Muthoot Capital Services has scheduled a meeting of its Debenture Issue and Allotment Committee for September 16, 2026. The session will focus on approving the proposed issuance of Non-Convertible Debentures on a private placement basis.

The company issued the intimation on September 10, 2026, citing compliance with Regulation 29(1) and Regulation 50(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Agenda

The committee will consider and approve the NCD issuance within the overall limits previously sanctioned by the Board of Directors and shareholders. The move aligns with standard corporate governance protocols for debt financing instruments.

Deepa Gopalakrishnan, Company Secretary and Compliance Officer, signed the disclosure filed with both the BSE Limited and National Stock Exchange of India Limited.

Muthoot Capital Services shareholders approved all four resolutions at its 32nd Annual General Meeting held on August 31, 2026. The company disclosed the final voting results on September 1, 2026, confirming unanimous support from the promoter group across all agenda items.

The meeting was conducted via Video Conferencing or Other Audio-Visual Means, in compliance with the Companies Act, 2013, SEBI Listing Regulations, and Ministry of Corporate Affairs circulars. Ms. Divya Abhishek, Independent Director, chaired the session as the company lacks a designated chairperson.

Voting Participation

Of the 21,951 shareholders on the record date of August 24, 2026, only 53 members participated in the voting process. None attended in person or via proxy; all votes were cast through remote e-voting or during the virtual meeting. One promoter shareholder and 35 public shareholders joined the meeting via video conferencing.

The promoter group, holding 10,416,001 shares, cast 2,034,928 votes, representing a 19.54% participation rate of their outstanding shares. Public institutional investors held 367,744 shares and cast 121,502 votes (33.04% participation). Non-institutional public shareholders held 5,663,788 shares but cast only 9,597 votes, reflecting a minimal 0.17% participation rate.

Resolution Outcomes

All resolutions were passed with requisite majorities. The promoter group voted unanimously in favor of every item. Public institutional dissent was notable only on the re-appointment of Ms. Susan John.

Board Appointments

The shareholders approved two key board-related resolutions:

• Re-appointment of Ms. Susan John as a director, replacing her rotation under Section 152(6) of the Companies Act, 2013.
• Appointment of Ms. Manimekhalai A as an independent director.
• Re-appointment of Mrs. Shirley Thomas as an independent director.

Ms. Deepa G, Company Secretary and Compliance Officer, managed the voting procedures. Remote e-voting was available from August 27 to August 30, 2026, through Central Depository Services (India) Limited. No speaker shareholders attended the meeting to raise queries.

What the Numbers Show

The voting pattern reveals a sharp divergence between promoter and public institutional sentiment regarding Ms. Susan John’s re-appointment. While promoters voted 100% in favor, public institutional investors voted against her re-appointment at a rate of 99.13% (120,441 votes against vs 1,061 for). Despite this near-unanimous opposition from institutions, her re-appointment passed due to the overwhelming weight of promoter votes, which constituted roughly 94% of the total votes polled in favor. This highlights the significant influence of the promoter group in governance decisions despite low overall retail participation.