Manappuram Finance Limited (NSE:MANAPPURAM) filed an intimation with BSE and NSE on July 16, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, disclosing that the tenure of Mr. Madhu Mohan A.M. as Chief Risk Officer of the company will conclude on July 17, 2026. With effect from July 18, 2026, Mr. Jinu Chandrasekhar, currently Vice President and Deputy Chief Risk Officer, has been entrusted with the additional charge of Interim Chief Risk Officer for a transitional period.
Key Highlights
- Mr. Madhu Mohan A.M.'s tenure as Chief Risk Officer of Manappuram Finance Limited concludes on July 17, 2026, following the completion of his contractual term with the company.
- Mr. Jinu Chandrasekhar, currently serving as Vice President and Deputy Chief Risk Officer, has been assigned the additional responsibility of Interim Chief Risk Officer effective July 18, 2026.
- Mr. Jinu Chandrasekhar will retain his classification as a Non-Senior Management Personnel of the company throughout the interim period, as explicitly clarified in the exchange filing.
- The interim arrangement is described as transitional and will remain in effect until a regular Chief Risk Officer is appointed and assumes charge of the role.
- The disclosure was filed by Company Secretary Aparna Menon pursuant to Regulation 30 and Schedule III, Part A of the SEBI Listing Regulations, read with the SEBI Master Circular dated January 30, 2026.
- The announcement has been simultaneously filed with BSE Limited (Scrip Code: 531213), the National Stock Exchange of India Limited (Symbol: MANAPPURAM), and India International Exchange (IFSC) Limited at GIFT City, Gandhinagar.
About the Company
Manappuram Finance Limited is a Kerala-headquartered non-banking financial company (NBFC) registered with the Reserve Bank of India and listed on both BSE (Scrip Code: 531213) and NSE (Symbol: MANAPPURAM). The company is primarily engaged in gold loan financing and also operates through subsidiaries offering microfinance, housing finance, vehicle finance, and insurance broking services. Its gold loan business is conducted across a wide network of branches spread throughout India, with a significant presence in southern states. The company is regulated by the RBI and falls under the NBFC sector within Indian financial services.
Announcement in Detail
In a filing bearing reference number SEC/SE/89/2026-27 and dated July 16, 2026, Manappuram Finance Limited informed the stock exchanges that Mr. Madhu Mohan A.M., who served as the Chief Risk Officer of the company, will complete his tenure on July 17, 2026. The filing was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and included the mandatory disclosure particulars prescribed under Para A of Part A of Schedule III of the Listing Regulations, read with the SEBI Master Circular dated January 30, 2026, bearing reference number HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.
The company has assigned the additional responsibility of Interim Chief Risk Officer to Mr. Jinu Chandrasekhar, who presently serves as Vice President and Deputy Chief Risk Officer. This interim charge takes effect from July 18, 2026. The filing explicitly states that Mr. Jinu Chandrasekhar is not classified as Senior Management Personnel and will continue to hold that Non-Senior Management Personnel classification during the transitional period. The reason for Mr. Madhu Mohan A.M.'s exit is recorded as tenure completion, with no resignation, removal, or other cause indicated in the Annexure filed with the exchanges.
The company has confirmed that the above information has been uploaded on its official website under the disclosures and intimations section at https://www.manappuram.com/disclosure-intimation-stock-exchange in compliance with the applicable Listing Regulations. The filing was signed by Aparna Menon, Company Secretary of Manappuram Finance Limited, confirming its authenticity and regulatory compliance. No brief profile disclosure for an incoming appointee was required, as Mr. Jinu Chandrasekhar's role is interim in nature and he does not carry a Senior Management Personnel designation.
Impact on Investors
Investors will note that the departure of Mr. Madhu Mohan A.M. from the Chief Risk Officer position is attributed solely to the completion of his contractual tenure, and the filing does not indicate any regulatory concern, disciplinary action, or governance issue associated with the change. The disclosed terms indicate that the company has planned for continuity in its risk management function by assigning interim charge to an existing internal officer, Mr. Jinu Chandrasekhar, who is already serving in the Deputy Chief Risk Officer capacity. Shareholders will observe that the company has used an internal succession mechanism for the transitional phase rather than leaving the position vacant.
The filing shows that Mr. Jinu Chandrasekhar's classification as Non-Senior Management Personnel is preserved during the interim period, which has a bearing on the scope of disclosure obligations the company would face should further changes occur. Investors will note that for a regulated NBFC such as Manappuram Finance, the Chief Risk Officer is a key function-holder overseen by the RBI's regulatory framework for NBFCs. The company's filing indicates the search for a permanent CRO is ongoing. Until a regular appointment is confirmed and announced through a subsequent exchange filing, the interim arrangement disclosed here will govern the risk management leadership at the company.
Sector / Market Context
The Chief Risk Officer role in non-banking financial companies holds particular regulatory significance in India. The Reserve Bank of India, through its scale-based regulatory framework for NBFCs, has progressively strengthened governance and risk management requirements for larger NBFCs, including those classified as NBFC-Upper Layer and NBFC-Middle Layer entities. Manappuram Finance, with its scale of gold loan and diversified lending operations, operates in an environment where risk management oversight is considered a material governance function by both the RBI and institutional investors.
The gold loan NBFC segment in India has seen heightened regulatory attention in recent periods, with the RBI issuing guidelines on loan-to-value ratios, auction processes, and end-use monitoring for gold loans. In this context, the continuity of robust risk oversight functions is an area shareholders and analysts in the NBFC sector typically monitor closely. Manappuram Finance's prompt disclosure of the CRO transition, along with its interim appointment arrangement, is consistent with the enhanced disclosure standards expected under the SEBI Listing Regulations and RBI governance norms applicable to the sector.