Manappuram Finance to Hold EGM on Jan 22, 2026, to Approve ₹75,000 Crore Borrowing Limit
Manappuram Finance Limited has announced an Extra-ordinary General Meeting (EGM) to be held on Thursday, January 22, 2026, at 11:00 AM IST, through video conferencing. The primary purpose of the EGM i...
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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 is a routine procedural update regarding an upcoming egm to approve borrowing limits and a director's remuneration. while increasing borrowing limits can be seen positively for future growth, the core of the announcement is procedural, making the sentiment neutral.
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Manappuram Finance to Hold EGM on Jan 22, 2026, to Approve ₹75,000 Crore Borrowing Limit
December 29, 2025, 05:36 PM
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Manappuram Finance Limited has announced an Extra-ordinary General Meeting (EGM) to be held on Thursday, January 22, 2026, at 11:00 AM IST, through video conferencing. The primary purpose of the EGM is to seek shareholder approval for increasing the company's borrowing limit to ₹75,000 Crores. This proposed limit is an increase from the previous limit of ₹40,000 Crores, approved in May 2024.
Additionally, the EGM will seek approval to create charges and mortgages over the company's properties to secure these borrowings, in compliance with Section 180(1)(a) of the Companies Act, 2013. The company also plans to seek approval for revisions in the remuneration terms for Dr. Sumitha Nandan, Whole-time Director, effective September 1, 2025. Her monthly salary will be revised to ₹22,48,125 from ₹20,00,000, with a minimum annual increment of 10%.
The EGM will facilitate remote e-voting from January 18, 2026, to January 21, 2026. The cut-off date for e-voting eligibility is January 15, 2026.
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