Please attached the disclosure in terms of Regs 30 and 51 under LODR Regulations_Updates
Awaiting price reaction for this filing.
Manappuram Finance has filed a clarification with stock exchanges regarding its earlier proposed preferential issue of equity shares and warrants. The company is explaining the meaning of a clause in the EGM Notice and Corrigendum about deviation in estimation of Objects for the fund raise. It clarifies that any deviation of up to ±10% (permitted under NSE and BSE circulars dated December 13, 2022) will only be reallocated between the stated Objects and will NOT be diverted towards General Corporate Purposes. This is a procedural clarification following queries raised by NSE on the preferential issue that was to be considered at the April 16, 2025 EGM.
This is a procedural clarification and does not change the size or pricing of the preferential issue. Shareholders should note that the company is committing that any minor variation in fund deployment will stay strictly within the disclosed purposes and not flow into general corporate use, offering some comfort on the use of raised capital.