Based on the prevailing market conditions, the company's board may consider and approve issuances of debt securities during the month of April 2023. The proposal is subject to terms and conditions including the issue price of debt securities, as the board / respective committee may deem fit.

Manappuram Finance is one of India's leading gold loan NBFCs. The NBFC's consolidated net profit soared 50.3% to Rs 392.17 crore on 15.1% rise in total income to Rs 1,734.52 crore in Q3 FY23 over Q3 FY22.

The scrip slipped 2.43% to currently trade at Rs 114.45 on the BSE.