Asset Reconstruction Company (India) Limited appointed Kartik Manimuthu as Chief Technology Officer effective October 1, 2026. He joins the senior management team to lead technology strategy.

The appointment was disclosed to stock exchanges under Regulation 30 of the SEBI Listing Regulations. Manimuthu brings over 10 years of experience in FinTech, cloud transformation, and artificial intelligence. His role is full-time and forms part of the company's senior management personnel.

Professional background

Manimuthu previously served as Senior Director – Engineering, AI & Data at SMC Group. In that capacity, he led the organization's AI/ML and enterprise data strategy. His tenure included managing a technology investment portfolio exceeding ₹100 crore.

He has led significant technology transformation initiatives, including transitioning legacy on-premises environments to scalable hybrid-cloud ecosystems. Manimuthu also built AI/ML and Data functions from the ground up, focusing on Generative AI, LLMs, data platforms, automation, cybersecurity, and FinOps.

His earlier career includes leadership roles at Scrut Automation and BYJU'S, spanning engineering leadership, cloud architecture, and platform transformation. He holds a B.Sc. in Computer Science from the University of Mumbai.

Appointment details

The information regarding this appointment is available on the company's website for public record.

Asset Reconstruction Company (India) Limited (NSE: ARCIL) has submitted its amended Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information to the National Stock Exchange and BSE Limited.

The filing, dated September 17, 2026, was made pursuant to Regulation 8(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The updated code was approved by the company's Board of Directors during its meeting held on August 21, 2026.

Governance Framework

The code establishes procedures to ensure uniform dissemination of unpublished price sensitive information (UPSI) to prevent information asymmetry in securities markets. It applies to all disclosures until the information becomes Generally Available Information (GAI).

Key provisions include:

• Chief Investor Relations Officer (CIRO): The Compliance Officer serves as the CIRO, responsible for determining if information constitutes UPSI and ensuring fair disclosure. The Board designated the Compliance Officer as CIRO in its June 14, 2025 meeting.
• Permitted Disclosures: UPSI may be shared with third parties only for legitimate business purposes, statutory obligations, or with entities executing non-disclosure agreements.
• Digital Database: The CIRO must maintain a structured digital database of all UPSI recipients, including names, organizations, nature of information, and contact details. This database must be preserved for at least eight years.
• Need-to-Know Basis: Insiders must handle UPSI strictly on a need-to-know basis and maintain confidentiality. Any inadvertent disclosure requires immediate public dissemination to convert the UPSI into GAI.

Compliance and Reporting

The CIRO is required to report annually to the Audit Committee on compliance status, including any breaches or penalties imposed. The code also mandates that market rumors receive a "no comment" response from permitted employees, with only permitted insiders authorized to verify rumors if requested by regulatory authorities.

The complete code is available on the company's website under the corporate governance section.