Manappuram Finance Limited — Important, 09-05-2025: Updates

Manappuram Finance has announced a dividend of Rs. 0.50 per share and plans to invest up to Rs. 500 Cr in compulsory convertible preference shares of its subsidiary Asirvad Micro Finance. The RBI lifted restrictions on Asirvad. The company fully provided for a Rs. 19.78 Cr embezzlement loss in a subsidiary, with a recovery plan underway. Net debt rose to Rs. 14,275 Cr, supported by a strong AA+ credit rating. Remuneration revisions for top executives await shareholder approval.