Muthoot Capital Services Limited has submitted the Exchange a copy of Srutinizers report along with Voting Results
MUTHOOTCAP · price
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Muthoot Capital Services Limited put up a Special Resolution via Postal Ballot to approve a variation in the remuneration terms of Whole-Time Director Ms. Tina Suzanne George. Voting took place remotely from May 28 to June 26, 2025, among 21,841 eligible shareholders. Only about 0.89% of outstanding shares participated in voting, and of those, 92.01% voted against the resolution while just 7.99% voted in favour. Promoters and Promoter Group, despite being marked as interested in the resolution, did not cast any votes. Public institutions voted unanimously against (100% of their polled shares), while public non-institutions voted 87.53% in favour. The resolution was officially declared as not passed.
Shareholders have rejected the proposed change in remuneration for the Whole-Time Director, which means the existing pay terms will continue unless the company brings a revised proposal. The 100% rejection from institutional shareholders and the promoters' non-participation raise governance concerns that could affect investor confidence in the company's board decisions.