Muthoot Finance Concludes 29th AGM: Key Appointments and Merger Plans Discussed

Muthoot Finance Limited held its 29th Annual General Meeting (AGM) on August 31, 2026, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) from 03:30 p.m. IST to 04:51 p.m. IST. The meeting was attended by 80 shareholders, including promoters, along with representatives from the joint statutory auditors and secretarial auditors.

During the AGM, the Chairman, Mr. George Jacob Muthoot, highlighted the company's theme "Closer to every Indian, closer to their goals," building on its milestone of crossing ₹1 lakh crore in gold loan portfolio and market capitalization. He emphasized the company's role in transforming idle household gold into productive capital and its strategy of integrating physical network expansion with digital solutions.

The Managing Director presented a record financial performance for FY26, with Consolidated Loan AUM reaching ₹1,81,916 crores (49% YoY growth) and Standalone Loan AUM at ₹1,62,826 crores (50% YoY growth). Consolidated PAT doubled to ₹10,607 crores (98% YoY growth), and Standalone PAT reached ₹10,134 crores (95% YoY growth). The company reported a Net Worth of ₹37,742 crores, a Capital Adequacy Ratio of 20.75%, and a Return on Equity of 34.17%. A record dividend payout of 300% (₹30 per equity share) was recommended.

Key strategic initiatives discussed included the proposed merger of Muthoot Money into Muthoot Finance with an appointed date of April 01, 2027, subject to regulatory approvals. Furthermore, the company announced the proposed appointment of Mr. Alexander George as Managing Director and the transition of the current Managing Director to Executive Vice Chairman, both effective October 1, 2026.

Mr. Alexander George provided an overview of the company's initiatives, highlighting its recognition as India's No. 1 Most Trusted Financial Services Brand for 10 consecutive years and a Great Place to Work for 5 consecutive years. He detailed business growth, customer-centric strategies, and employee welfare measures. The meeting also included a Question & Answer session where shareholders' queries were addressed.

Several resolutions were proposed and voted upon, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the appointment/re-appointment of directors and key managerial personnel. The Chairman informed that the results of the voting would be announced within two working days of the meeting's conclusion.