Manappuram Finance Limited has informed the Exchange regarding 'Taking charge as new CEO of Manappuram Finance Limited - Mr. Deepak Reddy'.
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Manappuram Finance Limited has confirmed that Mr. Deepak Reddy has taken over as the new Chief Executive Officer of the company with effect from August 1, 2025. His appointment was first communicated to the stock exchanges on May 9, 2025, and the transition has now been completed. Following this change, Mr. V P Nandakumar's designation has been revised from 'Managing Director & CEO' to 'Managing Director' effective end of business hours on July 31, 2025. Mr. Nandakumar will continue as Managing Director, and the new CEO will report to him. The disclosure is made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.
This is a leadership transition with continuity — the founder-promoter V P Nandakumar remains at the helm as Managing Director, which should provide stability, while the new CEO brings fresh executive focus on day-to-day operations. Investors should view this as a planned succession move rather than a disruption.