Man Industries (India) Limited informed that the Company has received a Settlement Order No. SO/NH/RJ/2023-24/7009 dated 31 July 2023 (Settlement Order) from the Securities and Exchange Board of India in the matter of Show Cause Notice dated 03 August 2022 regarding alleged violations pertaining to Forensic Audit intimation. The settlement terms include payment of an amount of INR 8,79,450 in respect of the Company.

There is no material impact of such a settlement on the financial position of the Company.