Manappuram Finance Limited received shareholder approval for the appointment of six directors to its board during an Extra-Ordinary General Meeting (EGM) held on July 14, 2026. The resolutions sought to strengthen the company's governance framework and strategic capabilities following a strategic investment by BC Asia Investments XXV Limited and BC Asia Investments XIV Limited. The voting process, conducted via remote e-voting and electronic voting during the meeting, saw a total of 683,312,404 votes polled across all resolutions, with an overwhelming majority in favour of the appointments.

The EGM was chaired by Mr. V. P. Nandakumar, Chairman and Managing Director. The company engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting facility, which was open from July 10, 2026, to July 13, 2026. CS Suresh M. V., FCS, Senior Partner at SMS & Co Company Secretaries LLP, served as the Scrutinizer for the voting process.

Resolutions Passed

The members approved the appointment of the following directors:

Voting Results

All six resolutions were passed with the requisite majority. The appointment of Mr. Rishi Mandawat received 99.96% assent, with 683,005,556 votes in favour and 306,848 against. Mr. Ashish Arvind Kotecha's appointment secured 99.78% assent, with 681,787,958 votes in favour and 1,524,446 against. The four special resolutions for the appointment of independent directors also passed comfortably, with assent percentages ranging from 99.95% to 99.997%.

The consolidated voting results and the Scrutinizer's Report will be submitted to the stock exchanges and made available on the company's website within the prescribed timelines.

Manappuram Finance has accepted the resignation of its Chief Executive Officer, Deepak Reddy, effective December 31, 2026. The executive stepped down to pursue other personal and professional interests, marking a significant leadership transition at the non-banking financial company.

Leadership Transition Details

Deepak Reddy submitted his resignation via email on July 03, 2026. The company confirmed that he will be relieved from his duties at the close of business hours on December 31, 2026. During this interim period, Reddy will be on garden leave.

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the resignation letter has been enclosed as part of the regulatory filing.