Board grants 4.28 lakh ESOP options; defers fund raising plan to lift borrowing limit
MANAPPURAM · price
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Manappuram Finance board granted 4,28,568 stock options under ESOP 2025 to eligible employees and subsidiaries, with exercise price at up to 20 percent discount to market price, vesting over 1 to 5 years. Board deferred a proposal to raise funds via NCDs, bonds and commercial papers to lift borrowing limit to Rs 1,00,000 crore, subject to shareholder approval at AGM. Two senior management personnel reclassified due to internal reporting realignment effective June 23, 2026.
ESOP grant is routine. Deferred borrowing expansion decision delays clarity on debt plan; watch for next board meeting outcome and AGM shareholder vote.