Board approves Rs 1 interim dividend, Q1 results, new MD and CEO
MANAPPURAM · price
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On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.9 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved Q1 FY27 unaudited results and declared an interim dividend of Rs 1 per share (50 percent on face value Rs 2). Record date is August 17, 2026. Also approved borrowing limit increase to Rs 1 lakh crore via NCDs and CPs. Ashish Singh named new MD and CEO from Jan 1, 2027; V.P. Nandakumar continues as MD and Chairman till Dec 31, 2026, then becomes Non-Executive Chairman. Group booked extra ECL provision of Rs 125.25 crore; subsidiary Asiruad Micro Finance missed RBI qualifying asset norms.
Interim dividend rewards shareholders; new MD and CEO from banking background. Large borrowing limit hike signals growth plans but adds leverage.