Manappuram Finance Limited has informed the Exchange regarding 'Reviewed and amended Manappuram Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information .'.
MANAPPURAM · price
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The Board of Manappuram Finance met on May 9, 2025 and approved audited Q4 and FY25 results (standalone and consolidated), declared an interim dividend of Rs. 0.50 (25%) per share on a face value of Rs. 2, with a record date of May 15, 2025. On a consolidated basis, FY25 total income rose to Rs. 10,074.94 crore (vs Rs. 8,920.09 crore in FY24), but profit before tax fell sharply to Rs. 1,665.63 crore (vs Rs. 2,959.51 crore), and Q4 FY25 slipped into a consolidated PBT loss of Rs. 235.88 crore, dragged down by a Rs. 793.97 crore loss in the Microfinance segment. The Board also approved investing up to Rs. 500 crore in compulsory convertible preference shares of subsidiary Asirvad Micro Finance, appointed KSR & Co as secretarial auditor for 5 years, revised remuneration of MD Nandakumar V P and Executive Director Sumita Nandan (subject to shareholder approval), and reviewed the Fair Disclosure Code. Auditors issued an unmodified opinion, and the company reaffirmed that the Rs. 19.78 crore embezzlement at subsidiary MACOM is fully recoverable and that RBI's earlier restrictions on Asirvad Micro Finance have been lifted (January 2025).
Shareholders on record by May 15, 2025 will receive the Rs. 0.50 interim dividend; despite healthy topline growth, the steep fall in FY25 profits and Q4 consolidated loss — mainly from the microfinance arm — may weigh on sentiment, though the Rs. 500 crore top-up into Asirvad signals continued management commitment to that subsidiary.