Manappuram Finance Ltd: Approval of Borrowing Program, Appointment of Group Chief Technology Officer, and Additional Investments

Manappuram Finance Ltd announced the approval of a borrowing program for FY 2026-27, the appointment of Mr. Narayanan Easwaran as Group Chief Technology Officer, and additional investments in Asirvad Micro Finance Limited and Manappuram Home Finance Limited. The borrowing program includes the issuance of redeemable non-convertible debentures up to Rs. 7,400 Crore. Mr. Narayanan Easwaran, with over 25 years of experience in banking technology and digital transformation, will provide strategic technology leadership as the Group Chief Technology Officer. The Company will invest up to Rs. 7,90,59,04,996 in Asirvad Micro Finance Limited and up to Rs. 1,50,00,00,000 in Manappuram Home Finance Limited. The details of the borrowing program and appointments are subject to the decisions of the Board of Directors or its committees.