Manappuram Finance Limited — Others, 08-08-2025: Change in Management

Manappuram Finance's board approved the financial results for the quarter. The company declared an interim dividend of Rs. 0.50 per share, with August 14 as the record date. A key leadership change was announced, with Managing Director V.P. Nandakumar set to become the new Chairman, as Dr. Shailesh Jayantilal Mehta retires. There were also several changes in senior management personnel. The company invested Rs. 500 crore into its microfinance subsidiary, Asirvad Micro Finance. Additionally, Manappuram transferred Rs. 37.96 crore in loans, which resulted in a Rs. 12.65 crore loss from derecognition. The company confirmed it maintained full asset cover for its secured debt.