Manappuram Finance Limited has informed the Exchange about General Updates
MANAPPURAM · price
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Manappuram Finance's board approved audited Q4 and FY25 standalone and consolidated results, along with an interim dividend of Rs. 0.50 (25%) per share on a face value of Rs. 2, with the record date set as May 15, 2025. The board also cleared an investment of up to Rs. 500 crore in equity shares of its subsidiary Asirvad Micro Finance Limited (AMFL) at Rs. 93 per share, raising its stake from 97.60% to 98.11% to support AMFL's capex and working capital needs. AMFL reported turnover of Rs. 2,705.43 crore in FY25, up from Rs. 2,681.31 crore in FY24. Separately, the board revised the remuneration of Managing Director Mr. Nandakumar V P and Executive Director Dr. Sumitha Nandan, subject to shareholder approval, and appointed KSR & Co as Secretarial Auditor for five years (FY26–FY30). The filing also corrects an earlier clerical error where the AMFL investment was wrongly described as Compulsory Convertible Preference Shares instead of equity shares. The company reported outstanding long-term borrowings of Rs. 11,110.39 crore as of March 31, 2025, with a highest credit rating of AA+.
The Rs. 500 crore equity infusion strengthens AMFL's growth capital and reflects continued confidence in the microfinance subsidiary, while the 25% interim dividend offers short-term income to shareholders. Revised MD/ED remuneration pending shareholder approval and rising borrowings (up ~21% YoY) are points worth tracking for governance and leverage.