Muthoot Microfin Limited achieved a financial turnaround in the financial year ended March 31, 2026, recording a Profit After Tax (PAT) of ₹1,702.67 million against a loss of ₹2,225.23 million in the previous year. The company’s Assets Under Management (AUM) grew by 13% to ₹1,40,40,056 million, while its net worth increased by 8.44% to ₹28,543.12 million.

The company’s total income for the year stood at ₹23,806.97 million. The Capital Adequacy Ratio as of March 31, 2026, was 23.92%, comfortably above the mandated 15%. The Board of Directors has recommended a dividend of ₹340.53 million to the reserve out of the available profits.

Operational Performance

Muthoot Microfin continued to expand its reach, operating through a network of 1,670 branches across 21 states and union territories. The gross loan portfolio stood at ₹1,40,056.22 million as of March 31, 2026, compared to ₹1,23,567.18 million in the previous year. The company serves 3.27 million active customers.

Strategic Initiatives

During the year, the company focused on strengthening its risk management framework through the deployment of AI-led underwriting models and enhanced early-warning systems. It also advanced its diversification strategy by expanding into Individual Loans, Micro Loan Against Property (LAP), and Gold Loans. The JLG-to-non-JLG mix improved from 97:3 in March 2025 to 83:17 in March 2026.

Corporate Governance

The company has complied with all applicable laws, regulations, and guidelines issued by the Reserve Bank of India and SEBI. The Statutory Auditors, M/s. Suresh Surana & Associates LLP, provided an unmodified opinion on the financial statements. The Secretarial Audit Report also did not contain any qualifications.

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.