Muthoot Finance Limited has announced a postal ballot notice seeking shareholder approval to expand its business operations into insurance distribution services. The company issued the notice on April 10, 2026, proposing amendments to its Memorandum of Association to facilitate entry into the insurance sector as a corporate agent and intermediary for all types of insurance.

Newspaper Advertisement Confirmation

On April 17, 2026, Muthoot Finance published newspaper advertisements in 'Business Line' and 'Metro Vaartha' confirming the dispatch of the postal ballot notice. The company filed this information with stock exchanges under Regulation 30, maintaining transparency with stakeholders about the ongoing postal ballot process.

E-Voting Schedule and Process

The electronic voting process for the postal ballot has been structured with specific timelines for shareholder participation:

The company is conducting the postal ballot exclusively through electronic voting in compliance with MCA Circulars and SEBI regulations. Physical ballot forms are not being distributed to shareholders.

Proposed Business Expansion

The special resolution seeks to insert a new object clause in the company's Memorandum of Association to enable insurance distribution activities. The proposed amendment would allow Muthoot Finance to:

The Board of Directors approved this proposal at their meeting held on April 10, 2026, subject to shareholder approval and necessary regulatory permissions from IRDAI and Reserve Bank of India.

Strategic Rationale

According to the company's statement, this business diversification aligns with several strategic objectives. The insurance distribution business will complement the company's existing financial services portfolio while creating new revenue streams expected to contribute to overall financial stability. The expansion will provide additional value propositions to existing clientele and strengthen the company's standing in the financial services sector. The company emphasized that insurance distribution will be conducted as an ancillary activity without affecting its principal NBFC business criteria.

Regulatory Compliance Framework

The proposed insurance business expansion will operate under a comprehensive regulatory framework:

The company has confirmed that all activities will be conducted in strict compliance with applicable laws and guidelines issued by relevant regulatory authorities. Shareholders can participate in the e-voting process through multiple channels including CDSL/NSDL depository systems and the dedicated e-voting platform at www.evotingindia.com .

Muthoot Finance Limited has filed its quarterly compliance certificate with stock exchanges and depositories for the quarter ended March 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company submitted the certificate dated April 13, 2026, to multiple regulatory bodies and exchanges as part of its quarterly compliance obligations. The submission was made pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Key Confirmations

The certificate provides two primary confirmations regarding the company's dematerialization processes:

• Securities that were dematerialized during the quarter have been listed on stock exchanges where previously issued securities are already listed
• Physical certificates received for dematerialization were properly mutilated and cancelled after verification, with depositories' names substituted in the register of members

Registrar Verification

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the company's registrar and share transfer agent. The registrar provided a confirmation certificate dated April 04, 2026, verifying compliance with dematerialization procedures.

Regulatory Recipients

The compliance certificate was submitted to key market infrastructure institutions and exchanges where Muthoot Finance securities are traded. These include National Stock Exchange of India Limited, BSE Limited, NSE IFSC Limited, Central Depository Services (India) Limited, and National Securities Depository Limited.

The registrar confirmed that all dematerialization activities during the quarter ended March 31, 2026, were processed within prescribed timelines, with proper verification procedures followed for certificate cancellation and member register updates.