Muthoot Capital Services Limited has informed the Exchange about change in Senior Management Personnel
MUTHOOTCAP · price
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Muthoot Capital Services Limited announced a change in its collections leadership. Mr. Sooraj Mohan resigned as Head - Collections effective April 23, 2026, citing personal reasons and career growth. His resignation letter mentioned ensuring a smooth handover. The company appointed Mr. Vinay B N as Head - Collections and Recoveries effective April 24, 2026. Mr. Vinay brings over 24 years of experience, primarily in Collections & Recoveries, and was previously Zonal Collection Head for Eastern Region at Toyota Financial Services India Limited. The changes were approved via circular resolution by the Board of Directors.
This is a routine mid-level management change in the collections department and is unlikely to have any significant impact on the company's operations or stock price. The replacement has relevant industry experience from a captive finance division.