Manappuram Finance Limited
Manappuram Finance is a Non-Banking Finance Company (NBFC), which provides a wide range of fund based and fee based services including gold loans, money exchange facilities, etc. The Company is a Systemically Important Non-Deposit taking NBFC(NBFC-ND).(Source : 202003 Annual Report Page No:120)
What Manappuram files
- Others118
- Important34
- Investor Meet31
- Board Meeting25
- Dividend/Bonus20
- Updates15
Manappuram Finance allotted ₹850 Cr via private placement of unsecured, listed NCDs. This strategic fundraising at 9.05%-9.10% interest rates strengthens the company's financial position, supporting future business growth initiatives.
Manappuram Finance reported robust Q1 results: Net Profit soared 341.40% YoY to ₹585 Cr. AUM grew 57.20% YoY to ₹69,635 Cr, with gold loan AUM up 97.9% to ₹57,006 Cr. Asirvad Microfinance returned to profitability, posting ₹21 Cr profit.
Manappuram Finance granted 4.28 lakh employee stock options. The Board deferred a proposal to increase borrowing limits to ₹1,00,000 Cr for future consideration, pending shareholder approval.
The Board approved re-constituting committees and appointing six new directors (two investor nominees, four independent). An EGM will seek shareholder nod for these changes, following significant investments by BC Asia, signaling governance shifts.
SEBI issued an administrative warning to Chairman & MD, V.P. Nandakumar, for delayed reporting of his personally pledged shares from 2018. This action has no financial or operational impact on Manappuram Finance.