Muthoot Capital Services Limited has strengthened its board governance by appointing Ms. Manimekhalai A as a Non-Executive Independent Director and re-appointing Mrs. Shirley Thomas for a second consecutive term. The Board of Directors approved these changes at its meeting held on July 16, 2026. These appointments are subject to shareholder approval via Special Resolution within stipulated timelines, enhancing the company's governance structure with experienced banking professionals.

Ms. Manimekhalai A has been appointed as an Additional Director effective July 16, 2026, until the ensuing General Meeting. Upon approval, she will serve as an Independent Director for five consecutive years. A distinguished banker with over three decades of experience, she previously served as Managing Director and CEO of Union Bank of India until her retirement in 2026. Her career includes leadership roles at Canara Bank and Vijaya Bank.

The Board also approved the re-appointment of Mrs. Shirley Thomas, whose current term expires on November 24, 2026. She has been re-appointed as a Non-Executive Independent Director for a second consecutive term of five years commencing November 25, 2026. Mrs. Shirley Thomas brings extensive experience from her tenure at the State Bank of India, where she held senior management roles including Senior Vice President and General Manager.

In addition to board changes, the company appointed M/s. K. Venkatachalam Aiyer & Co., Chartered Accountants, as the Tax Auditor for the Financial Year 2026-27. The firm, established in 1945, was appointed for a term of one financial year to conduct the tax audit under the provisions of the Income-tax Act, 1961.

Key Appointments

Muthoot Capital Services Limited has granted 2,68,979 stock options to eligible employees under its ESOP 2018 Scheme. The Nomination and Remuneration Committee approved the grant on July 15, 2026, with the options priced at ₹222.12 per share. The options vest over a period of four years from the date of grant and can be exercised within a maximum period of five years from the date of each vesting.

The scheme is in terms of the SEBI (SBEB) Regulations, 2021. The total number of shares covered by these options is 2,68,979 equity shares of face value ₹10 each, fully paid-up. The pricing formula is based on the market price on the stock exchange with higher trading volume immediately prior to the date of grant.

Key Details of the Grant

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation has been uploaded on the company's website.