Muthoot Microfin has confirmed the retirement of John Tyler Day from its Board of Directors. Day, who served as a Non-Executive Director, stepped down effective at the close of business on August 11, 2026. The cessation of his role coincided with the conclusion of the company’s Annual General Meeting held on that date.

The exit was disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR). This filing serves as an update to an earlier intimation issued by the company on June 30, 2026. The retirement was executed in compliance with the provisions of the Companies Act, 2013 regarding director tenure and rotation.

Key Details of Retirement

The specific details of the change in board composition are outlined below:

Neethu Ajay, Chief Compliance Officer and Company Secretary at Muthoot Microfin Limited, signed the disclosure letter addressed to BSE Limited and the National Stock Exchange of India Limited. The communication included Annexure I, which provided the mandatory disclosures required under Schedule III - Para A (7C) of Part A of the Listing Regulations.

Regulatory Compliance

The filing affirmed that there were no debarment orders against John Tyler Day from holding the office of a director by virtue of any SEBI order or other authority. As this was a retirement rather than a new appointment, profile details and relationship disclosures were marked as not applicable in the regulatory annexure. The company has updated its records with the stock exchanges to reflect the current composition of the Board.

Promoters of Muthoot Microfin Limited have restructured their substantial holdings in Muthoot Fincorp Limited (MFL) by settling 65,28,72,800 equity shares into six family trusts. This two-phase transaction, involving initial gifts to spouses followed by settlements into trusts, consolidates 66.76% of MFL’s equity share capital under the new trust entities while leaving the total promoter group holding in the target company unchanged at 97.14%. The restructuring ensures continuity in control without altering the effective voting power of the promoter group.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on August 7, 2026. The transactions were executed pursuant to SEBI exemption order number WTM/KCV/CFD/10/2026-27 dated August 3, 2026. The process involved three distinct phases: an initial transfer of shares from three male promoters to their respective spouses (Phase I), followed by the settlement of these shares, along with remaining holdings, into six designated trusts (Phase II).

Phase I: Initial Transfer to Spouses

In the first phase, executed on August 5, 2026, three promoters gifted significant portions of their MFL equity shares to their spouses. Each share has a face value of ₹2. The transfers increased the spouses' shareholdings to approximately 15.86–15.99%, while reducing the transferors' stakes to roughly 16.35–16.47%.

Phase II: Settlement to Trusts

Following the spousal transfers, the promoters and their spouses settled their aggregated holdings into six trusts on August 5 and August 6, 2026. The total shares settled amounted to 65,28,72,800, representing 66.76% of MFL’s equity share capital. The trusts established are the Thomas John Muthoot (MF) Trust, Thomas George Muthoot (MF) Trust, Thomas Muthoot (MF) Trust, Preethi John Muthoot (MF) Trust, Nina George (MF) Trust, and Remmy Thomas (MF) Trust.

The post-settlement holding pattern for the key entities is as follows:

Impact on Target Company Shareholding

The filing confirms that there is no change in the total shareholding of the promoter and promoter group in Muthoot Microfin Limited (MML), the target company, after these transactions. MML’s total equity share capital remains at 17,04,92,176 equity shares of ₹10 each. The public shareholding stands at 42.94%, while non-promoter non-public holdings, including employee trust shares, account for 1.60%. The promoter group’s overall dominance in the subsidiary remains intact at 97.14% when combining direct and indirect holdings through MFL and the new trusts.