Muthoot Microfin Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 24, 2025
MUTHOOTMF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Muthoot Microfin has notified the stock exchanges about its 33rd AGM scheduled for Thursday, July 24, 2025, at 3:30 PM via video conferencing. The meeting will consider adopting the audited financial statements for FY ended March 31, 2025, and the re-appointment of Mr. Thomas Muthoot (DIN: 00082099), who retires by rotation. Two special business items are on the agenda: (1) appointment of M/s. SEP & Associates as Secretarial Auditors for a 5-year term (FY2025-26 to FY2029-30) at a fee of ₹1,75,000 plus taxes, with a 10% fee hike every two years from FY2027-28; and (2) approval to raise up to ₹1,000 Crores through private placement of non-convertible debentures (NCDs) and up to ₹500 Crores via public issue of NCDs, in one or more tranches within one year, within the overall borrowing limit of ₹15,000 Crores. The notice and annual report are available on the company's website and stock exchange portals. Remote e-voting begins July 21, 2025 and ends July 23, 2025.
Routine AGM notice for shareholders, but the NCD borrowing proposal of up to ₹1,500 Crores (₹1,000 Cr private placement + ₹500 Cr public issue) signals continued fund-raising for on-lending and growth, which could be slightly equity-dilutive for borrowings but is standard for an NBFC's working capital needs. No immediate dividend or material corporate action announced.