Manappuram Finance Limited — Others, 21-07-2025: Shareholders meeting

The company has announced an Annual General Meeting to approve its financial statements for FY 2024-25. Key proposals for shareholder consideration include raising the Foreign Portfolio Investor holding limit to 74% of paid-up capital, a significant move to attract foreign capital. A new Employee Stock Option Scheme is on the table, offering up to 2.06 Cr equity shares to incentivize employees, including those in subsidiaries. Shareholders will also vote on re-appointing Independent Director Mr. Harshan Kollara for a second term, noting he will turn 75. Additionally, a revision to Whole-time Director Dr. Sumitha Nandan's monthly salary to 0.20 Cr, plus commission, and the appointment of KSR & Co as secretarial auditor for five years at an initial annual fee of 0.077 Cr are up for approval.