Manappuram Finance Limited has informed the Exchange about General Updates
MANAPPURAM · price
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SEBI has issued an Administrative Warning Letter dated April 24, 2026 to Mr. V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance Limited, in his personal capacity. The warning relates to a delayed disclosure of encumbrance/pledge of his shares in the company. The transactions occurred between September 21-24, 2018, but disclosure was made only on October 11, 2018, resulting in a 7-day delay. SEBI found that Mr. Nandakumar violated Regulation 31(1) read with Regulation 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has clarified that there is no financial or operational impact on Manappuram Finance Limited as the warning was issued to the individual personally.
Minimal impact for shareholders as the warning was issued to the CMD personally with no financial penalty on the company. However, it highlights a past disclosure non-compliance by the promoter.