Manappuram Finance reports insider trading code violation

Manappuram Finance Limited said that it has reported a violation of its code of conduct under insider trading rules, involving a transaction carried out through the portfolio man-agement services (PMS) account of one of its independent directors.

The company said the trade was linked to Abhijit Sen, who serves as an Independent and Non-Executive Director and is also the Chairman of the Audit Committee. According to the disclosure, the transaction took place on February 3, 2026, and involved the pur-chase of 2,111 shares worth about Rs 6.15 lakh.

Manappuram Finance clarified that the transaction happened due to an operational lapse by the PMS provider, despite clear instructions from the director to block trading in the company’s shares.

The securities were supposed to be placed under a “prohibited category” to avoid any dealings, but this restriction was not implemented properly at the system level.

The company said the director had no role in executing the trade and had not given any instruc-tions for it.

He also confirmed that he did not have access to any unpublished price-sensitive information at the time and had no intention of violating insider trading rules.