In a regulatory filing, the company said the warning letter, dated April 24, 2026, was issued to Nandakumar in his personal capacity. The delay pertains to disclosures of transactions carried out between September 21 and September 24, 2018, which were disclosed on October 11, 2018, with a seven-day delay.
SEBI observed that the delayed disclosure constituted a violation of Regulation 31(1) read with Regulation 31(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The company clarified that no penalty or restriction has been imposed pursuant to the communication. It also stated that there is no financial impact on Manappuram Finance, as the warning was issued to Nandakumar in his personal capacity.
The shares ended 1.1% in the red on Friday. The stock has fallen nearly 8% in the year so far.
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