Manappuram Finance : Proceedings and Voting Results of 30th Annual General Meeting.

Ref: Sec/ SE/ 150/2021-22

Date: 26.08.2022

BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	5th Floor, Exchange Plaza
Dalal Street	Bandra (East)
Mumbai- 400001	Mumbai - 400 051
Scrip Code: 531213	Scrip Code: MANAPPURAM

Dear Sir/ Madam,

Please find attached the summary of proceedings of the 30th Annual General Meeting of the Company held on Thursday, 25th August, 2022 as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

We are also enclosed herewith the voting results of Annual General Meeting held on Thursday, 25th August, 2022 along with Scrutinizers Report in this Regard.

Request you to kindly take the same on your record.

Thanking you.

Yours Faithfully,

For Manappuram Finance Limited

MANOJKU MAR V R

Digitally signed by MANOJKUMAR V R DN: c=IN, o=Personal, title=3934, pseudonym=3f7d8785d77fb57dd41384a01ace5 999cb26a0cd22b7f334f205d40dbfb622b7, postalCode=680581, st=Kerala, serialNumber=ec0b07b2d06a85987aa84d48d23 761b1c13f03d66989437cb6348bc1a592cc87, cn=MANOJKUMAR V R

Date: 2022.08.26 12:56:16 +05'30'

Manojkumar V.R

Company Secretary

Ph: [phone]

PROCEEDINGS AT THE 30TH ANNUAL GENERAL MEETING HELD ON THURSDAY, AUGUST 25, 2022, AT 11.00 A.M. AT LATHA CONVENTION CENTRE (FORMERLY KNOWN AS ANUGRAHA AUDITORIUM), VALAPAD, THRISSUR, KERALA - 680 567 AS PER REGULATION 30 OF SEBI (LODR) REGULATIONS, 2015

Mr. Shailesh J Mehta, Chairman of the Company chaired the meeting.

Address by Company Secretary

Mr. Manoj Kumar V R, Company Secretary informed the meeting that Mr. Shailesh J Mehta, Chairman of the Company, Mr. Abhijit Sen, Chairman of the Audit Committee and Adv. V.R.Ramachandran, Chairman of Stakeholders Relationship Committee are present in the meeting. He further informed the meeting that two directors of the Company, Mr. Harshan Kollara and Mr. Gautam Narayan respectively were not able to be present in the meeting, but they have conveyed their regards to all the shareholders. As Mr. Harshan Kollara, Chairman of Nomination Compensation and Corporate Governance Committee was not able to attend the meeting, he has authorized Mr. Shailesh J Mehta (member of the said Committee) on this behalf. All other Board members are present in the meeting. Thereafter Mr. Manoj Kumar V R, Company Secretary requested the Chairman to call the meeting to order and the Chairman declared that there was proper quorum for the meeting and called the meeting to order. Thereafter the meeting commenced with a Silent prayer.

After silent prayer, Mr. Manoj Kumar V R, Company Secretary welcomed all Shareholders, Directors, representatives of Statutory Auditors, Secretarial Auditors, Scrutinizer, representative of e-voting service provider CDSL, promoters, and senior officials of the company & its subsidiary companies to the meeting.

Chairman's address

Mr. Shailesh J Mehta, Chairman welcomed all the participants to the meeting. In his brief speech, the Chairman outlined the company's creditable performance during the financial year 2021-22 despite being a year hit by waves of covid and war tensions. The Chairman congratulated the senior management and the employees who have toiled hard to achieve the creditable results.

The Chairman also pointed out to the meeting that the Corona outbreak forced the corporate world to embrace the digital way due to physical mobility restrictions. As the company has always been in the forefront of adoption of digital strategies to connect with its customers, it gained momentum during the period. The Chairman also mentioned in his speech that the digital initiatives of the company like online and doorstep gold lending are enhancing customer satisfaction while ensuring safety is not compromised. He also

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mentioned in his speech about the digitalizing of operations in regional offices of the company and also the paperless office adopted by the company as a part of its digital initiatives.

The Chairman also mentioned in his speech about the sustainability practices adopted by the company in tune with international practices, and how the same boosted the performance and reputation of the company.

The Chairman in his speech also mentioned about the CSR initiatives undertaken by the Company in the field of healthcare and education.

