Manappuram Finance Limited Announces Resignation of CEO Deepak Reddy
Manappuram Finance Limited has announced that Mr. Deepak Reddy has resigned from his position as Chief Executive Officer and Key Managerial Personnel. The resignation was submitted on July 03, 2026, with the stated reason being to pursue other personal and professional interests.The company confirmed that Mr. Reddy will be relieved of his duties with effect from the close of business hours on December 31, 2026. During this period leading up to his cessation, he will remain on garden leave.
This transition involves the departure of the key managerial figure, as outlined in the details provided by Manappuram Finance Limited. The company confirmed that Mr. Deepak Reddy resigned from the role of Chief Executive Officer and Key Managerial Personnel.
Key operational details regarding the executive change are summarized below:
| Particulars | Detail |
|---|---|
| Name | Mr. Deepak Reddy |
| Position | Chief Executive Officer & Key Managerial Personnel |
| Date of Resignation Notice | July 03, 2026 |
| Reason for Change | To pursue other personal and professional interests |
| Cessation Date | December 31, 2026 (Close of business hours) |
MANAPPURAM Stock Price Movement
Today, Manappuram Finance Limited equity climbed in the post-market session, closing at ₹328.20 after posting a 1.97% gain. The stock saw strong buying interest throughout the day as it traded within its range and demonstrated significant momentum toward annual highs.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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