Manappuram Finance Approves ESOP Grant, Defers Fundraising

Manappuram Finance Limited's Board of Directors met on June 23, 2026, approving 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. The options vest between 1 to 5 years and can be exercised within 5 years of vesting. The board also deferred a decision on enhancing borrowing limits to ₹1,00,000 Crore, which will be considered at a future meeting. Additionally, changes in Senior Management Personnel were noted, with two individuals not being classified as SMPs due to reporting realignments.