Extinguishment of 69,25,000 equity shares consequent to buyback from open market route

Man Infraconstruction has extinguished 69,25,000 fully paid-up equity shares of face value ₹2/- each, bought back from the open market route through the stock exchanges.

Thu 8 Oct 2026

Shares Extinguished

69,25,000 fully paid-up equity shares of face value ₹2/- each

Paid-up Capital After Extinguishment

39,67,41,505 shares (Rs. 79,34,83,010)

Buyback Period

September 9, 2026 to September 30, 2026; shares extinguished on October 07, 2026 through NSDL

What happened

Man Infraconstruction Ltd has extinguished 69,25,000 fully paid-up equity shares of face value ₹2/- each. These shares were bought back from the open market route through the stock exchanges under the company's ongoing buyback, and the extinguishment follows that buyback.

The certificate records the buyback period as September 9, 2026 to September 30, 2026. The shares were extinguished on October 07, 2026 through National Securities Depository Limited (NSDL), in dematerialised form.

Share capital before and after

• Issued, subscribed and paid-up capital before extinguishment: 40,36,66,505 equity shares, amounting to Rs. 80,73,33,010
• Equity shares extinguished in dematerialised form: 69,25,000 shares, amounting to Rs. 1,38,50,000
• Issued, subscribed and paid-up capital after extinguishment: 39,67,41,505 equity shares, amounting to Rs. 79,34,83,010

What extinguishment means

When a company buys back its own shares and then extinguishes them, those shares cease to exist. The number of shares the company has issued comes down, and so does its paid-up share capital. Here, paid-up capital falls by Rs. 1,38,50,000, which is the value of the 69,25,000 shares at ₹2/- each.

With fewer shares in issue, the same business is now divided into a smaller number of shares. Measures such as earnings per share and return on equity are calculated against the reduced share count, so the share count change is worth noting when reading future results.

Verification trail

• NSDL's debit confirmation, letter no. II/CA/COM/109340/2026 dated October 07, 2026, records a debit of 6,925,000.000 equity shares under ISIN INE949H01023, with an execution date of 07/Oct/2026.
• The Registrar and Transfer Agent is MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
• Rathi & Associates, Company Secretaries, issued a limited assurance report stating that nothing came to their attention that causes them to believe that the equity shares bought back under the buyback offer, aggregating to 69,25,000, have not been extinguished.
• The secretarial auditor noted that the number of shares bought back during the period and the number of shares extinguished are equal, and confirmed that the shares extinguished by NSDL tally with the shares debited in the company's depository account.
• All 69,25,000 shares were extinguished in dematerialised form; the table for extinguishment in physical form is marked "Not Applicable".

What to keep in mind

A buyback followed by extinguishment reduces the number of shares outstanding. This update records the extinguishment of shares already bought back from the open market; it does not by itself change the company's business, assets or liabilities.

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