Manappuram Finance Limited granted 4,28,568 stock options to eligible employees and those of its subsidiaries under the Employee Stock Option Scheme 2025 (ESOP 2025). The board approved the grant at its meeting on June 23, 2026, based on the Nomination, Compensation and Corporate Governance Committee's recommendations.
Each option is convertible into one equity share with an exercise price determined by the committee, subject to a maximum discount of 20% on the market price on the grant date. The shares issued upon exercise will not have any lock-in period.
The options vest over a period from one year to five years from the grant date. The exercise period for vested options extends up to five years from each vesting date.
The board considered a proposal to raise funds through listed non-convertible debentures, bonds, and commercial papers to enhance borrowing limits to Rs 1,00,000 crore. The board deferred the decision and will consider it at a subsequent meeting, subject to shareholder approval.
Effective June 23, 2026, senior management changes include Mr. Manikandan T.G. head of information technology, and Mr. Satheesh Kumar M. head of administration, no longer classified as senior management due to internal reporting realignment. The group chief technology officer is designated as senior management for IT, and administration will report to the chief human resources officer.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.