Manappuram Finance Limited has informed the Exchange regarding Outcome of Board Meeting held on May 05, 2026.

Manappuram Finance's Board meeting on May 5, 2026 formalized a major ownership and governance change. Bain Capital-backed investors (BC Asia Investments XXV Limited and BC Asia Investments XIV Limited) have taken control of the company and are now classified as promoters effective April 21, 2026. All six existing Non-Executive Independent Directors resigned, citing the pre-agreed board reconstitution terms under the March 2025 investment agreement. The Board approved appointment of two new Non-Independent Directors nominated by the investors (Rishi Mandawat and Ashish Kotecha, both Bain Capital partners) and four new Independent Directors including a former RBI Executive Director, former TransUnion CIBIL CEO, and former Bajaj Finance Deputy CEO. In executive changes, Dr. Sumitha Nandan was elevated to Executive Director and Vice-Chairperson, while the CFO role changed from Mrs. Bindu A.L to Mr. Buvanesh Tharashankar.