MICL Group. Also have with us Mr. Ashok Mehta, the director and group CFO. Before
starting the discussion, I would like to inform you that we will keep this discussion strategic in nature, and any
kind of questions you have which are data-related or data- specific, you can get back to me, post the con call. I
would like to hand over to Mr. Manan Shah for his discussion.
Manan Shah (MD, MICL):
Thank you. Good afternoon, everyone. And thank you for joining us today for one of the first Zoom discussions
that we are having for the conference call for the first quarter of FY27. I would like to start and mention that
the first quarter of FY27 started on a very strong note. And, you know, MICL Group has delivered across
various parameters regarding the project execution, new launches, and also securing approvals for many of its
upcoming projects. The company also delivered a strong quarter on financial performance. I shall elaborate
that in the upcoming speech. And while continuing to strengthen its balance sheet as well.
So, let me first begin by sharing some key highlights of the quarter. We would be addressing this as per our
Indian and overseas portfolio. And in India, MICL’s real estate portfolio is spread across Mumbai spanning
across western suburbs, central suburb, eastern suburb, and South Mumbai as well.
Starting off with our Western suburbs portfolio with our Mira-Bhayendar project, we have now expanded into
the location after delivering the first project which we did a couple of years back, which was Aaradhya High
Park.
Then we launched the phase two, which is called the Aaradhya Parkwood and in Aaradhya Parkwood, we have
achieved a significant milestone in this quarter where 50% of the project of Aaradhya Parkwood, which is
Tower C and Tower D, has received its occupation certificate. This project is near Dahisar Check Naka. And,
it’s a 35 stories residential tower where there were four towers in total, out of which, two have been delivered
now. Aaradhya Parkwood’s development comprises of 5.3 lakh square feet carpet area and is spread over 1000
units. And the sales potential was around ₹925 crores. And we have witnessed exceptional response over these
past couple of years where 90% of the inventory in this project has already been sold, which was driven through
thoughtful designs and strong trust which the customer holds in our brand.
The construction of the balance two towers is underway, and we shall be completing the project by end of next
year. So, this marks a significant milestone for us at Mira-Bhayendar, where the first six towers of the phase
one was delivered, which was Aaradhya High Park, and now two more towers have been delivered at Aaradhya
Parkwood and the rest, the final two towers shall be delivered by next year. 90% of the inventory of the overall
sales has been achieved of all four towers.
Moving on towards our Vile Parle project, which is Jade Park. One of the first and flagship projects of SV
Road, Vile Parle is to become a gated community and get approval under the cluster redevelopment policy.
This is spread across 3.5 lakh square feet of carpet area, and here we are happy to announce that we’ve already
sold more than 60% of the inventory of the total project. This project is as per its schedule and is moving
steadily. By next year this time, we would be completing almost 100% RCC of Jade Park project and the
customer response has been very, very strong. And the momentum is constant regarding the Jade Park project
at Vile Parle.
Moving forward towards our Bandra portfolio, another important highlight of the quarter which happened was
we successfully launched our ultra luxury portfolio project called Marina Vista, which is located at Pali Hill.
And this would also be part of our MS collection, which is the ultra-luxury portfolio of Man InfraConstruction
Limited’s real estate project division. This project received an overwhelming response at launch and within a
short period of time, we received RERA registration. Now, the project has already sold 30% of its total
inventory. We just launched this project in June. So, in just two months’ time, we have received 30% bookings
and the total potential of this project is approximately around ₹500 crores. Marina Vista is MICL’s second
project launch in Bandra following our BKC project, which was called Artek Park, which was earlier launched
this year in the start of 2026.
And we have also received a good response from the home buyers in this project as well, where we have sold
more than 25% of the total inventory on the BKC project as well. Such sales velocity demonstrates the constant
demand in the market and the trust which the homebuyers have been placing onto us. So, we believe that the
Bandra micro market is commanding a good momentum by the customers. We want to continue increasing our
portfolio in this location. So, you know, Bandra has been a location where we’ve received good response
starting from BKC and Pali Hill.
So, MICL’s brand journey continued forward and in this quarter, we even secured a brand new project at Mount
Mary. And we’ve already received IOA for the same, which is intimation of approval for the project. The
project is called Berkeley House,
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