The Securities and Exchange Board of India (SEBI) has issued an administrative warning to V.P. Nandakumar, Chairman and Managing Director of Manappuram Finance Ltd, for not promptly disclosing share pledge transactions. The warning, dated April 24, was related to a delay in reporting the pledge of shares by Nandakumar in his personal capacity for transactions conducted between September 21 and September 24, 2018. The disclosure was finally made on October 11, 2018, reflecting a delay of seven days.
The communication from SEBI to Nandakumar clarified that it was directed at him personally and would not have any financial or operational impact on Manappuram Finance Ltd. The regulatory filing highlighted that no penalties or restrictions were imposed following the warning. Earlier this month, the company had reported a breach of its code of conduct under insider trading regulations, involving a transaction through the portfolio management services (PMS) account of one of its independent directors.
Manappuram Finance’s shares closed about 1% lower at Rs 289.65 each on the NSE on Friday. The stock has seen an 8% decline this year, reaching a 52-week high of Rs 321 and a low of Rs 222.51. In Q3FY26, the company reported a consolidated profit after tax (PAT) of Rs 239 crore, marking a 14% decrease from the same period the previous year. Net interest income (NII) dropped by 18.36% year-on-year to Rs 1,298.9 crore, while consolidated revenue from operations stood at Rs 2,353 crore, down by 8%.
During the quarter, consolidated assets under management (AUM) for Manappuram Finance increased by 18.1% to reach Rs 522 billion.
