Manappuram Finance Board Approves ₹75,000 Cr Borrowing Limit & ₹250 Cr Investment in Subsidiary
Manappuram Finance's Board approved raising borrowing limits to ₹75,000 crores and investing up to ₹250 crores in subsidiary Asirvad Micro Finance. Mr. Buvanesh Tharashankar appointed Group CFO effective December 26, 2025. An EGM is scheduled for January 22, 2026.
The substantial increase in borrowing limits and the investment in a subsidiary are material events that can significantly impact the company's financial leverage, growth prospects, and overall operations.
The company is significantly increasing its borrowing capacity and investing in a subsidiary, indicating growth and expansion plans. The appointment of a new Group CFO also suggests strategic strengthening of the management team.
Manappuram Finance Limited's Board of Directors, in a meeting held on December 26, 2025, has approved a significant increase in the company's borrowing limits to ₹75,000 crores, subject to shareholder approval. This authorization, in line with Section 180(1)(c) of the Companies Act, 2013, will enable the company to raise funds for its operations.
Furthermore, the Board has authorized the creation of charges or pledges on the company's assets, both movable and immovable, to secure borrowings up to an aggregate limit of ₹75,000 crores. These borrowings can be in foreign or rupee currency, including various debt instruments.
An Extra Ordinary General Meeting (EGM) has been scheduled for Thursday, January 22, 2026, at 11 AM via Video Conferencing/Other Audio Visual Means (VC/OAVM) to seek shareholder approval for these resolutions. The draft EGM notice has been approved by the Board.
In a key management change, 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 Chief Financial Officer.
The Board also approved an additional investment of up to ₹250 crores in its subsidiary, Asirvad Micro Finance Limited (AMFL), in tranches. This investment is intended to support AMFL's capital expenditure and working capital requirements. AMFL reported a turnover of ₹2,705.43 crores for FY 2025. The acquisition is expected to be completed by December 27, 2025, and will result in Manappuram Finance increasing its holding in AMFL to up to 98.56%.
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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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