Manappuram Finance Limited has informed the Exchange about General Updates
MANAPPURAM · price
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Manappuram Finance has filed a clarification with NSE regarding two matters from its May 9, 2025 board meeting. First, it has appointed KSR & Co Company Secretaries LLP, Coimbatore, as its Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM. Second, the company corrected an inadvertent error in the earlier disclosure: the Board had approved investing up to Rs. 500 crore in equity shares (not CCPS) of its subsidiary Asirvad Micro Finance Limited (AMFL) at Rs. 93 per share. The investment is for AMFL's capex and working capital needs. Post-infusion, MAFIL's stake in AMFL will rise from 97.60% to 98.11%.
This is largely a procedural clarification with no negative implications. The AMFL investment strengthens the parent-subsidiary capital structure and supports AMFL's growth. The secretarial auditor appointment is routine and subject to shareholder nod.