The Chairman also expressed his optimistic view about a rise in demand in both urban and rural areas due to increased economic activity and thereby an increased demand for more loans from the areas.

At the end of his speech, the Chairman expressed his sincere thanks to all the shareholders, the Board members, and Managing Director & Chief Executive Officer Mr. V P Nandakumar for their valuable advice and guidance.

MD & CEO's Message

Mr. V P Nandakumar, Managing Director and Chief Executive Officer of the company welcomed all Shareholders, Directors, representatives of Statutory Auditors, Secretarial Auditors, Scrutinizer, representative of e-voting service provider CDSL, promoters, and senior officials of the company & its subsidiary companies to the meeting.

The Managing Director and Chief Executive Officer of the company explained to the shareholders about the important reasons for the reduced profits from Asirvad Micro Finance Limited, a subsidiary of the Company, due to the impact of Covid.

The MD & CEO also expressed his optimistic view about the micro finance business due to the regulatory changes applicable from this financial year. In this regard he informed the meeting that the elimination of margin cap has given the companies pricing freedom, which is expected to elevate profits in microfinance. He further informed the meeting that an increase in limit of doing non-MFI business up to 25%, will enable growth of secured portfolio, thereby bringing in a better mix of business.

Thereafter the MD & CEO also mentioned in his speech that the gold loan business was adversely affected due to Covid. In this regard the MD & CEO informed the meeting that one of the major segments of the company is loans with ticket sizes of less than Rs. 1, 00, 000, and due to the pandemic, the majority of customers in that segment were adversely affected and they are yet to fully come back to normalcy. MD &

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CEO also expressed his optimistic view that things are shaping up, and we are positive that these customers will come back to us. The MD & CEO also informed the meeting that the Company is also diversifying into MSME and digital lending etc..

The MD & CEO also expressed his view that, on a macro perspective many countries across the world is grappling with grave issues, India is one of the fastest growing major economies in the world. In this regard the MD & CEO also expressed his view that even when a country like China has 0% growth, India is growing at a rate of 7% approximately and there are also signs of inflation cooling down.

Before concluding his speech, the MD & CEO opined that our nation shown exceptional resilience during the pandemic days, and these are the signs of strength of our nation and is promising factor for the Company also. Hence, we are expecting growth and success in the forthcoming days.

The MD & CEO also expressed his happiness to connect with the shareholders in person as annual general meeting was conducted in physical mode. At the end of his speech, the MD & CEO expressed his sincere thanks to all the shareholders, and the Board members for their valuable advice and guidance.

Notice convening the meeting.

Notice dated 05th July 2022 convening the 30th Annual General Meeting of the Company at Latha Convention Centre (Formerly known as Anugraha Auditorium) Valapad, Thrissur, Kerala - 680 567 at 11.00 A.M. was read at the meeting by the Company Secretary, Mr. Manoj Kumar V.R.

ORDINARY BUSINESS:

Item No 1.

To receive, consider and adopt the Audited Financial Statements including Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 and the reports of the Board of Directors and the Auditors thereon.

Item No 2.

To appoint a director in place of Mr. Gautam Ravi Narayan (DIN: 02971674), who retires by rotation, and being eligible, offers himself for re-appointment.

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SPECIAL BUSINESS

Item No 3.

Re-appointment of Mr. V.P. Nandakumar (DIN: 00044512) as Managing Director and Chief Executive Officer of the Company.

Open Forum

Few questions were raised by the Shareholders and the MD & CEO, Mr. V.P. Nandakumar and CFO Ms. Bindu A L answered to the queries.

E-Voting

CS Suresh M V, FCS, Senior Partner, SMS & Co, Company Secretaries LLP was appointed by the Board of Directors as the Scrutinizer for conducting the electronic voting process in a fair and transparent manner. The meeting was informed that venue e-voting is arranged for those members who have not casted their votes during the remote e-voting period.

Vote of Thanks

The meeting concluded with a vote of thanks to the chair, directors, members and other participants by the Company Secretary, Mr. Manoj Kumar VR.

• All the Documents pursuant to the MCA circular and Companies Act, 2013 were available for inspection.
• Meeting Commenced at 11:00 AM and concluded at 1:45 P.M.
• The Company will separately intimate the results of e-voting to the Stock Exchanges.
• This document does not constitute minutes of the proceedings of the Annual General Meeting of the Company.

Manoj Kumar VR

Company Secretary

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