Manappuram Finance Limited has disclosed a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015, involving an inadvertent trade by one of its Independent Directors. The company reported the incident to stock exchanges on April 8, 2026, in compliance with regulatory requirements.

Details of the Violation

The violation involved Mr. Abhijit Sen, Independent & Non-Executive Director and Chairman of the Audit Committee, whose PAN is AAHPS6626D. The inadvertent trade occurred in his discretionary Portfolio Management Services (PMS) account due to an operational lapse by the PMS provider.

Circumstances Leading to Violation

The transaction occurred despite explicit prohibitory instructions being in place. Mr. Abhijit Sen had previously issued specific instructions to the PMS provider to classify Manappuram Finance Limited's securities under the "Prohibited Category" to restrict any dealing in these securities. However, this restriction was not implemented at the system level by the PMS provider, resulting in the inadvertent transaction.

The company confirmed that:

• The transaction was not undertaken pursuant to any instruction, decision, or active involvement by the Designated Person
• The Director was not in possession of any Unpublished Price Sensitive Information (UPSI) at the time of transaction
• There was no intent to contravene the provisions of PIT Regulations or the Company's Code
• The transaction was of an involuntary nature and executed without obtaining prior pre-clearance from the Compliance Officer

Company's Response and Actions

The matter was examined by the Compliance Officer and placed before the Audit Committee and the Board in accordance with the company's Code of Conduct. Considering the technical and inadvertent nature of the violation, Manappuram Finance Limited took the following actions:

• Noted the violation as technical/inadvertent non-compliance
• Obtained written explanation from the Designated Person
• Imposed a monetary penalty of Rs. 20,000 in accordance with the Code

Penalty Payment Details

The penalty amount has been remitted to SEBI's Investor Protection and Education Fund (IPEF) through online transfer with the following details:

Regulatory Compliance

The company has reported no previous instances of violations since the last financial year. The intimation was submitted in the format prescribed by SEBI circular No. SEBI/HO/ISD/ISD/CIR/P/2020/135 dated July 23, 2020, regarding reporting violations under SEBI (PIT) Regulations, 2015. The company has also ensured necessary safeguards to avoid recurrence of such instances and initiated appropriate corrective and preventive measures.

Manappuram finance Limited has filed its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate, submitted on April 07, 2026, demonstrates the company's adherence to regulatory requirements for securities dematerialization processes.

Regulatory Filing Details

The certificate was submitted under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. The filing was addressed to three major stock exchanges where the company's securities are listed.

Registrar Confirmation Process

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's Registrar and Transfer Agent. The registrar provided comprehensive confirmation regarding the dematerialization process for the quarter.

The registrar confirmed that all securities received from depository participants for dematerialization during the quarter ended March 31, 2026, were properly processed and confirmed to the depositories. The confirmation process included acceptance or rejection of securities within prescribed regulatory timelines.

Compliance Verification

The certificate includes several key compliance confirmations:

• Securities received for dematerialization were confirmed or rejected to depositories
• All dematerialized securities remain listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners
• All processes were completed within prescribed timelines

Documentation and Authorization

The filing was authorized by Aparna Menon, Company Secretary of Manappuram Finance Limited, with digital signature authentication dated April 07, 2026. The registrar's confirmation was provided by Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, dated April 3, 2026.

Copies of the certificate were also sent to National Securities Depository Limited and Central Depository Services India Ltd, ensuring comprehensive regulatory notification across all relevant depositories and exchanges.