Manappuram Finance Limited has concluded its comprehensive board meeting on March 30, 2026, approving multiple strategic initiatives including a ₹74 billion borrowing program, senior management appointment, and significant subsidiary investments. The decisions mark substantial progress in the company's capital planning, leadership strengthening, and subsidiary growth strategy.

Board Meeting Comprehensive Outcomes

The Board of Directors meeting held on March 30, 2026, from 5:00 PM to 6:30 PM, addressed four major agenda items under Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Manoj Kumar V R communicated the outcomes through reference number SEC/SE/225/2025-26.

Approved Borrowing Program for FY2026-27

The board has sanctioned a comprehensive borrowing program worth up to ₹7,400 crore for Financial Year 2026-27. The program encompasses redeemable non-convertible debentures through private placement and public issue mechanisms, providing substantial flexibility for the company's funding requirements.

Borrowing Program Structure

Senior Management Appointment

Based on the Nomination, Compensation and Corporate Governance Committee's recommendation, the board appointed Mr. Narayanan Easwaran as Group Chief Technology Officer and Senior Management Personnel, effective March 30, 2026.

New CTO Profile and Expertise

Mr. Narayanan Easwaran brings over 25 years of banking technology and digital transformation experience. His professional background includes leadership roles at Equitas Small Finance Bank, IDFC First Bank, ICICI Bank, and Kotak Mahindra Bank. As Group CTO, he will provide strategic technology leadership, strengthen digital capabilities, and support the company's growth and transformation objectives.

Subsidiary Investment Approvals

The board approved significant investments in two key subsidiaries to support their capital expenditure and working capital requirements.

Asirvad Micro Finance Limited Investment

Manappuram Home Finance Limited Investment

Strategic Impact and Implementation

The approved initiatives collectively represent a significant capital deployment strategy. The ₹7,400 crore borrowing program provides substantial financial flexibility, while the subsidiary investments totaling ₹9.41 billion will strengthen the micro finance and home finance verticals. The appointment of an experienced technology leader aligns with the company's digital transformation objectives.

With regulatory compliance maintained through proper notifications to NSE, BSE, and India International Exchange (IFSC) Ltd, Manappuram Finance can now proceed with implementing these strategic decisions as market conditions and business requirements dictate.

Manappuram Finance Limited has issued a formal notice regarding the mandatory transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority, as per regulatory requirements for unclaimed dividends spanning seven consecutive years or more.

Regulatory Compliance and Notice Publication

The company published the notice on March 20, 2026, in Mathrubhumi (Thrissur Edition) and Business Line (All India Edition), fulfilling its obligations under the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. These rules, notified by the Ministry of Corporate Affairs and effective from September 7, 2016, mandate the transfer of shares with unclaimed dividends to the IEPF Authority.

Affected Shareholders and Timeline

The company has proactively communicated with shareholders whose shares are liable for transfer and uploaded comprehensive details on its official website. Shareholders are advised to verify their status and take necessary action within the stipulated timeframe.

Share Certificate Impact and Procedures

For shareholders holding physical share certificates, the original certificates will automatically become cancelled and non-negotiable upon transfer to IEPF Authority. The company will issue Corporate Action instructions to depositories for shares held in DEMAT form. The details uploaded on the company website serve as adequate notice for the transfer process under the applicable rules.

Recovery Process and Contact Information

Shareholders can reclaim both unclaimed dividends and transferred shares from IEPF Authority by following prescribed procedures under the rules. All benefits accruing on such shares remain claimable through the proper channels.

Company Response Timeline

If no communication is received from concerned shareholders within three months from the notice date, Manappuram Finance Limited will proceed with the transfer of shares to IEPF Authority following the stipulated regulatory procedures. The notice was signed by Company Secretary Manoj Kumar V.R on March 19, 2026, from the company's registered office in Valapad.