Manappuram Finance Open Offer Records Zero Share Tenders on April 7, 2026

Kotak Mahindra Capital Company Limited has disclosed that zero equity shares were tendered in the open offer for Manappuram Finance Limited as of April 7, 2026. The disclosure was made to BSE Limited and the National Stock Exchange of India Limited regarding the ongoing acquisition attempt by BC Asia Investments XXV Limited.

Open Offer Details

The open offer aims to acquire up to 24,42,27,387 fully paid-up equity shares of face value INR 2 each from public shareholders. This represents 26.00% of the expanded voting share capital of Manappuram Finance Limited. The acquirer, BC Asia Investments XXV Limited, is working in concert with seven other entities in this acquisition attempt.

Parameter: Details Target Shares: 24,42,27,387 equity shares Face Value: INR 2 per share Stake Percentage: 26.00% of expanded voting share capital Shares Tendered: Nil Disclosure Date: April 7, 2026 Account Statement Time: 17:07:48

Persons Acting in Concert

The acquisition involves multiple entities working together with BC Asia Investments XXV Limited:

BC Asia Investments XIV Limited (PAC 1)

BC Asia Investments XXIV Limited (PAC 2)

BC Asia Investments XXVI Limited (PAC 3)

BC Asia Investments XXI Limited (PAC 4)

Bain Capital Asia Fund V, L.P. (PAC 5)

BC Asia V CTB Investors, L.P. (PAC 6)

BC Asia V Private Investors, L.P. (PAC 7)

Escrow Account Management

The open offer utilizes an escrow demat account titled "MIIPL MANAPPURAM FINANCE OPEN OFFER ESCROW DEMAT ACCOUNT" maintained with Ventura Securities Limited. The account bears depository participant identification number IN303116 and client identification number 15544837 with PAN: AABCM6882E. The disclosure was based on the account statement received as at 17:07:48 on April 7, 2026.

Regulatory Framework

Kotak Mahindra Capital Company Limited clarified that tendered shares will be subject to validation and verification of complete documentation. The acceptance of validly tendered shares will follow SEBI (SAST) Regulations and the Letter of Offer dated March 25, 2026. The number of shares tendered may differ from those ultimately accepted by the acquirer in the open offer process.

Manappuram finance Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, submitted on April 07, 2026, demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Filing Details

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. The filing was addressed to three major stock exchanges where the company's securities are listed.

Exchange: Details BSE Limited: Scrip Code 531213 National Stock Exchange: Scrip Code MANAPPURAM India International Exchange (IFSC): GIFT City, Gandhinagar ISIN: INE522D01027

Registrar Confirmation Process

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The registrar provided comprehensive confirmation regarding the dematerialization process for the quarter.

The registrar confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories. The confirmation process included acceptance or rejection of securities within prescribed regulatory timelines.

Compliance Verification

The certificate includes several key compliance confirmations:

Securities received for dematerialization were confirmed or rejected to depositories

All dematerialized securities remain listed on stock exchanges where earlier issued securities are listed

Security certificates received were mutilated and cancelled after due verification

Depository names were substituted in the register of members as registered owners

All processes were completed within prescribed timelines

Documentation and Authorization

The filing was authorized by Aparna Menon, Company Secretary of Manappuram Finance Limited, with digital signature authentication dated April 07, 2026. The registrar's confirmation was provided by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, dated April 3, 2026.

Copies of the certificate were also sent to National Securities Depository Limited and Central Depository Services India Ltd, ensuring comprehensive regulatory notification across all relevant depositories and exchanges.

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