Muthoot Finance Limited, one of India’s leading non-banking financial companies, held a Board of Directors meeting on April 21, 2025. During the meeting, several significant resolutions were approved in line with the company’s financial and governance strategies for the financial year 2024-25.
The Board approved the payment of an interim dividend of ₹26 per equity share, which amounts to 260% of the face value. Shareholders whose names appear in the records as of the close of business hours on April 25, 2025, will be eligible to receive the dividend. This includes beneficial owners holding shares in electronic form and members listed in the company’s Register of Members for physical holdings. The dividend will be distributed within 30 days from the date of declaration.
Additionally, the Board recommended the appointment of Mr. George Joseph (DIN: 00253754) as an Independent Director, subject to shareholder approval. His appointment aligns with the company’s focus on maintaining strong corporate governance practices.
The Board also recommended an increase in the borrowing limits of the company under Section 180(1)(c) of the Companies Act, 2013. If approved by shareholders, the revised borrowing capacity will allow the company to raise funds up to ₹2 lakh crores.
