Manappuram Finance Approves Employee Stock Option Scheme and Details Senior Management Changes
Manappuram Finance Ltd., in a meeting held on June 23, 2026, approved the granting of stock options to its employees under the Manappuram Finance Limited - Employee Stock Option Scheme 2025 (ESOP 2025). The board also addressed changes concerning senior management personnel and considered matters related to enhancing borrowing limits.Details of Employee Stock Option Grant
The Company granted a total of 4,28,568 options to eligible employees of Manappuram Finance Limited and its subsidiaries under the ESOP 2025. The scheme was approved based on recommendations from the Nomination, Compensation and Corporate Governance Committee.Key details regarding the stock options include:
| Particulars | Details |
|---|---|
| Brief details of the options granted | 4,28,568 options to eligible employees of the Company and its subsidiaries under 2025. |
| Total number of shares covered by these Options | 4,28,568 Equity Shares. |
| Pricing formula/exercise price | Determined by the Committee subject to a maximum discount of up to 20% on the Market Price of the Shares on the date of Grant, in compliance with the scheme. |
| Options vesting period | Not earlier than a minimum Vesting Period of 1 year and not later than a maximum Vesting Period of 5 years from the Grant Date. |
| Exercise Period for Vested Options | A maximum of 5 years commencing from the date of each Vesting. |
| Significant Terms | The Scheme shall be administered by the Committee, and all questions of interpretation shall be determined by the Committee, making such determination final and binding. |
Board Consideration on Fund Raising and Borrowing Limits
The board also considered the proposal for raising funds through the issuance of listed Non-Convertible Debentures/Bonds and Commercial Papers. This initiative was part of a proposed enhancement of the Company's borrowing limits to Rs.1,00,000 Crore, subject to shareholder approval at the Annual General Meeting. The board decided to defer this agenda item for consideration at a subsequent meeting.Changes in Senior Management Personnel
The company reported changes concerning certain senior management personnel (SMP) effective June 23, 2026, which were related to internal reporting realignments within the organization.Two specific roles saw defined changes:
| Employee Name | Designation | Department | Reason for Change |
|---|---|---|---|
| Mr. Manikandan T.G | Head Information Technology Department | Information Technology | The individual is not being classified as an SMP, as the Group CTO has now been designated as the SMP, and Mr. Manikandan T.G. is currently reporting to the Group CTO. |
| Mr. Satheesh Kumar M. | Head Administration | Administration | The individual is not being classified as an SMP due to a departmental realignment, where the Administration function will henceforth report to the CHRO. |
The changes in personnel were recorded with effective dates of June 23, 2026.
MANAPPURAM Stock Price Movement
Shares of Manappuram Finance Limited are shedding 2.28% as of 1:01 PM, currently trading at ₹319.7 following a ₹7.45 drop in live trading. The equity moves amidst an intraday range spanning from ₹319.25 to ₹330.9, reflecting the company's run toward its crucial 52-week high mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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