Manba Finance Limited has informed the Exchange regarding Board meeting held on September 22, 2025.
MANBA · price
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.7 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 its meeting on September 22, 2025, approved a fresh issue of secured non-convertible debentures (NCDs), perpetual debt instruments, unsecured subordinated NCDs, bonds, and/or other debt securities aggregating up to ₹200 Crores. The securities will be issued on a private placement basis in one or more tranches. The Board also authorised the Finance Committee to oversee and execute the issuance.
This is a pure debt-raising exercise with no equity dilution, likely aimed at funding the company's lending operations. For shareholders, it signals continued business expansion plans but also means higher interest obligations going forward; details on coupon rate and end-use of proceeds are not yet disclosed.