Manappuram Finance Board Approves Appointments of New Directors, Sets Date for EGM
Manappuram Finance Limited announced that its Board of Directors met on May 05, 2026. During the meeting, the Board approved the re-constitution of various committees and formally approved the appointment of several additional directors, leading to the decision to convene an Extraordinary General Meeting (EGM).The appointments of directors were approved following the identification of new Board members:
| Director Category | Name | DIN |
|---|---|---|
| Additional Non-Executive Non-Independent Director (Investor Nominee) | Mr. Rishi Mandawat | 07639602 |
| Additional Non-Executive Non-Independent Director (Investor Nominee) | Mr. Ashish Arvind Kotecha | 02384614 |
| Additional Non-Executive Independent Director | Ms. Rosemary Sebastian | 07938489 |
| Additional Non-Executive Independent Director | Mr. Rajesh Kumar Rathanchand | 08708450 |
| Additional Non-Executive Independent Director | Mr. Balaji Vijayaraghavan Veeravalli | 05122430 |
| Additional Non-Executive Independent Director | Mr. Rakesh Induprasad Bhatt | 02531541 |
The Board determined that the appointment of these new directors, including the Investor Nominees and Independent Directors, required shareholder approval. Therefore, the Board also approved the convening of an Extraordinary General Meeting (EGM) to seek the necessary shareholder mandate for these appointments.
The Board Meeting commenced at 12:00 P.M. and concluded at 12:45 P.M. on May 05, 2026.
MANAPPURAM Stock Price Movement
Shares of Manappuram Finance Limited are edging higher to ₹305.3 as of 1:37 PM today, gaining 0.05% in live trading. The stock is seeing robust momentum, trading on a high volume of 9.73 million shares.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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