Neelam Tater becomes chairperson as profit rises and dividend is declared
MANBA · price
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On the reaction day the stock moved 1.2 pts more 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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Manba Finance appointed independent director Neelam Tater as chairperson from October 27, 2026, replacing Nallepilly Ramaswami Parameshwaran, who remains an independent director due to other commitments. September-quarter profit rose to Rs 13.73 crore from Rs 11.40 crore, while half-year profit reached Rs 27.00 crore from Rs 21.15 crore. The board declared a Rs 0.25 per share dividend and approved up to Rs 200 crore of private-placement debt.
Higher profit and the dividend may support sentiment, while new debt could raise leverage. The chair handover appears orderly and preserves board independence.