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Manappuram Finance Limited ( (IN:MANAPPURAM) ) has issued an announcement.
Manappuram Finance Limited’s board has approved a significant increase in its borrowing capacity, authorising total borrowings and related security creation of up to Rs 75,000 crore, subject to shareholder approval, to support the company’s funding requirements and future growth. The board also resolved to convene an Extraordinary General Meeting on January 22, 2026 to seek shareholder consent for these measures, appointed Mr. Buvanesh Tharashankar as Group Chief Financial Officer and Key Managerial Personnel alongside existing CFO Ms. Bindu A.L., and cleared an additional equity investment of up to Rs 250 crore in its microfinance subsidiary Asirvad Micro Finance Limited, underscoring a strategic push to expand its balance sheet and strengthen its microfinance business.
More about Manappuram Finance Limited
Manappuram Finance Limited is a non-banking financial company (NBFC) engaged primarily in lending and related financial services, with a focus on retail financing products such as gold loans and microfinance through its subsidiaries, targeting individuals and small businesses across India.
Average Trading Volume: 244,999
Technical Sentiment Signal: Buy
Current Market Cap: 266.1B INR
Learn more about MANAPPURAM stock on TipRanks’ Stock Analysis page.