Manappuram Finance Limited announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved an interim dividend of ₹1 per equity share, with a face value of ₹2 each. The company is also proceeding with plans to enhance its borrowing limits and raise funds through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers, subject to shareholder approval.
Financial Performance and Dividend Announcement
Manappuram Finance Limited has released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Following the board meeting on August 11, 2026, the company declared an interim dividend of ₹1 per equity share. This dividend, with a face value of ₹2 each, represents a 50% payout and will be paid/dispatched to shareholders whose names appear on the register of members by the end of business hours on Monday, August 17, 2026. The record date for this payment is also Monday, August 17, 2026.
Strategic Fund Raising and Borrowing Limits
The Board of Directors also approved the enhancement of the company’s borrowing limits to ₹1,00,000 crore. This will be achieved through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers. This significant move is subject to the approval of the company’s shareholders, as required under Section 180(1)(c) of the Companies Act, 2013.
Key Board Approvals and Disclosures
In addition to financial results and dividend declaration, the board approved several other key items:
- The appointment of Mr. Ashish Singh as the Managing Director & Chief Executive Officer for a period of five years, effective from January 1, 2027, pending shareholder approval.
- The continuation of Mr. V.P. Nandakumar as Managing Director and Chairperson until December 31, 2026, followed by his redesignation as Non-Executive Chairperson from January 1, 2027.
- Variations in the objects related to funds raised through a preferential issue.
- Certificates on the utilization of proceeds from Commercial Papers.
- Disclosures regarding the utilization of proceeds from non-convertible securities and security cover, as per SEBI Listing Regulations.
The company has also submitted various disclosures and reports as required by SEBI regulations, including its unaudited standalone and consolidated financial results along with the Limited Review Reports from its joint statutory auditors.
Source: BSE
