Manappuram Finance Limited’s Board of Directors has approved an interim dividend of ₹1 per equity share and a significant enhancement of its borrowing limits to ₹1,00,000 crore. The dividend is set for payment on August 17, 2026. The increased borrowing capacity will be achieved through instruments like Non-Convertible Debentures and Commercial Papers, subject to shareholder approval. The board also approved the unaudited financial results for the quarter ended June 30, 2026.
Interim Dividend Declared and Financials Approved
Manappuram Finance Limited announced today that its Board of Directors, in a meeting held on August 11, 2026, has declared an interim dividend of ₹1/- (Rupee One only) per equity share of face value ₹2/- each. The record date for this dividend payment has been set as Monday, August 17, 2026. The Board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
Enhanced Borrowing Capacity
In a move to strengthen its financial flexibility, the company’s borrowing limits are proposed to be enhanced to ₹1,00,000 crores. This will be facilitated through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers. This proposed enhancement is subject to the approval of the shareholders as per Section 180(1)(c) of the Companies Act, 2013.
Leadership Appointments
The Board also approved 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. Additionally, the continuation of Mr. V.P. Nandakumar as Managing Director and Chairperson until December 31, 2026, and his subsequent redesignation as Non-Executive Chairperson from January 1, 2027, were also approved.
Other Disclosures
The company also disclosed information regarding the utilization of proceeds from Commercial Papers and Non-Convertible Debentures, along with the security cover for its listed Non-Convertible Debentures as of June 30, 2026.
Source: BSE
