Manappuram Finance Ltd. - Outcome of Board Meeting

| Updated on May 15, 2019 Published on May 15, 2019

Sub: Outcome of Board Meeting held on 15th May 2019 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (LODR)

Ref:Company Scrip Code:531213,Symbol:MANAPPURAM

We would like to intimate the following as outcome of the meeting of Board of Directors held on 15th May 2019:

1. Approved the managements proposal, subject to various regulatory clearances - to explore entry into Micro Insurance to utilize the large base of Manappuram Group customers so as to provide them with appropriate financial protection by leveraging group synergies. The Board further authorized the Management to seek guidance, suggestions and approvals from IRDAI, RBI and other Government agencies as may be necessary, to expedite implementation of the proposal.

2. Approved to acquire 100% equity shares of Manappuram Asset Finance Limited subject to the approval of regulatory authorities.

3. Declared an interim dividend of 55 Paise (Fifty-Five Paise) per equity share of Rs.2 each

4. Fixed 28th May 2019 as record date to ascertain the entitlement of interim dividend among the shareholders and Dividend/Dividend Warrants shall be paid / dispatched on or before 13th June 2019.

5. Approved audited standalone and consolidated financial results for the year ended 31st March 2019.

We request you to please take the same on your record.

Thanking You.

For Manappuram Finance Limited

Manoj Kumar V R
Company Secretary

Pdf Link: Manappuram Finance Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on May 15, 2019
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