Board approves 4.28 lakh ESOP grants; defers fundraise decision
MANAPPURAM · price
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On June 23, 2026, the board of Manappuram Finance approved grant of 4,28,568 stock options to eligible employees and subsidiaries under ESOP 2025. Exercise price is up to 20 percent discount to market price, with vesting between 1 and 5 years. The board deferred a proposal to raise funds via listed NCDs, bonds and commercial papers to enhance borrowing limits to Rs 1,00,000 crore, pending shareholder approval at the AGM. Two personnel, Mr Manikandan T.G. and Mr Satheesh Kumar M., were reclassified out of SMP due to internal reporting changes.
Mild equity dilution from ESOPs. Fundraise deferred, removing near-term overhang. SMP changes are purely administrative.