Man Industries India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 19, 2009, inter alia, has approved issuance and allotment of 25,00,000 Warrants that are convertible into fully paid up equity shares of face value of Rs 5/- each, on one equity share for every warrant held, within a period of 18 months from the date of allotment, at a price of Rs 35/- per equity share at the option of such warrant holder. The persons to whom the warrants are issued are promoters and persons forming part of the promoters Group.