Manappuram Finance Ltd. EGM Concludes: All 6 Resolutions Including Director Appointments Passed
Manappuram Finance Limited held its EGM on July 14, 2026, where all six resolutions, including the appointment of five new directors, were passed. Mr. Rishi Mandawat and Mr. Ashish Arvind Kotecha were appointed as Non-Executive Non-Independent Directors. Mr. Rajesh Kumar Rathanchand, Mr. Balaji Vijayaraghavan, Mr. Rakesh Bhatt, and Ms. Rosemary Sebastian were appointed as Non-Executive Independent Directors.
The appointment of new directors can impact the company's strategic direction and governance, hence a medium impact.
All proposed resolutions, including director appointments, were passed with a significant majority of votes, indicating strong shareholder approval.
Manappuram Finance Limited has announced the results of its Extra-Ordinary General Meeting (EGM) held on Tuesday, July 14, 2026. The meeting, conducted via video conferencing, saw the successful passing of all six resolutions proposed. These resolutions included the appointment of Mr. Rishi Mandawat as a Non-Executive Non-Independent Director, Mr. Ashish Arvind Kotecha as a Non-Executive Non-Independent Director, and Mr. Rajesh Kumar Rathanchand, Mr. Balaji Vijayaraghavan, Mr. Rakesh Bhatt, and Ms. Rosemary Sebastian as Non-Executive Independent Directors.
The e-voting process, which included remote e-voting and voting during the EGM, showed overwhelming support for all resolutions. For the appointment of Mr. Rishi Mandawat, 99.96% of the valid votes were in favour. The appointment of Mr. Ashish Arvind Kotecha received 99.78% in favour. Special resolutions for the appointment of independent directors also saw strong approval: Mr. Rajesh Kumar Rathanchand (99.997% in favour), Mr. Balaji Vijayaraghavan (99.997% in favour), Mr. Rakesh Bhatt (99.997% in favour), and Ms. Rosemary Sebastian (99.95% in favour).
The Record Date for the EGM was July 07, 2026, with a total of 5,32,605 shareholders on record. The remote e-voting period was open from July 10, 2026, to July 13, 2026. The company has submitted the e-voting results and the Scrutinizer’s Report as per SEBI regulations.
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