Key Event Details

An Extraordinary General Meeting (EGM) of Manappuram Finance Limited is scheduled to be held on Tuesday, July 14, 2026, at 03:30 P.M. (IST) through Video Conferencing/Other Audio Visual Means.

The primary purpose is to seek shareholder approval for the appointment of six directors to the company's board.

Agenda Items for Shareholder Approval

1. Appointment of Mr. Rishi Mandawat (DIN: 07639602)

  • Role: Non-Executive Non-Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Liable to retire by rotation
  • Basis: Nominated by investors BC Asia Investments XXV Limited and BC Asia Investments XIV Limited pursuant to securities subscription agreement dated March 20, 2025 and shareholders' agreement dated March 20, 2025
  • RBI Approval: Granted on September 16, 2025
  • Resolution Type: Ordinary Resolution

2. Appointment of Mr. Ashish Arvind Kotecha (DIN: 02384614)

  • Role: Non-Executive Non-Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Liable to retire by rotation
  • Basis: Nominated by investors BC Asia Investments XXV Limited and BC Asia Investments XIV Limited pursuant to securities subscription agreement dated March 20, 2025 and shareholders' agreement dated March 20, 2025
  • RBI Approval: Granted on September 16, 2025
  • Resolution Type: Ordinary Resolution

3. Appointment of Mr. Rajesh Kumar Rathanchand (DIN: 08708450)

  • Role: Non-Executive Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Not liable to retire by rotation
  • Remuneration: Sitting fees for board/committee meetings and reimbursement of expenses; eligible for commission not exceeding 1% of net profits
  • Resolution Type: Special Resolution

4. Appointment of Mr. Balaji Vijayaraghavan (DIN: 05122430)

  • Role: Non-Executive Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Not liable to retire by rotation
  • Remuneration: Sitting fees for board/committee meetings and reimbursement of expenses; eligible for commission not exceeding 1% of net profits
  • Resolution Type: Special Resolution

5. Appointment of Mr. Rakesh Bhatt (DIN: 02531541)

  • Role: Non-Executive Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Not liable to retire by rotation
  • Remuneration: Sitting fees for board/committee meetings and reimbursement of expenses; eligible for commission not exceeding 1% of net profits
  • Resolution Type: Special Resolution

6. Appointment of Ms. Rosemary Sebastian (DIN: 07938489)

  • Role: Non-Executive Independent Director
  • Appointment Date: Initially appointed as Additional Director on May 05, 2026
  • Term: 5 years from May 05, 2026 to May 04, 2031
  • Status: Not liable to retire by rotation
  • Remuneration: Sitting fees for board/committee meetings and reimbursement of expenses; eligible for commission not exceeding 1% of net profits
  • Resolution Type: Special Resolution

E-Voting Arrangements

  • Service Provider: Central Depository Services (India) Limited (CDSL)
  • Remote E-Voting Period: From 09:00 AM (IST) on Friday, July 10, 2026 to 05:00 PM (IST) on Monday, July 13, 2026
  • Cut-off Date for Voting Rights: Tuesday, July 07, 2026
  • Physical Proxy: Not permitted for this virtual EGM
  • Scrutinizer: Mr. Suresh M V, FCS, Senior Partner, SMS & Co Company Secretaries LLP

Document Availability

The Notice of EGM is available on the company's website at https://www.manappuram.com/investors/notice-to-shareholders and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).

Key Dates

  • Notice Date: June 20, 2026
  • EGM Date: July 14, 2026 at 3:30 PM IST
  • Remote E-Voting: July 10-13, 2026
  • Cut-off Date: July 07, 2026
  • Result Declaration: To be placed on company website and communicated to BSE/NSE within 2 working days of EGM conclusion

Director Background Information

All proposed directors have provided necessary declarations and consents, confirmed they are not disqualified under Section 164 of the Companies Act, 2013, and are not debarred by SEBI or any other authority.

The Nomination, Compensation and Corporate Governance Committee has evaluated all candidates against RBI's 'Fit and Proper Criteria' as per the Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Governance) Directions, 2025.

Detailed information about qualifications, experience, other directorships, and committee positions is provided in Annexure I and II to the notice.

Financial Impact

No immediate financial impact disclosed beyond director remuneration arrangements (sitting fees and potential commission not exceeding 1% of net profits).