Fixed record date as 15th May 2025 for dividend
Awaiting price reaction for this filing.
Manappuram Finance's Board, at its May 9, 2025 meeting, declared an interim dividend of Rs. 0.50 per share (25% on face value of Rs. 2) with May 15, 2025 fixed as the record date. This is in addition to the Rs. 1 per share interim dividend already paid in February 2025, taking total FY25 interim dividends to Rs. 1.50 per share. The Board also approved audited Q4 and FY25 results, with auditors issuing an unmodified opinion. Other decisions include investing up to Rs. 500 crores in subsidiary Asirvad Micro Finance via compulsorily convertible preference shares, revising remuneration for the MD and Executive Director, and appointing new secretarial auditors. The filing notes that RBI's earlier restrictions on Asirvad Micro Finance were lifted in January 2025.
Shareholders holding shares as of May 15, 2025 will receive the Rs. 0.50 per share dividend, adding to the Rs. 1 already paid this year and reinforcing the company's track record of returning cash to investors despite a tough year for its microfinance subsidiary.