Manappuram Finance Limited’s Board of Directors convened on August 11, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also declared an interim dividend of ₹1 per equity share (face value ₹2). Additionally, the company announced plans to enhance its borrowing limits to ₹1,00,000 crores through the issuance of Non-Convertible Debentures/Bonds and Commercial Papers, subject to shareholder approval.
Financial Results and Dividend Declaration
Manappuram Finance Limited announced the outcomes of its Board of Directors meeting held on August 11, 2026. The board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. A key highlight from the meeting was the declaration of an interim dividend of ₹1/- (Rupee One only) per equity share, with a face value of ₹2/- each, representing a 50% payout. The dividend will be paid/dispatched to shareholders whose names appear as beneficial owners or members by the end of business hours on Monday, August 17, 2026, which is also designated as the Record Date.
Fundraising and Borrowing Limit Enhancement
In a significant move to support future growth and operations, the company’s Board also approved the enhancement of its borrowing limits to ₹1,00,000 crores. This enhancement will be facilitated through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers. This proposal is subject to the approval of the shareholders under Section 180(1)(c) of the Companies Act, 2013.
Key Board Appointments and Disclosures
The Board also approved the appointment of Mr. Ashish Singh as the Managing Director & Chief Executive Officer for a period of five years, effective January 01, 2027, pending shareholder approval. Furthermore, 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, was confirmed. The meeting also covered disclosures related to the utilization of proceeds from commercial papers and non-convertible securities, as well as security cover, in compliance with SEBI regulations.
Enclosed Documents
The intimation includes enclosures such as the audited financial results, limited review reports, and detailed disclosures pertaining to the above-mentioned decisions, prepared in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
