Two senior management personnel resign from Manappuram Finance

Management Changes View source PDF Explain this filing

MANAPPURAM · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹329.00

prior close

₹320.20

announcement price

In-mkt

timing

Nifty Smallcap 250market-2.4%-0.6% vs market

Non Banking Financial Company (NBFC) peers, median of 220sector-0.8%-2.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Smallcap 250 and 2.2 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

+0.0

15m

-0.2

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.1-2.4-0.6-0.8-2.2

Next day

-2.9-2.6-0.3-1.1-1.8

-3.8-1.8-2.0-1.3-2.5

-3.7-0.3-3.4-0.9-2.8

-3.9-0.3-3.6-1.0-2.9

-2.9-0.4-2.5-1.4-1.5

-1.2-1.0-0.2-1.8+0.6

15d

-5.7-2.3-3.4-2.0-3.6

-1.7-3.9+2.2-2.8+1.1

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UpDownMarket · Nifty Smallcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 220Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Manappuram Finance has informed exchanges about the resignation of two senior management personnel citing personal reasons. Mr. Digbijay Bandyopadhyay, Business Head of Commercial Vehicle Finance (VP), exits on September 15, 2026. Mr. Ajay Bhalchandra Shelke, Business Head of Two-Wheeler Finance, exits on September 16, 2026. Both served full 90-day notice periods from their June 2026 resignation submissions.

Likely market impact

Two senior-level exits in vehicle finance verticals; watch for replacement announcements and any impact on these business segments.