Regulatory17 May 2026, 12:00 pm
Muthoot Finance Amends MOA to Include Insurance Business
AI Summary
Muthoot Finance Ltd has amended its Memorandum of Association (MOA) to include undertaking the business of a corporate agent or insurance intermediary for all classes of insurance business in India. This decision was approved by shareholders via postal ballot, in compliance with the Companies Act, 2013 and Listing Regulations. The amendment allows Muthoot Finance to engage in life, general, and health insurance products and services.
Key Highlights
- Muthoot Finance amends MOA to include insurance intermediary business.
- Shareholders approved the alteration of the object clause via postal ballot.
- The company can now offer life, general, and health insurance products.
- The amendment complies with Companies Act, 2013 and Listing Regulations.
- 93.2697% of total votes polled were in favor of the resolution.
Price Impact
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