General Updates

Manappuram Finance's Board approved granting 4,28,568 stock options under its ESOP 2025 scheme to eligible employees and subsidiaries, with vesting periods between 1 to 5 years. The Board deferred the agenda item concerning fundraising through Non-Convertible Debentures/Bonds and Commercial Papers, along with enhancing borrowing limits to Rs. 1,00,000 Crore, to a subsequent meeting. Additionally, Mr. Manikandan T.G. (Head IT) and Mr. Satheesh Kumar M. (Head Administration) were reclassified as no longer Senior Management Personnel due to internal departmental realignments.