Manappuram Finance Limited , a leading non-banking financial company (NBFC), has announced the withdrawal of a key agenda item from its upcoming 33rd Annual General Meeting (AGM) scheduled for August 14, 2025. The company has decided to remove the proposal to increase the ceiling limit for Foreign Portfolio Investor (FPI) holdings to 74% of its paid-up share capital.

Regulatory Alignment

The decision to withdraw the proposal comes after the company's discovery that existing regulatory provisions already allow for 100% FPI investment in the NBFC sector. According to the company's statement, the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, and the Consolidated FDI policy permit full FPI investment without requiring additional shareholder approval.

Impact on AGM Proceedings

As a result of this withdrawal, the remaining agenda items for the AGM have been renumbered accordingly. The company has issued an addendum to the AGM notice, which forms an integral part of the original notice dated July 11, 2025.

Shareholder Communication

Manappuram Finance has taken steps to ensure all stakeholders are informed of this change:

1. The addendum has been made available on the company's website and the stock exchanges where its securities are listed.
2. A newspaper advertisement will be published on July 25, 2025, in both Malayalam and English languages.
3. The company has requested all concerned parties, including shareholders, stock exchanges, depositories, and regulatory authorities, to take note of this withdrawal.

Voting Implications

The e-voting facility offered by the company will now be enabled for all resolutions pertaining to Agenda Item Nos. 1 to 7 (as renumbered) proposed to be transacted at the AGM. The remote e-voting period is scheduled from August 11, 2025 (9:00 a.m. IST) to August 13, 2025 (5:00 p.m. IST).

Management Commentary

CS Manoj Kumar V R, Company Secretary of Manappuram Finance Limited, stated, "This withdrawal ensures our compliance with the latest regulatory framework while simplifying our AGM proceedings. We remain committed to transparent communication with our shareholders and regulatory bodies."

The withdrawal of this agenda item reflects Manappuram Finance's proactive approach to aligning with regulatory requirements and streamlining its corporate governance processes. Shareholders and investors are advised to refer to the addendum in conjunction with the original AGM notice for a complete understanding of the updated agenda.

Manappuram Finance Limited continues to focus on its core business operations and growth strategies in the evolving financial services landscape.

Manappuram Finance Ltd. witnessed a substantial block trade on the National Stock Exchange (NSE), marking a significant movement in the company's shares. The transaction involved approximately 1.98 million shares, highlighting investor interest in the non-banking financial company (NBFC).

Block Trade Details

A block trade of 1,979,324 shares of Manappuram Finance Ltd. was executed on the NSE. The trade was valued at Rs. 54.36 crores, with each share priced at Rs. 274.65. This transaction represents a notable volume of shares changing hands in a single trade.

Market Implications

Block trades of this magnitude often attract attention from market participants as they can indicate:

• Potential changes in substantial shareholding
• Institutional investor interest or divestment
• Possible strategic moves by large shareholders

While the specific parties involved in the transaction remain undisclosed, such trades can sometimes influence market sentiment and the stock's trading pattern in the short term.

About Manappuram Finance Ltd.

Manappuram Finance Ltd. is a prominent NBFC in India, known for its gold loan business. The company has diversified into various financial services, including microfinance, home and vehicle loans, and SME lending. This block trade may reflect investor perspectives on the company's current market position and future prospects in the competitive financial services sector.

Investors and market analysts will likely monitor any subsequent disclosures or regulatory filings to gain insights into the implications of this significant share transaction for Manappuram Finance Ltd.