Manappuram Finance Limited has submitted a regulatory disclosure to BSE Limited, National Stock Exchange of India Limited, and India International Exchange (IFSC) Ltd regarding an upcoming board meeting.
The disclosure is made pursuant to Regulations 29 and 50 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
A meeting of the Board of Directors of the company is scheduled to be held on Tuesday, June 23, 2026.
The primary agenda of the meeting is to consider and approve the raising of funds. The proposed methods of fundraising include issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers.
This fund raising initiative is part of the proposed enhancement of the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013.
The approval for enhancing borrowing limits and consequent fund raising is subject to the approval of the shareholders of the Company.