Change in Management of Manappuram Finance Limited

Manappuram Finance Ltd announced the grant of 4,28,568 employee stock options under its ESOP 2025 scheme to eligible employees and subsidiaries, in compliance with SEBI regulations. The Board also reported changes in the classification of two Senior Management Personnel, Mr. Manikandan T.G. and Mr. Satheesh Kumar M., attributing these to internal reporting realignments within the company. Furthermore, a proposal to enhance the borrowing limits to Rs. 1,00,000 Crore for raising funds via NCDs/Bonds and Commercial Papers was deferred by the Board for consideration at a subsequent meeting.