Manappuram Finance Limited — Others, 14-08-2025: Shareholders meeting

Manappuram Finance's 33rd Annual General Meeting saw shareholders approve all proposed business items. Despite a challenging NBFC environment with tighter norms and higher funding costs, the company reported consolidated AUM of ₹43,034 crore (up 2.3%). Consolidated net profit was ₹1,204 crore, a 45% decrease, primarily due to microfinance uncertainties and a Q4 loss of ₹626 crore in that segment. The gold loan business remains a strong core. The strategic partnership with Bain Capital for joint control is progressing, awaiting final approvals, which will infuse fresh capital and global expertise. The company also announced Mr. Deepak Reddy as the new CEO.