Muthoot Finance Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 30, 2025
MUTHOOTFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Muthoot Finance has called its 28th AGM on August 30, 2025 at 3:30 PM via video conferencing, with remote e-voting open from August 27-29, 2025 (cut-off date August 23, 2025). Shareholders will vote on adopting the FY25 audited standalone and consolidated financial statements. Key resolutions include re-appointment of George Thomas Muthoot and Alexander George as directors (retiring by rotation), and re-appointment of Alexander George as Whole Time Director for 5 years from September 30, 2025 with a basic salary and special allowance of Rs 35 lakh each per month plus performance incentives. Other items include re-appointment of independent director Chamacheril Abraham Mohan for a second term (he will turn 75 during the term), appointment of new independent director Koodathumuriyil Verghese Eapen from October 1, 2025, appointment of KSR & Co as Secretarial Auditors for FY26-FY30, increasing maximum board strength from 15 to 16, and amending Article 100 of the Articles of Association.
This is a routine AGM notice, but the substantial executive remuneration for the Whole Time Director (over Rs 1.6 crore per month in fixed pay plus incentives) and board expansion to 16 directors are governance points shareholders may evaluate. No immediate impact on share price is expected from these resolutions alone.