Board Meeting30 March 2026 at 03:31 pm
Manappuram Finance Ltd: Board Approves Borrowing Program, Appoints New Group CTO, and Announces Additional Investments
AI Summary
Manappuram Finance Ltd held a Board Meeting, approving a borrowing program of up to Rs. 7,400 Crore for FY 2026-27, involving redeemable non-convertible debentures. The Board also appointed Mr. Narayanan Easwaran as Group Chief Technology Officer and Senior Management Personnel. Additionally, the Company announced additional investments in Asirvad Micro Finance Limited and Manappuram Home Finance Limited.
Key Highlights
- Borrowing program of Rs. 7,400 Crore for FY 2026-27 approved
- Mr. Narayanan Easwaran appointed as Group Chief Technology Officer
- Additional investment in Asirvad Micro Finance Limited
- Additional investment in Manappuram Home Finance Limited