Manba Finance Limited has informed the Exchange regarding Board meeting held on Jun 20, 2025.
MANBA · price
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On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 1.6 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Directors of Manba Finance Limited, at their meeting on June 20, 2025, approved a fresh issue of Secured Non-Convertible Debentures, Perpetual Debt Instruments, Unsecured Subordinated NCDs, bonds, or other debt securities aggregating up to INR 200 Crores. The issuance will be done on a private placement basis and may happen in one or more tranches. The Board has also authorized the Finance Committee to handle the issuance process. This is a debt-raising move by the NBFC rather than an equity-related action.
For shareholders, this means the company is raising up to ₹200 Crores through debt, which will expand its lending capacity but also increase interest obligations. No dilution of equity is involved, and the stock price impact is expected to be neutral to mildly positive depending on the coupon rate and use of proceeds.