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SEBI Warns Manappuram CMD Over Delayed Share Disclosures
25 Apr
Summary
- SEBI issued a warning letter to Manappuram Finance Chairperson V.P. Nandakumar.
- The warning concerns delayed disclosures of share encumbrances from 2018.
- No financial penalty or restriction was imposed on the company or CMD.
Securities and Exchange Board of India (SEBI) has issued a warning letter to V.P. Nandakumar, the Chairperson and Managing Director of Manappuram Finance. This administrative warning, dated April 24, 2026, addresses Nandakumar in his personal capacity regarding delayed disclosures of share pledges.
The specific violation pertains to transactions conducted between September 21 and September 24, 2018. These disclosures were made on October 11, 2018, resulting in a seven-day delay and constituting a breach of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
Manappuram Finance has emphasized that this SEBI communication has no financial repercussions for the company. No penalty or restriction has been imposed on either the company or its CMD as a direct result of the warning. The stock experienced a 1.1% decline on Friday, contributing to an overall drop of nearly 8% year-to-date.
