Muthoot Microfin Limited has scheduled its 34th Annual General Meeting for Tuesday, August 11, 2026, to seek shareholder approval for raising up to ₹4,000 crore through debentures and to appoint Ms. Hannah Muthoot as a Non-Executive Director. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means (OAVM) at 3.00 PM IST, allowing shareholders to participate remotely without a physical venue. The financial proposals include issuing secured or unsecured non-convertible debentures to augment resources for on-lending, debt repayment, and general corporate purposes.

Agenda for the Meeting

The Board proposes to issue non-convertible debentures aggregating up to ₹3,000 crore via private placement and ₹1,000 crore through public issue. These issuances, valid for one year from the approval date, will be within the borrowing limits of ₹15,000 crore previously approved by shareholders. The specific terms, including coupon rate and tenor, will be determined by the Board or the Debenture Issue and Allotment Committee.

Additionally, the meeting will consider the appointment of Ms. Hannah Muthoot (DIN: 10762532) as a Non-Executive Non-Independent Director. She was appointed as an Additional Director on June 30, 2026, and her appointment requires shareholder ratification. Mr. Thomas George Muthoot (DIN: 00011552) retires by rotation at this meeting and, being eligible, offers himself for re-appointment.

E-voting and Participation Details

Shareholders can participate in the AGM through the VC/OAVM facility. The remote e-voting period begins on August 8, 2026, at 9.00 AM IST and concludes on August 10, 2026, at 5.00 PM IST. Members who cast votes via remote e-voting may attend the meeting but are not entitled to vote again during the AGM. The record date for determining eligibility is July 31, 2026.

Members wishing to ask questions or express views during the meeting must register by sending an email to secretarial@muthootmicrofin.com on or before August 8, 2026. The facility for appointing proxies is not available due to the virtual mode of the meeting. CS Puzhankara Sivakumar has been appointed as the scrutinizer for the e-voting process.

Muthoot Microfin reported an Assets Under Management (AUM) of ₹14,457 crore as of June 30, 2026, registering an 18% year-on-year growth and a 3% quarter-on-quarter increase. The microfinance lender achieved this expansion through a diversified loan portfolio and the introduction of secured lending products. The company's collection efficiency stood at 97.97% in Q1 FY27, an improvement of 497 basis points over the same period last year.

Disbursements during Q1 FY27 reached ₹2,645 crore, marking a 49% growth compared to Q1 FY26. This performance was supported by the commencement of gold loan disbursements under a co-lending arrangement with Muthoot Fincorp Limited, which contributed ₹192.86 crore during the quarter. The company's total liquidity position remained robust at ₹1,310 crore, alongside un-availed sanctioned credit lines of ₹3,485 crore.

Portfolio and Asset Quality

The lender continued to diversify its asset mix, with the Joint Liability Group (JLG) and Non-JLG ratio improving to 76:24 as of June 30, 2026, from 83:17 in the previous quarter. The Small and Micro Enterprise Individual Loan (IL) portfolio grew to ₹3,214 crore while maintaining near-zero delinquency. The X-Bucket collection efficiency stood at 99.89%, indicating sustained discipline in recoveries. The following table summarises the key operational and financial metrics for Q1 FY27:

Strategic Developments

CRISIL upgraded the company's long-term credit rating to CRISIL AA-/Stable from CRISIL A+/Positive, while reaffirming the CRISIL A1+ rating on its commercial paper. This upgrade is expected to enhance access to diversified funding sources at competitive rates. During the quarter, the company raised a total of ₹2,664 crore to strengthen its funding profile.

Muthoot Microfin hosted its inaugural Capital Markets Day, unveiling its Vision 2030 roadmap. The strategy targets achieving ₹30,000 crore AUM by FY30, with a portfolio mix of 53.4% JLG and 46.6% Non-JLG. The company aims for a Return on Assets (RoA) of over 5%, Return on Equity (RoE) of over 20%, and 75% digital collections by 2030.

Network and Digital Adoption

As of June 30, 2026, the company operated 1,671 branches serving 33 lakh active customers. Digital initiatives gained significant traction, with cumulative downloads of the Mahila Mitra app reaching 2.09 million. Digital collections increased to 40% in Q1 FY27, up from 23% in Q1 FY26 and 34% in Q4 FY26.

The financial and operating information for the quarter ended June 30, 2026 is based on provisional unaudited figures, subject to review by the Statutory Auditors and approval by the Audit Committee and the Board of Directors.