ESOP grant, borrowing plan deferred, SMP realignment at Manappuram
MANAPPURAM · price
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Board approved 4,28,568 stock options under ESOP 2025 to eligible employees at a discount of up to 20 percent to market price, vesting over 1 to 5 years. Decision on raising funds via NCDs, Bonds and Commercial Papers up to Rs.1,00,000 Crore was deferred to a later board meeting. Two senior personnel, Mr. Manikandan T.G. (IT) and Mr. Satheesh Kumar M. (Administration), have been reclassified out of the SMP list due to internal reporting realignment; they have not resigned.
ESOP grant is routine. SMP reclassification is internal restructuring, not resignations. Borrowing plan deferred, no immediate capital action.