Manappuram Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 14, 2025
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Manappuram Finance has issued the notice for its 33rd Annual General Meeting (AGM) for FY 2024-25, scheduled for Thursday, August 14, 2025 at 11:00 AM IST in Valapad, Thrissur, Kerala. Remote e-voting will run from August 11 to August 13, 2025, with a cut-off date of August 7, 2025. Shareholders will vote on eight items, including adoption of FY25 audited financial statements, re-appointment of Dr. Sumitha Nandan as Director, appointment of KSR & Co as Secretarial Auditor for five years (FY26-FY30), and re-appointment of Mr. Harshan Kollara Sankarakutty as Independent Director for a second five-year term. Key special resolutions include increasing the FPI investment ceiling to 74% of paid-up share capital and approving a new ESOP Scheme 2025 covering up to 2,06,44,749 stock options (extending to subsidiary employees as well). Dr. Sumitha Nandan's remuneration is proposed to be revised to Rs. 20 lakh per month with a minimum 10% annual increment and up to 1% of net profits as commission.
The 74% FPI limit and new ESOP pool (up to 2.06 crore shares) are the most material items for shareholders, as they signal potential foreign capital inflows and future equity dilution. Director remuneration revision and auditor/director re-appointments are routine but worth tracking for governance continuity.