Manappuram Finance Limited has scheduled an Extra-ordinary General Meeting (EGM) on July 14, 2026, via video conferencing to seek shareholder approval for the appointment of six directors to its board. The meeting aims to ratify the appointments of two non-executive non-independent directors and four non-executive independent directors, all nominated for a five-year term commencing from May 05, 2026. This board expansion follows the company's adherence to agreements with investors and regulatory approvals from the Reserve Bank of India.

The board proposes to appoint Mr. Rishi Mandawat and Mr. Ashish Arvind Kotecha as Non-Executive Non-Independent Directors. Both individuals were nominated by investors BC Asia Investments XXV Limited and BC Asia Investments XIV Limited pursuant to a securities subscription agreement dated March 20, 2025. Their appointments are subject to shareholder approval via ordinary resolutions and are liable to retire by rotation.

Additionally, the company seeks approval for the appointment of four Non-Executive Independent Directors: Mr. Rajesh Kumar Rathanchand, Mr. Balaji Vijayaraghavan, Mr. Rakesh Bhatt, and Ms. Rosemary Sebastian. These appointments require special resolutions. The nominees bring extensive experience in financial services, risk management, and banking operations. Ms. Sebastian, a former Executive Director of the Reserve Bank of India, offers expertise in regulatory frameworks and financial supervision.

E-Voting and Meeting Details

Shareholders can participate in the meeting through remote e-voting, which will be available from 09:00 AM (IST) on Friday, July 10, 2026, until 05:00 PM (IST) on Monday, July 13, 2026. The cut-off date for determining shareholder eligibility is Tuesday, July 07, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process.

Director Profiles

The resolutions are based on the recommendations of the Nomination, Compensation and Corporate Governance Committee. The independent directors have submitted declarations confirming they meet the criteria of independence under the Companies Act, 2013, and SEBI Listing Regulations. The remuneration for the independent directors will include sitting fees and commissions, subject to regulatory limits.

Manappuram Finance Ltd has appointed Ashish N Chandak as its Chief Compliance Officer effective June 20, 2026, following the completion of tenure of the previous officer. The appointment ensures continuity in the company's compliance leadership as Mr. Issac E. A. stepped down after his tenure as Chief Compliance Officer concluded on June 19, 2026.

Change in Senior Management

The transition in the compliance leadership was detailed in an annexure filed by the company. The document outlines the cessation of the previous officer and the subsequent appointment of the new designate.

Tenure Completion and Appointment

The tenure of Mr. Issac E. A. as Chief Compliance Officer of the company stands completed with effect from June 19, 2026. Consequently, the board has approved the appointment of Mr. Ashish N Chandak to the position.

In his new role, Chandak will hold the additional charge of the office of Chief Compliance Officer alongside his current designation. He will continue to serve as the Group – Chief Compliance Officer and remain a Senior Management Personnel of the company.