Muthoot Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
MUTHOOTFIN · price
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Muthoot Finance Limited has announced the results of a postal ballot conducted to approve the alteration of the Object Clause of its Memorandum of Association to align with the Companies Act 2013. The special resolution was passed with an overwhelming majority of 99.99% votes in favor (37,44,43,882 votes) versus only 4,447 votes (0.001%) against. Voting took place from April 16, 2026 to May 15, 2026 via remote e-voting on CDSL's platform. The resolution was deemed passed on May 15, 2026. All three voting categories—promoter group (100% favor), public institutions (99.99% favor), and public non-institutions (98.57% favor)—voted overwhelmingly in support.
This is a routine compliance update aligning the company's constitutional documents with current company law. It does not have immediate financial implications but provides legal clarity for the company's operations and future business activities. Shareholders can view this as a standard administrative approval.