Manappuram Finance Limited — Important, 16-05-2025: General Updates

Manappuram Finance has announced a board meeting and approved appointing KSR & Co as Secretarial Auditors for five years, pending shareholder approval. The company plans to invest up to Rs. 500 Cr in equity shares of its subsidiary Asirvad Micro Finance Ltd to support its capex and working capital. This could increase Manappuram’s stake in Asirvad to 98.11%. Asirvad reported a turnover of Rs. 2,705.43 Cr for FY 2025.