Manappuram Finance Limited has announced key leadership changes following its board meeting held on January 29, 2026. The company disclosed significant transitions in its Company Secretary and Compliance Officer position, marking an important development in its corporate governance structure.

Current Company Secretary Resignation

Mr. Manoj Kumar VR, the current Company Secretary and Compliance Officer, has submitted his resignation from the position. He tendered his resignation through a letter dated January 28, 2026, citing his intention to pursue an independent career outside the organization. The Board of Directors has accepted his resignation, and he will be relieved from his responsibilities with effect from the close of business hours on March 31, 2026.

New Appointment Details

The board has approved the appointment of Ms. Aparna Menon as the new Company Secretary following recommendations from the Nomination, Compensation and Corporate Governance Committee. The transition timeline has been structured as follows:

Professional Background of Ms. Aparna Menon

Ms. Aparna Menon brings substantial experience to the role, having initially joined Manappuram Finance Limited on March 1, 2017, as Senior Manager – Secretarial. She was subsequently transferred to Asirvad Micro Finance Limited on October 27, 2020, where she currently serves as Company Secretary in the grade of Chief Manager.

Her professional qualifications and experience include:

• Qualified Company Secretary (CS)
• Master's Degree in Business Law
• B.Com (CS) and Post Graduate Diploma in Fintech
• Approximately 11 years of professional experience from May 2014 to May 2025
• Expertise in Corporate Secretarial, Compliance, Governance, and Regulatory Affairs

Previous Experience and Responsibilities

Before her tenure with the Manappuram group, Ms. Menon worked with Prestige Mysore Retail & Ventures Private Limited as Company Secretary, handling statutory compliances, board processes, corporate governance matters, and regulatory liaison. During her time with Manappuram Finance Limited and Asirvad Micro Finance Limited, she has been responsible for statutory and regulatory compliance, board and committee coordination, governance documentation, and compliance with RBI and other regulatory requirements applicable to NBFCs and MFIs.

Board Meeting Details

The board meeting that approved these changes was held on January 29, 2026, commencing at 10:00 a.m. and concluding at 3:50 p.m. The company has communicated these developments to BSE Limited, National Stock Exchange of India Limited, and India International Exchange (IFSC) Ltd in compliance with Regulation 30 of the SEBI Listing Regulations, 2015.

Manappuram Finance Limited's Board of Directors has approved an interim dividend of Rs 0.50 per equity share, representing 25% on the face value of Rs 2 each, with the record date set for February 6, 2026. The announcement came alongside the company's unaudited financial results for the quarter and nine months ended December 31, 2025.

Financial Performance Overview

The company's consolidated financial results for Q3FY26 showed mixed performance compared to the previous year. Net profit for the quarter declined to Rs 238.54 crores from Rs 278.46 crores in Q3FY24, representing a decrease from the prior year period.

Nine Months Performance

For the nine months ended December 31, 2025, the consolidated results showed total income of Rs 6,899.12 crores compared to Rs 7,711.69 crores in the corresponding period of the previous year. Net profit for the nine-month period was Rs 588.34 crores against Rs 1,407.04 crores in the previous year.

Segment Performance

The company operates through two main segments - Gold loan and others, and Micro Finance. The Gold loan segment generated revenue of Rs 2,057.56 crores in Q3FY26 compared to Rs 1,897.17 crores in Q3FY24. The Micro Finance segment reported revenue of Rs 301.33 crores versus Rs 665.46 crores in the previous year quarter.

Standalone Results

On a standalone basis, Manappuram Finance reported better performance with net profit of Rs 381.15 crores for Q3FY26 compared to Rs 453.39 crores in Q3FY24. Total income on standalone basis was Rs 1,921.88 crores for the quarter.

Dividend Details

The interim dividend will be paid to shareholders whose names appear as beneficial owners at the end of business hours on February 6, 2026, in the records of NSDL and CDSL for shares held in electronic form. For physical shares, the dividend will be paid to members whose names appear in the Register of Members as of the record date.

This marks the second interim dividend declared by the company for FY26, as the Board had previously declared an interim dividend of Rs 0.50 per share in October 2025, which was subsequently paid.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34 and comply with SEBI Listing Regulations. The company's joint statutory auditors, KKC & Associates LLP and Chokshi & Chokshi LLP, have conducted limited reviews and provided unmodified conclusions on the financial results.

Source: