Manappuram Finance Share Price in Focus; Reports Inadvertent Trade Violation Under SEBI PIT Regulations

Manappuram Finance Limited has reported a violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015, due to an inadvertent trade in the discretionary Portfolio Management Services (PMS) account of a designated person.  

This incident was attributed to an operational lapse by the PMS provider. 

Details of the Inadvertent Trade 

The trade involved 2,111 equity shares of Manappuram Finance, valued at ₹6,14,828.75, executed on February 3, 2026.  

The designated person, Mr. Abhijit Sen, an Independent & Non-Executive Director, had previously instructed the PMS provider to classify the company's securities under the "Prohibited Category" to prevent any dealings.  

However, this restriction was not implemented at the system level, leading to the transaction. 

Company's Response and Actions Taken 

Upon discovering the violation, Manappuram Finance examined the matter and placed it before the Audit Committee and the Board.  

The company acknowledged the violation as technical and inadvertent, given the absence of intent and the confirmation of the operational lapse by the PMS provider.  

Consequently, a monetary penalty of ₹20,000 was imposed on the designated person, which is being remitted to the SEBI Investor Protection and Education Fund (IPEF). 

Compliance and Preventive Measures 

The company has ensured that necessary safeguards are in place to prevent a recurrence of such incidents.  

The violation was reported in the format prescribed by SEBI, adhering to regulatory requirements. Manappuram Finance has taken steps to strengthen its compliance framework and ensure stricter adherence to the Code of Conduct. 

Read More: RBI Proposes Easier TReDS Onboarding to Help MSMEs Get Faster Access to Funds! 

Manappuram Finance Share Price Performance 

As of April 08, 2026, at 3:30 PM, Manappuram Finance share price on NSE was closed at ₹269.55 up by 5.27% from the previous closing price. 

Conclusion 

Manappuram Finance's disclosure of the inadvertent trade violation underlines the importance of robust compliance mechanisms. The company's swift action and adherence to regulatory requirements demonstrate its commitment to maintaining transparency and accountability. 

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