Manappuram Finance accepts CEO Deepak Reddy resignation effective Dec 31, 2026

Manappuram Finance has accepted the resignation of its Chief Executive Officer, Deepak Reddy, effective December 31, 2026. The executive stepped down to pursue other personal and professional interests, marking a significant leadership transition at the non-banking financial company.

Leadership Transition Details

Deepak Reddy submitted his resignation via email on July 03, 2026. The company confirmed that he will be relieved from his duties at the close of business hours on December 31, 2026. During this interim period, Reddy will be on garden leave.

Parameter	Details
Company	Manappuram Finance
Executive	Deepak Reddy
Designation	Chief Executive Officer (CEO)
Reason	Resignation to pursue other interests
Effective Date	December 31, 2026

The disclosure was made to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that the resignation letter has been enclosed as part of the regulatory filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.56%	-4.68%	+3.86%	+7.09%	+25.39%	+78.28%

Manappuram Finance Limited granted 4,28,568 stock options to eligible employees under its Employee Stock Option Scheme 2025 (ESOP 2025) on June 23, 2026. The grant aims to incentivize employees through equity participation, with options vesting between one and five years from the date of allotment. The exercise price is determined by the Nomination, Compensation and Corporate Governance Committee, subject to a maximum discount of 20% on the market price of the shares on the grant date.

The scheme is compliant with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2021. A total of 4,28,568 equity shares are covered by these options. The exercise period for vested options is a maximum of five years commencing from the date of each vesting. Shares arising from the exercise of vested options will not be subject to any lock-in period from the date of allotment.

ESOP Grant Details

Particulars	Details
Total options granted	4,28,568
Total shares covered	4,28,568 Equity Shares
Pricing formula	Exercise price subject to max 20% discount on market price
Vesting period	Minimum 1 year, maximum 5 years
Exercise period	Maximum 5 years from vesting date

The Board of Directors also addressed changes in senior management personnel effective June 23, 2026. Mr. Manikandan T.G., Head of the Information Technology Department, is no longer classified as a Senior Management Personnel (SMP) as he now reports to the Group CTO. Similarly, Mr. Satheesh Kumar M., Head of Administration, is no longer classified as an SMP due to a departmental realignment, with the Administration function now reporting to the Chief Human Resources Officer (CHRO).

An agenda item regarding the raising of funds up to ₹1,00,000 Crore, including through Non-Convertible Debentures and Commercial Papers, was deferred. The Board decided to consider this proposal at a subsequent meeting, subject to shareholder approval at the Annual General Meeting.