Manba Finance ₹99.99 crore issue; AGM and dividend dates

Board clears ₹99.99 crore preferential issue

Manba Finance Limited (NSE: MANBA | BSE: 544242) said on September 23, 2026 that its Board of Directors has approved raising ₹99.99 crore through a preferential issue of securities. The NBFC described itself as diversified and multi-product in its communication. The proposed fundraising is structured as a mix of fresh equity and promoter-linked instruments. The company indicated that the proposal will move to shareholders for approval.

The preferential issue is split into two components. Equity shares worth ₹67.50 crore are proposed to be issued to non-promoter investors. Convertible warrants worth ₹32.49 crore are proposed to be issued to the promoter group. Together, these add up to the approved ₹99.99 crore issuance size.

Authorised share capital to rise to ₹65 crore

Along with the fundraising plan, the board approved an increase in authorised share capital. The company plans to raise authorised share capital from ₹55 crore to ₹65 crore. This step typically supports the ability to issue additional securities, including equity shares and warrants, subject to the required approvals. The company has indicated these proposals will be placed before shareholders.

Use of proceeds: lending and financing activities

Manba Finance stated that the funds are intended for lending and financing activities. The company operates as an RBI-registered NBFC focused on retail lending, including financing for new and used two-wheelers, three-wheelers (including EVs), small business loans and personal loans. The company also referenced a broad dealer and branch network across multiple states and tech-enabled quick loan processing.

A market note in the provided update also linked the proposed capital raise to supporting lending growth, subject to member approval and stock exchange approvals. Any actual deployment of funds, and the pace at which it occurs, will depend on the completion of the preferential issue process and fulfilment of conditions attached to such issuances.

EGM on October 19, 2026 for shareholder approval

The company has scheduled an extraordinary general meeting (EGM) on October 19, 2026. The stated purpose is to seek member approval for the preferential issue and the authorised share capital increase. Preferential issues and warrants generally require shareholder consent under applicable rules, and the company has indicated it is following that route. The update also referenced the need for approvals from BSE and NSE for the transaction.

Management and board reappointments approved

Manba Finance’s board also approved multiple reappointments. Ms. Neelam Tater was approved for re-appointment as an Independent Director for five years. The board also approved re-appointment of key managerial personnel for three-year terms with revised remuneration.

The executives listed for re-appointment include Mr. Manish Kiritkumar Shah (Managing Director), Mr. Monil Manish Shah (Whole-time Director), Ms. Nikita Manish Shah (Whole-time Director) and Mr. Jay Mota (Whole-time Director). The company has indicated these items will be part of the approvals being placed before members.

30th AGM on September 26, 2026 via VC

Separately, Manba Finance has scheduled its 30th Annual General Meeting (AGM) for Saturday, September 26, 2026. The AGM is set for 1:00 pm IST and will be held through video conferencing or other audio-visual means (VC/OAVM), in line with Ministry of Corporate Affairs circulars. The company said the date was announced in a regulatory filing dated September 1, 2026. The AGM notice forms part of the Annual Report for the financial year ended March 31, 2026.

The AGM agenda includes ordinary business items highlighted in the update. These include adoption of the audited financial statements for FY26 and the reports of the Board of Directors and Auditors. It also includes confirmation of payment of a final dividend and a director reappointment item as stated in the notice summary.

FY26 final dividend set at ₹0.25 per share

Manba Finance has proposed a final dividend of ₹0.25 per equity share for FY26. The face value of each equity share is ₹10, as stated in the notice summary. The company also announced September 18, 2026 as the record date for determining shareholder entitlement to the final dividend for FY26. The update indicated the dividend would be payable on or after the date specified in the AGM communication.

E-voting window and cut-off date

Remote e-voting is scheduled to open on Tuesday, September 22, 2026 at 9:00 am and close on Friday, September 25, 2026 at 5:00 pm IST. The cut-off date for determining eligibility to attend and vote at the AGM is Saturday, September 19, 2026. The e-voting facility is being provided by MUFG Intime India Private Limited.

The company also asked shareholders to ensure that email addresses and contact details are updated. Shareholders holding shares in physical mode were requested to update email addresses using Form ISR-1 with the Registrar and Share Transfer Agent, while demat holders were advised to update details with their depository participants.

Annual report access for shareholders without registered email

Manba Finance said shareholders without registered email addresses will receive a web link to access the FY 2025-26 Annual Report and the notice of the 30th AGM. The company also stated that all relevant information, including the AGM notice and annual report, is available on the company’s website. Shareholders seeking a physical copy of the annual report were instructed to write to the investor relations team with Folio No. or DP ID and Client ID.

Key facts at a glance

Market impact: what investors should track

The immediate market relevance is that Manba Finance has outlined a specific fundraising size of ₹99.99 crore and a clear split between equity (₹67.50 crore) and promoter warrants (₹32.49 crore). For shareholders, the structure matters because equity issuance to non-promoters increases outstanding shares upon allotment, while warrants convert into equity if and when exercised, subject to the terms of issue.

Investors will also track the approval path and timelines. The company has already set an EGM on October 19, 2026 for member approval, and referenced the need for BSE and NSE approvals. Separately, the FY26 AGM process has fixed dates for record date and e-voting, which are relevant for dividend eligibility and shareholder participation.

Why this update matters

The combination of corporate actions in September and October 2026 sets up multiple decision points for shareholders. The AGM covers routine governance and FY26 dividend confirmation, while the EGM seeks consent for a capital raise and an authorised capital increase. The company has also moved on board and management continuity by approving reappointments, including an Independent Director for five years and several executive directors for three-year terms.

Conclusion

Manba Finance’s board has approved a ₹99.99 crore preferential issue, an authorised share capital increase to ₹65 crore, and scheduled an EGM on October 19, 2026 to seek shareholder approval. In parallel, the company’s 30th AGM is set for September 26, 2026 via VC with e-voting from September 22 to 25, 2026, and a proposed FY26 final dividend of ₹0.25 per share with a September 18 record date. The next confirmed milestone for investors is the EGM vote, alongside completion of the stated exchange and member approval process for the preferential issue.