Muthoot Capital Services Limited has informed the Exchange about Outcome of Postal Ballot
MUTHOOTCAP · price
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Muthoot Capital Services Limited conducted a Postal Ballot (remote e-voting from May 28 to June 26, 2025) to seek shareholder approval for a Special Resolution to vary the remuneration terms of Ms. Tina Suzanne George, Whole-Time Director. The resolution was REJECTED by shareholders, with only 7.99% of votes cast in favour and 92.01% against. Notably, the promoter group (holding ~10.3 lakh shares) did not cast any votes despite being interested in the resolution. Public institutions voted 100% against, while public non-institutions were largely supportive (87.53% in favour) but their participation was very low at just 0.25% of outstanding shares. Total shareholder turnout was less than 1% of outstanding shares.
The proposed change in remuneration for the Whole-Time Director will not take effect, meaning existing remuneration terms remain unchanged. This signals shareholder dissent on executive pay decisions and weak promoter engagement on company proposals, which could raise governance concerns among retail investors.