AGM Details

The 29th Annual General Meeting of Muthoot Finance Limited will be held on Monday, August 31, 2026, at 3:30 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) without physical presence of members, in compliance with MCA Circular No. 03/2025 dated September 22, 2025, and SEBI circulars.

Business Items to be Transacted

Ordinary Business

Item No. 1: Adoption of Financial Statements

  • To receive, consider and adopt Audited Standalone Financial Statements for FY 2025-26 ended March 31, 2026, with Reports of Board of Directors and Auditors
  • To receive, consider and adopt Audited Consolidated Financial Statements for FY 2025-26 ended March 31, 2026, with Report of Auditors

Item No. 2: Re-appointment of Mr. George Alexander Muthoot (DIN: 00016787)

  • Director liable to retire by rotation
  • Ordinary resolution for re-appointment

Item No. 3: Re-appointment of Mr. George Jacob Muthoot (DIN: 00018235)

  • Director liable to retire by rotation
  • Ordinary resolution for re-appointment

Special Business

Item No. 4: Re-appointment of Mr. Joseph Korah (DIN: 09128318) as Independent Director

  • For second consecutive term of 3 years
  • From conclusion of 29th AGM till conclusion of 32nd AGM in 2029
  • Special resolution required
  • Current term expiring at 29th AGM
  • Remuneration: Commission up to 1% of net profits plus sitting fees
  • FY25-26 remuneration: Sitting fee of ₹0.72 million + Commission of ₹1.8 million

Item No. 5: Re-appointment of Mr. George Muthoot George (DIN: 00018329) as Whole Time Director

  • Period: December 15, 2026 to March 31, 2031 (5 years)
  • Special resolution required
  • Current term expiring December 14, 2026
  • FY25-26 remuneration: ₹78 million

Remuneration Structure for Whole Time Directors (Items 5, 6, 7, 9):

  • Basic Salary: ₹18,40,000 per month (with annual increments up to 15%)
  • Special Allowance: ₹18,40,000 per month (with annual increments up to 15%)
  • Performance Incentive: Up to 0.50% of PBT before charging incentive, payable quarterly
  • Perquisites:
  • Residential accommodation or HRA at 50% of basic salary
  • Reimbursement of residential expenses up to basic salary per annum
  • Other perquisites up to basic salary per annum including medical, travel, LTA, club fees, insurance, PF, gratuity, leave encashment, car/conveyance

Item No. 6: Re-appointment of Mr. George Alexander (DIN: 00018384) as Whole Time Director

  • Period: December 15, 2026 to March 31, 2031 (5 years)
  • Special resolution required
  • Current term expiring December 14, 2026
  • FY25-26 remuneration: ₹78 million

Item No. 7: Re-appointment of Mr. George Muthoot Jacob (DIN: 00018955) as Whole Time Director

  • Period: December 15, 2026 to March 31, 2031 (5 years)
  • Special resolution required
  • Current term expiring December 14, 2026
  • FY25-26 remuneration: ₹78 million

Item No. 8: Appointment of Mr. Eapen Alexander (DIN: 03493601) as Director

  • Liable to retire by rotation
  • Period: October 1, 2026 to March 31, 2031
  • Ordinary resolution required

Item No. 9: Appointment of Mr. Eapen Alexander (DIN: 03493601) as Whole Time Director

  • Period: October 1, 2026 to March 31, 2031
  • Subject to RBI approval for director appointment
  • Special resolution required
  • Remuneration structure same as other Whole Time Directors
  • FY25-26 remuneration: ₹78 million (as Executive Director)

Item No. 10: Appointment of Mr. Alexander George (DIN: 00938073) as Managing Director

  • Period: October 1, 2026 to March 31, 2031
  • Special resolution required
  • Currently serving as Whole Time Director

Managing Director Remuneration Structure:

  • Basic Salary: ₹40,25,000 per month (with annual increments up to 15%)
  • Special Allowance: ₹40,25,000 per month (with annual increments up to 15%)
  • Performance Incentive: Up to 1% of PBT before charging incentive, payable quarterly
  • Perquisites same as Whole Time Directors
  • FY25-26 remuneration: ₹296.69 million (as Whole Time Director)

Item No. 11: Appointment of Mr. George Alexander Muthoot (DIN: 00016787) as Vice Chairman and Whole Time Director

  • Period: October 1, 2026 to March 31, 2031
  • Special resolution required
  • Currently serving as Managing Director
  • Remuneration structure same as Managing Director
  • FY25-26 remuneration: ₹296.69 million (as Managing Director)

Shareholder Information

Record Date: Monday, August 24, 2026 (for e-voting eligibility)

Remote E-voting Period:

  • Commences: Friday, August 28, 2026 at 9:00 AM IST
  • Ends: Sunday, August 30, 2026 at 5:00 PM IST
  • Service Provider: Central Depository Services (India) Limited (CDSL)

Shareholding Patterns (as of March 31, 2026):

  • George Alexander Muthoot: 2,36,30,900 shares (5.89%)
  • George Jacob Muthoot: 4,36,30,900 shares (10.87%)
  • George Muthoot George: 2,22,89,710 shares (5.55%)
  • George Alexander: 1,75,25,000 shares (4.37%)
  • George Muthoot Jacob: 1,50,50,000 shares (3.75%)
  • Eapen Alexander: 1,75,25,000 shares (4.37%)
  • Alexander George: 2,22,89,710 shares (5.55%)

Governance Details

  • Scrutinizer: Mr. Sunil Sankar P, Practising Company Secretary (ACS 20171; CP 10613)
  • Company Secretary: Mr. Rajesh Achutha Warrier (FCS 7106)

Important Notes

  • Physical attendance not permitted - meeting conducted entirely through VC/OAVM
  • Proxy appointments not available for virtual AGM
  • Documents available for electronic inspection by members from notice date until AGM date
  • Register of Members and Share Transfer Books closed from August 24-31, 2026
  • Members must update email/mobile details with Depository Participants for e-voting access

#Tags: #MuthootFinance #AGM2026 #DirectorAppointments #SEBIDisclosure #CorporateGovernance #Neutral