Dividend10 April 2026 at 11:31 am
Muthoot Finance Declares ₹30 Interim Dividend, Seeks MoA Change
AI Summary
Muthoot Finance Ltd's Board of Directors, in a meeting held on April 10, 2026, approved an interim dividend of ₹30 per equity share (300%) for the Financial Year 2025-26. The record date for determining eligible shareholders for this dividend is set for April 17, 2026, with payment expected 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 that would enable Muthoot Finance to undertake insurance corporate agency business, signaling a potential expansion into new service offerings.
Key Highlights
- Board approved ₹30 interim dividend (300%) for FY26.
- Record date for dividend entitlement is April 17, 2026.
- Dividend payment expected within 30 days of declaration.
- Shareholders' approval sought for insurance corporate agency business.
- This move suggests potential business diversification for the company.