Manappuram Finance Approves ESOP Grant, Defers Fundraising

Manappuram Finance Limited's Board of Directors, in a meeting held on June 23, 2026, approved the grant of 4,28,568 stock options under its ESOP 2025 scheme to eligible employees. The exercise price is subject to a maximum 20% discount on the market price, with vesting between 1 to 5 years and exercise within 5 years of vesting. The board also deferred a decision on raising funds up to ₹1,00,000 Crore via Non-Convertible Debentures/Bonds and Commercial Papers, pending shareholder approval. Additionally, changes in Senior Management Personnel were noted due to internal reporting realignments.