Manappuram Finance Limited announced that due to the intention to take up higher responsibility in a subsidiary of the Company, Mr. B N Raveendra Babu (DIN:00043622) is stepping down from the position of Executive Director on the Board of the Company with effect from the close of business hours on May 31, 2020. He will continue to be on the Board of Directors of the Company as a Non- Executive, Non-Independent Director.