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. They also declared an interim dividend of ₹1 per equity share, with a record date of August 17, 2026. The board further approved raising funds up to ₹1,00,000 crores through instruments like Non-Convertible Debentures and Commercial Papers, subject to shareholder approval. Key management changes were also decided, 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. Variations in the utilization of funds from a previous preferential issue were also approved.