Manappuram Finance Approves ₹75,000 Cr Borrowing Limit, Appoints New Group CFO, Invests ₹250 Cr in Subsidiary
Manappuram Finance's board approved increasing borrowing limits to ₹75,000 Cr and invested up to ₹250 Cr in subsidiary Asirvad Micro Finance. Mr. Buvanesh Tharashankar was appointed Group CFO. An EGM is scheduled for January 22, 2026, to seek shareholder approval.
The substantial increase in borrowing limits to ₹75,000 crores and the investment in a subsidiary indicate a strong growth strategy and financial bolstering, which can have a significant impact on the company's future operations and market position.
The announcement details significant financial actions like increasing borrowing limits and investing in a subsidiary, alongside a key management appointment, all of which are positive developments for the company's growth and operational capacity.
Manappuram Finance Limited's Board of Directors, in a meeting held on December 26, 2025, approved a significant increase in the company's borrowing limits to ₹75,000 crores, subject to shareholder approval at an upcoming Extra Ordinary General Meeting (EGM). This authorization allows the company to raise funds through various debt instruments and to mortgage its properties to secure these borrowings.
The Board also approved an additional investment of up to ₹250 crores in its subsidiary, Asirvad Micro Finance Limited (AMFL), to support its capital expenditure and working capital requirements. AMFL, an RBI-registered NBFC, had a turnover of ₹2,705.43 crores in FY2025.
Furthermore, Mr. Buvanesh Tharashankar has been appointed as the Group Chief Financial Officer (Group CFO) and designated as Key Managerial Personnel, effective December 26, 2025. Ms. Bindu A.L. will continue as the Chief Financial Officer.
The EGM to seek shareholder approval for these proposals will be convened on Thursday, January 22, 2026, at 11 AM via Video Conferencing/Other Audio Visual Means. The meeting of the Board of Directors commenced at 11:30 AM and concluded at 01:30 PM.
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Manappuram Finance Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Manappuram Finance Limited. Read the original for the full detail.