Manappuram Finance Limited , a prominent player in the Indian financial services sector, has taken a significant step towards expanding its global funding capabilities. The company's financial and resources management committee has approved the conversion of its existing euro medium term note programme into a global medium term note (GMTN) programme, with plans to issue senior secured notes up to $2 billion.

Key Highlights

• Programme Conversion: Manappuram Finance has updated its existing euro medium term note programme to a global medium term note programme.
• Issuance Limit: The company plans to issue senior secured notes up to $2 billion under the GMTN programme.
• Regulatory Compliance: The issuance will be subject to market conditions and regulatory compliance.
• Note Offering: The notes will be issued pursuant to Regulation S and Rule 144A of the U.S. Securities Act of 1933.

Committee Approvals

The financial and resources management committee of Manappuram Finance's board of directors has approved several key aspects of the GMTN programme:

1. Execution of definitive documents related to the GMTN programme and issuance of notes.
2. Special consolidated financial statements for disclosure in transaction documents.
3. Delegation of authority to company officers for implementation of the programme.

Offering Details

Manappuram Finance has stated that a preliminary offering circular and other related documents will be made available to prospective investors. It's important to note that the notes will not be offered or sold in India.

Market Impact

This move by Manappuram Finance to establish a $2 billion GMTN programme signifies the company's ambition to tap into global capital markets. The successful implementation of this programme could potentially enhance the company's financial flexibility and support its growth strategies.

Investors and market watchers will likely keep a close eye on how this development unfolds, as it could have implications for Manappuram Finance's future funding mix and expansion plans.

As the company moves forward with this initiative, it will be crucial to monitor market conditions and regulatory compliance, which will play a significant role in the successful issuance of these notes under the newly approved GMTN programme.

Manappuram Finance Limited , a prominent player in the Indian financial services sector, has announced a significant leadership transition. Deepak Reddy has officially assumed the role of Chief Executive Officer (CEO) at the company, effective August 1, 2025. This appointment marks a new chapter in Manappuram Finance's corporate governance structure.

Leadership Transition

The appointment of Deepak Reddy as CEO was initially disclosed to the stock exchanges on May 9, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's board of directors had strategically planned this transition, setting August 1, 2025, as the effective date for Mr. Reddy to take the helm as CEO.

Changes in Executive Roles

Concurrent with Deepak Reddy's appointment, the company has also announced modifications to the role of V P Nandakumar, a key figure in Manappuram Finance's leadership:

• V P Nandakumar's designation has been changed from "Managing Director & CEO" to "Managing Director".
• This change became effective on July 31, 2025, at the end of business hours.
• Nandakumar will continue to serve as the Managing Director of Manappuram Finance Limited.

Reporting Structure

In the new organizational structure:

• Deepak Reddy, as the new CEO, will report directly to V P Nandakumar, the Managing Director.
• This arrangement ensures continuity in leadership while introducing fresh perspectives at the executive level.

Corporate Governance and Transparency

Manappuram Finance has promptly communicated these changes to the relevant stock exchanges, including:

• BSE Limited
• National Stock Exchange of India Limited
• India International Exchange (IFSC) Ltd

This timely disclosure aligns with the company's commitment to transparency and adherence to regulatory requirements.

The appointment of Deepak Reddy as CEO, coupled with the continued involvement of V P Nandakumar as Managing Director, signals Manappuram Finance's focus on blending experienced leadership with new executive talent. As the company moves forward under this new leadership structure, stakeholders will be keenly watching how this transition influences the company's strategic direction and operational performance in the competitive financial services landscape.