Manappuram Finance Limited — Others, 11-07-2025: Change in Management

Manappuram Finance has announced a board meeting that approved the re-appointment of Mr. Harshan Kollara Sankarakutty as a Non-Executive Independent Director for a second five-year term, subject to shareholder approval. The board also approved the “Manappuram Finance Limited – Employee Stock Option Scheme 2025” to grant up to 2.06 crore stock options to eligible employees of the company and its subsidiaries, with an exercise price up to a 20% discount on market price but not below face value. Vesting will occur between one to five years, with options exercisable for up to five years post-vesting.