Board Meeting10 April 2026 at 11:31 am
Muthoot Finance Board approves ₹30 interim dividend, seeks MoA change
AI Summary
Muthoot Finance's Board of Directors approved an interim dividend of ₹30 per equity share (300%) for the Financial Year 2025-26. Shareholders on record as of April 17, 2026, will be eligible to receive this dividend, which will be paid within 30 days from the declaration date. Additionally, the Board decided to seek shareholder approval to amend the company's Memorandum of Association. This amendment aims to include a new sub-clause enabling Muthoot Finance to undertake insurance corporate agency business, indicating a potential expansion into new service offerings.
Key Highlights
- Board approved ₹30 interim dividend (300%) for FY2025-26.
- Record date for interim dividend set for April 17, 2026.
- Dividend payment will be made within 30 days of declaration.
- Company to seek shareholder approval for insurance corporate agency business.
- MoA amendment will enable new business vertical for the company.