Manappuram Finance Limited has formally confirmed the resignation of six Non-Executive Independent Directors from its Board, effective as of May 5, 2026. The company has updated its corporate disclosures to reflect the exit of these board members, providing details on their previous professional affiliations and committee memberships in compliance with transparency requirements. The leadership team is currently overseeing the transition following these departures.
Board Composition Update
Following a recent meeting of the Board of Directors held on May 5, 2026, Manappuram Finance Limited announced the formal resignation of six of its Independent Directors. This leadership change marks a significant transition for the company’s governance structure.
Resigning Board Members
The directors who have stepped down from their roles include 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.
Details on Professional Affiliations
In the interest of maintaining transparent corporate governance, the company disclosed the external board commitments of the departing members as of April 1, 2026. Notably, Mr. T C Suseel Kumar held multiple committee-level positions, including roles as Chairman of the Audit Committee at PCBL Chemical Limited and the Nomination and Remuneration Committee at Firstsource Solutions Limited. Other departing members, including Ms. Pratima Ram, also held independent directorships in entities such as Minda Corporation Limited. Several of the resigning directors did not hold other equity-listed directorships at the time of their departure.
Source: BSE
