Manappuram Finance Approves ₹75,000 Cr Borrowing Limit, Appoints New Group CFO, Invests ₹250 Cr in Subsidiary
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 app...
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Why is Manappuram Finance Limited in the news today?
Manappuram Finance Limited (MANAPPURAM) is in the news due to 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.
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Manappuram Finance Approves ₹75,000 Cr Borrowing Limit, Appoints New Group CFO, Invests ₹250 Cr in Subsidiary
December 26, 2025, 08:17 AM
Top Queries to Ask About Manappuram Finance Limited
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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