Manappuram Finance disclosed an inadvertent insider trading violation by Independent Director Abhijit Sen via a PMS account.
A trade of 2,111 equity shares valued at ₹6,14,828.75 occurred on February 3, 2026, due to a PMS provider's operational lapse.
The company imposed a ₹20,000 penalty on Sen, deemed the violation technical, and remitted the amount to SEBI's IPEF.
The board and audit committee reviewed the matter, confirming no UPSI was involved and no intent to violate regulations.