Manba Finance Ltd disclosed that its promoters and promoter group did not create any encumbrance on their shareholdings during the financial year ended March 31, 2026. This declaration was submitted to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The confirmation ensures that the shares held by the key stakeholders remain free from charges, providing clarity to investors regarding the ownership structure.

The disclosure was made by Manish Kiritkumar Shah, Promoter and Managing Director, on behalf of all Promoters, the Promoter Group, and Persons Acting in Concert. The filing confirms that no shares were pledged, directly or indirectly, by these entities throughout FY26. This regulatory filing is significant as it assures the market of the promoters' unencumbered holding status, which is a critical factor for assessing corporate governance and financial stability.

The document also provided a detailed list of the shareholding patterns within the promoter group. The total holding of the Promoters, Promoter Group, and Persons Acting in Concert stands at 37,669,410 shares, representing 74.98% of the company's equity. The majority of this holding is concentrated among the key promoters and specific corporate entities.

Manba Investments and Securities Private Limited holds the largest stake within the group at 27.68%, followed by Manish Kiritkumar Shah with 13.06% and Nikita Manish Shah with 9.96%. Other significant entities include Manba Infotech LLP and Manba Fincorp Private Limited. Several entities listed under the Promoter Group category, such as Ashish Arvind Shah and Celebrity Buildcon LLP, currently hold no shares in the company.

Shareholding Details of Promoters and Promoter Group

Manba Finance Limited has entered into a strategic partnership with Sreesastha (Nammaloan) to expand its vehicle-financing operations into South India. The partnership marks a significant step in the company's national growth strategy, initiating operations in Karnataka and Tamil Nadu within the current financial year. The companies have identified over 100 potential locations across these regions for progressive activation based on market readiness.

Partnership Highlights

The collaboration is underpinned by a leadership team bringing more than 100 years of combined experience in automobile lending, covering origination, credit, collections, and distribution. The partnership will launch Manba Finance's core product suite, including new and used two-wheeler loans, three-wheeler loans, and used car loans. The phased rollout prioritizes building a durable, well-underwritten book over rapid expansion.

Manba Finance's lending platform supports the expansion with in-principle approvals in as little as one minute and a fully digital, paperless customer journey. This capability aims to provide faster decisions and reduced friction for customers and dealer partners in the new markets.

Leadership Perspective

Manish Shah, Managing Director of Manba Finance Limited, emphasized the strategic value of the partnership, noting that the local team's experience combined with Manba's technology provides confidence for the expansion. Monil Shah, Chief Business Officer & Executive Director, highlighted the disciplined approach to building the business state by state. V Gopalakrishnan, Director of Sreesastha Ins-Corp Advisory Private Ltd (Nammaloan), expressed confidence that the tie-up would accelerate high-quality disbursements while upholding service standards.

Company Overview

As of 31 March 2026, Manba Finance reported Assets Under Management (AUM) of over ₹1,700 crore, with a presence across 6 states and 130+ locations. The company serves a network of 1,500+ dealer points supported by 1,800+ employees. The following table summarizes the key details of the partnership and the company's current scale: