Manappuram Finance Limited Discloses SEBI Warning Against CMD in Personal Capacity
Manappuram Finance Limited Discloses SEBI Warning Against CMD in Personal Capacity
Manappuram Finance Limited, a leading Indian Non-Banking Financial Company (NBFC) specialising in gold loans, recently issued a disclosure to BSE Ltd, NSE Ltd and IFSC Ltd regarding receipt of a warning letter.
Background
The company said that the Securities and Exchange Board of India (SEBI) issued an administrative warning letter to Mr V.P. Nandakumar, Chairman and Managing Director, in his personal capacity.
Details of the violation
The Securities and Exchange Board of India found that Mr V. P. Nandakumar did not report on time that he had pledged some of his shares in the company.
He made those transactions between September 21 and September 24, 2018, but reported them only on October 11, 2018, about 7 days late. Because of this delay, he broke the disclosure rules under SEBI regulations.
Financial Impact
The company also clarified that the matter does not affect it, as the notice was issued to Mr V. P. Nandakumar in his personal capacity.
Key Details
| Particular | Details |
| Listed Company | Manappuram Finance Limited |
| Issuing Authority | SEBI |
| Date of receipt | 24th April 2026 |
| Type of communication | Administrative Warning Letter |
| Letter Issued Via |
Company’s Disclosure
The company made the above disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.