Manappuram Finance Limited’s Board of Directors, in its meeting on August 11, 2026, declared an interim dividend of ₹1 per equity share. The board also approved the enhancement of the company’s borrowing limits to ₹1,00,000 crore, subject to shareholder approval. Additionally, the unaudited financial results for the quarter ended June 30, 2026, were approved.
Board Approves Interim Dividend
The Board of Directors of Manappuram Finance Limited, in its meeting held on August 11, 2026, has declared an interim dividend of ₹1/- (Rupee One only) per equity share. This dividend is for the financial year 2026-27, with a face value of ₹2/- per share. The record date for the payment of this interim dividend has been fixed as Monday, August 17, 2026.
Proposed Borrowing Limit Enhancement
In a significant move to fuel future growth, the Board has also approved the enhancement of the company’s borrowing limits to ₹1,00,000 crores (Rupees One Lakh Crores). This proposed increase will be achieved through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers. This enhancement is subject to the approval of the shareholders under Section 180(1)(c) of the Companies Act, 2013.
Financial Results and Other Approvals
The Board has approved the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026. Furthermore, the appointment of Mr. Ashish Singh as the Managing Director & Chief Executive Officer for a five-year term, effective January 01, 2027, was approved, pending shareholder consent. 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 noted.
Fund Raising and Disclosures
The company also disclosed details regarding the utilization of proceeds from commercial papers and non-convertible securities. Security cover certificates for the quarter ended June 30, 2026, were submitted, confirming compliance with regulatory requirements. The company also provided statements on the utilization of issue proceeds of non-convertible securities and any deviation or variation therein.
Source: BSE
