Manappuram Finance Limited has submitted its half-yearly statement of debt securities issued on private placement basis for the period ended March 31, 2025, to stock exchanges including BSE, NSE, and India International Exchange (IFSC) Ltd. The filing was made in compliance with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, and Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021.

Outstanding Debt Securities Portfolio

The company's debt securities portfolio comprises eight separate issuances with varying maturity periods and coupon rates. The total outstanding amount across all securities stands at Rs. 2,750 crore as of March 31, 2025.

Interest Payment Structure

The debt securities feature different payment frequencies based on their terms. Most securities follow an annual payment structure with payment on maturity, while one issuance (INE522D07BX6) operates on a semi-annual or half-yearly payment frequency. All securities are issued without embedded options.

Maturity Profile and Coupon Rates

The securities exhibit a diverse maturity profile spanning from 2026 to 2034. The coupon rates range from 8.00% to 9.50%, reflecting different market conditions at the time of issuance. The highest coupon rate of 9.50% applies to two securities issued in 2020, while the most recent issuances carry rates between 8.00% and 9.10%.

Partial Redemption Activity

One notable aspect of the portfolio is the partial redemption observed in the INE522D07BX6 series. Originally issued for Rs. 600,00,00,000.00 on January 27, 2021, the outstanding amount has been reduced to Rs. 450,00,00,000.00, indicating partial repayment of Rs. 150 crore.

Regulatory Compliance

The statement was signed by Company Secretary Aparna Menon and submitted to all relevant stock exchanges. The disclosure ensures compliance with SEBI regulations governing non-convertible securities and provides transparency regarding the company's debt obligations to investors and regulatory authorities.

Kotak Mahindra Capital Company Limited has disclosed that zero equity shares were tendered in the open offer for Manappuram Finance Limited as of April 10, 2026. The disclosure was made to BSE Limited and the National Stock Exchange of India Limited regarding the ongoing acquisition attempt by BC Asia Investments XXV Limited.

Open Offer Details

The open offer aims to acquire up to 24,42,27,387 fully paid-up equity shares of face value INR 2.00 each from public shareholders. This represents 26.00% of the expanded voting share capital of Manappuram Finance Limited. The acquirer, BC Asia Investments XXV Limited, is working in concert with seven other entities in this acquisition attempt.

Persons Acting in Concert

The acquisition involves multiple entities working together with BC Asia Investments XXV Limited:

• BC Asia Investments XIV Limited (PAC 1)
• BC Asia Investments XXIV Limited (PAC 2)
• BC Asia Investments XXVI Limited (PAC 3)
• BC Asia Investments XXI Limited (PAC 4)
• Bain Capital Asia Fund V, L.P. (PAC 5)
• BC Asia V CTB Investors, L.P. (PAC 6)
• BC Asia V Private Investors, L.P. (PAC 7)

Escrow Account Management

The open offer utilizes an escrow demat account titled "MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT" maintained with Ventura Securities Limited. The account bears depository participant identification number IN303116 and client identification number 15544837 with PAN: AABCM6882E. The disclosure was based on the account statement received as at 16:49:30 on April 10, 2026.

Regulatory Framework

Kotak Mahindra Capital Company Limited clarified that tendered shares will be subject to validation and verification of complete documentation. The acceptance of validly tendered shares will follow SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026. The number of shares tendered may differ from those ultimately accepted by the acquirer in the open offer process.