Muthoot Capital Services Limited has informed the Exchange regarding Resignation of Mr. Sooraj Mohan as Head -Collections of the company w.e.f. closure of business hours of April 23, 2026.
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Muthoot Capital Services Limited has accepted the resignation of Mr. Sooraj Mohan from the position of Head - Collections, effective from the close of business hours on April 23, 2026. He resigned citing personal reasons related to his professional career growth. The company has simultaneously appointed Mr. Vinay B N as the new Head - Collections and Recoveries, effective April 24, 2026. Mr. Vinay brings over 24 years of experience, with his most recent role being Zonal Collection Head for the Eastern Region at Toyota Financial Services India Limited, the captive finance arm of Toyota Kirloskar Motors. The transition appears to be a planned, orderly handover.
This is a routine senior management change with no governance red flags. A replacement has already been lined up, which should ensure continuity in collections and recoveries operations. Minimal impact expected on the stock price.