Manappuram Finance Announces Resignations of Six Independent Directors
Manappuram Finance Ltd has announced that its Board of Directors, during a meeting held on May 05, 2026, took on record the resignations of six individuals who held the position of Non-Executive Independent Directors. The resignations are effective from May 05, 2026.The directors who resigned are Mr. Abhijit Sen, Ms. Pratima Ram, Ms. V P Seemandini, Mr. T C Suseel Kumar, Mr. Edodiyil Kunhiraman Bharat Bhushan, and Mr. Sankaran Nair Rajagopal.
In detailing the implications of these resignations, the company provided a schedule outlining the directorship details of the outgoing directors as of April 01, 2026.
The following table details the names of the independent directors, the listed entities where they hold directorships, and their membership in board committees:
| Sl. No. | Name of Independent Director | Name of the Listed Entity (As on April 01, 2026) | Category of Directorship | Membership of Board Committees (As on April 01, 2026) |
|---|---|---|---|---|
| 1 | Mr. Abhijit Sen | Nil | Nil | Nil |
| 2 | Ms. Pratima Ram | 1. Minda Corporation Limited | Independent Director | Nil |
| 3 | Ms. VPSeemandini | Nil | Nil | Nil |
| 4 | Mr. T C Suseel Kumar | 1. PCBL Chemical Limited 2. Firstsource Solutions Limited 3. LIC Housing Finance Limited | Independent Director | 1. PCBL Chemical Limited: Audit Committee (Chairman), Sustainability and Risk Management Committee (Member), Nomination and Remuneration Committee (Member). 2. Firstsource Solutions Limited: Nomination and Remuneration Committee (Chairman), Audit Committee (Member). 3. LIC Housing Finance Limited: Risk Management Committee (Member), Nomination and Remuneration Committee (Member), IT Strategy Committee (Member), Settlement Committee (Member). |
| 5 | Mr E K Bharat Bhushan | Nil | Nil | Nil |
| 6 | Mr. Sankaran Nair Rajagopal | Nil | Nil | Nil |
MANAPPURAM Stock Price Movement
As of 10:32 AM, shares of Manappuram Finance Limited are shedding 0.97% in live trading, currently priced at ₹302.5. The stock is showing sustained activity, trading on 648,717 shares as it navigates the mid-morning flow.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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