Muthoot Microfin Limited has officially informed the stock exchanges regarding the resignation of Mr. Akshaya Prasad from his position as Non-Executive Director on the company's Board. The resignation is effective from the closure of office hours on May 6, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed and submitted by Neethu Ajay, the Chief Compliance Officer and Company Secretary.

Director Resignation Details

The company provided the specific details of the cessation in accordance with Regulation 30 read with Schedule III - Para A (7C) of Part A of the SEBI Listing Regulations. The key parameters of the change are outlined below:

Resignation Letter Highlights

In his resignation letter addressed to the Board of Directors, Mr. Akshaya Prasad confirmed that he was stepping down from the position of Non-Executive Director effective May 6, 2026. He stated that the decision was driven by personal reasons and affirmed that there were no other material reasons for his resignation beyond those stated. Writing from London, Mr. Prasad expressed his gratitude to the Board and the management team for their support and cooperation during his tenure, while conveying his best wishes for the company's continued success.

Regulatory Compliance

The intimation was filed in compliance with the applicable SEBI disclosure requirements. As per the details provided in Annexure I submitted to the exchanges, sections pertaining to the brief profile, disclosure of relationships between directors, and affirmation of non-debarment were marked as Not Applicable, given that the disclosure pertains to a cessation and not an appointment.

Muthoot Microfin Limited has completed a significant debt fundraising exercise through the allotment of non-convertible debentures worth ₹70.28 crores. The company's Debenture Issue and Allotment Committee approved the issuance on April 29, 2026, following regulatory compliance under SEBI listing obligations.

Debenture Issue Details

The allotment comprises 7,028 listed, rated, secured, redeemable non-convertible debentures issued on a private placement basis. Each debenture carries a face value of ₹1,00,000, aggregating to a total nominal value of ₹70,28,00,000.

Interest and Security Structure

The debentures offer an attractive coupon rate of 8.50% per annum with quarterly interest payment schedule. The instruments carry a tenure of 29 months from the allotment date.

Security and Listing Arrangements

The outstanding principal amount is secured by a first ranking and exclusive charge of 1.00x over the company's receivables, including present and future receivables that are free from encumbrances, charges, or liens. The debentures will be listed on BSE Limited and issued in dematerialized form.

Regulatory Compliance

The allotment was executed pursuant to Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issuance falls within the limits previously approved by the Board of Directors at their meeting dated February 09, 2026, with the Debenture Issue and Allotment Committee having considered and approved the issuance on April 08, 2026.

Corporate Governance

The allotment process was overseen by Neethu Ajay, Chief Compliance Officer and Company Secretary, ensuring adherence to regulatory requirements and corporate governance standards. The company has maintained transparency by promptly informing stock exchanges about the completion of the allotment process.