Manappuram Finance Approves Interim Dividend, Fund Raising

Manappuram Finance Ltd's Board of Directors has approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. A key decision was the declaration of an interim dividend of ₹1 per equity share, with a record date set for August 17, 2026. The board also approved raising funds up to ₹1,00,000 crores through instruments like Non-Convertible Debentures and Commercial Papers, subject to shareholder approval. Significant management changes were announced, including the appointment of Mr. Ashish Singh as MD & CEO from January 1, 2027, and the continuation of Mr. V.P. Nandakumar as MD and Chairperson until December 31, 2026, followed by his redesignation as Non-Executive Chairperson. The company also noted various disclosures related to financial results and utilization of proceeds.