Muthoot Finance Limited seeks shareholder approval via postal ballot to amend its Memorandum of Association and enter the insurance distribution business as a corporate agent.
The e-voting period runs from April 16, 2026, to May 15, 2026, with results to be declared by May 17, 2026.
The proposed amendment will allow the company to distribute all classes of insurance products, including life, general, and health insurance.
This diversification is intended to create cross-selling opportunities and new revenue streams while maintaining the company's NBFC status.