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

Manappuram Finance reported a consolidated net loss for FY 2024-25, driven by weak performance in its microfinance subsidiary. An embezzlement case involving Rs.19.78 Cr was identified in its IT unit, with recovery measures underway. RBI restrictions on the microfinance arm were lifted earlier this year. The company declared an interim dividend of Rs.0.50/share and approved a Rs.500 Cr investment in convertible preference shares of its microfinance subsidiary, Asirvad Micro Finance.