In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ('Listing Regulations') and based on the recommendations of the Nomination Compensation and Corporate Governance Committee, the Board of Directors at its meeting held on 05th July, 2022 has re-appointed Mr V P Nandakumar (DIN:00044512) as the Managing Director & Chief Executive Officer (MD & CEO) of the Company with effect from 27th July, 2022 upto 31st March 2024 subject to the approval of shareholders at the 30th Annual General Meeting. Mr V P Nandakumar is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority. The details as required under SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, along with the brief profile of Mr V P Nandakumar is given in Annexure A to this letter.
We wish to inform that Ms. Sutapa Banerjee (DIN: 0284465), Women Independent Non- Executive Director of the Board has tendered her resignation and is stepping down from the Board. The said resignation letter received by the Company through courier on July 04, 2022. The Board of Directors of the Company at their meeting held on July 05,2022, noted the resignation letter and appreciates the services rendered by Ms. Sutapa Banerjee during the tenure of her service. Ms. Sutapa Banerjee also confirmed that there are no material reasons for her resignation, other than those mentioned in her resignation letter. Letter of resignation and names of listed entities in which the director holds directorship, category of directorship and membership are attached with the intimation as Annexure-1 Disclosure as required under Regulation 30(6) read with para A(7B) of Part A of Schedule III of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September
The Company is considering various options for raising funds through borrowings including by the way of issuance of various debt securities in onshore / offshore securities market by Public Issue, on Private Placement Basis or through issuing Commercial Papers. Based on the prevailing market conditions, the Board of Directors / Financial Resources and Management Committee / Debenture Committee of the Board of Directors of the Company may consider and approve issuances of Debt Securities during the month of July, 2022, subject to such terms and conditions including the issue price of debt securities, as the Board / respective Committee may deem fit. This is for your information and is in compliance with Regulation 29 and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations2015.
Pursuant to regulation 30 of the SEBI (LODR) Regulations 2015, we wish to inform you that Financial Resources and Management Committee of the Board of Directors of Manappuram Finance Limited ('Company') at its meeting held on June 30, 2022, approved the issuance of Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures of face value of Rs. 10,00,000 (Indian Rupees ten lakhs) for a principal aggregate amount of upto Rs. 770 Crores (Rupees Seven Hundred and Seventy Crores Only), on private placement basis.
Sub: Prior-Intimation of proposed issue of Non-Convertible Debenture under SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 (Listing Regulations) Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that , based on the finalization of terms of issue, the meeting of the Financial Resources and Management Committee of the Board of Directors of the Company, is scheduled to be held on , 30th June 2022, inter- alia to consider and approve the issuance of Secured, Rated Redeemable Non-Convertible Debentures of up to US$100 million (One Hundred Million US Dollars Only), in INR equivalent.
Pursuant to the provisions of SEBI (Prohibition of Insider Trading) Regulations, 2015 and the Insider Code of Conduct of the Company, the Trading Window of the Company shall be closed for Insiders from Friday, July 01, 2022 till 48 hours after the declaration of the financial results for the 1st quarter ended June 30, 2022. The date of Board Meeting for declaration of the financial results of the Company for the quarter ended 30th June 2022 will be intimated in the due course All Insiders of the Company are requested to take note of this intimation and not to deal with the securities of the Company during the Window Closure period. Kindly take the same on your record. d
Please find enclosed herewith the copy of Newspaper Advertisement published on 18th June 2022 in Mathrubhumi (Thrissur Edition) and Business Line (All India Edition) of notice of transfer of Equity shares of the Company to Investor Education and Protection Fund (IEPF) Authority.
In furtherance to our letters dated May 18, 2022, please find enclosed herewith updated disclosure of related party transactions for the half-year ended March 31, 2022 pursuant to Regulation 23(9) of the Listing Regulations with certain additional information. We request you to please take the same on your record.