Muthoot Capital Services Limited has informed the Exchange the Outcome of Postal Ballot
MUTHOOTCAP · price
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Muthoot Capital Services conducted a postal ballot to seek shareholder approval for a variation in the remuneration of Whole-Time Director Ms. Tina Suzanne George. The special resolution was rejected, with 92.01% of votes cast against it and only 7.99% in favour. Notably, the promoter and promoter group, who hold 10,298,892 shares (about 62.6% of equity), did not participate in voting at all. Public institutional investors voted 100% against the resolution, while public non-institutional shareholders showed some support (87.53% in favour), but their participation was very low at just 13,407 shares. The resolution failed as votes in favour (7.99%) fell far short of the 75% threshold required for special resolutions. The voting period ran from May 28 to June 26, 2025.
This is a significant governance red flag — the rejection, driven by institutional investors and promoter abstention, signals disagreement on executive compensation. Shareholders may view this negatively, and the company will need to revisit director remuneration terms. Expect possible short-term negative sentiment on the stock.