Manappuram Finance Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

The board of Manappuram Finance Limited has approved several significant measures. The authorized share capital will increase from INR 200 Cr to INR 300 Cr, allowing for the issuance of 9.29 crore equity shares and warrants through a preferential issue for a total consideration of approximately INR 4385 Cr. Additionally, the company plans to acquire 99.917% of Manappuram Asset Finance Limited, which will become a subsidiary. An extraordinary general meeting is scheduled for April 16, 2025, to gain shareholder approval on these matters and related amendments to the Articles of Association.