Muthoot Finance Declares Rs. 30 Per Share Interim Dividend for FY 2025

Muthoot Finance Limited has announced an interim dividend of Rs. 30 per equity share for the financial year 2025-26, as declared by the Board of Directors on April 10, 2026. The dividend payment will be made to shareholders whose names appear on the beneficial ownership records as of the record date, Friday, April 17, 2026.

Dividend Payment Details

The interim dividend distribution will be based on beneficial ownership details provided by depositories for shares held in demat form and from the Register of Members for physical shareholdings. The company has established comprehensive procedures to ensure accurate payment processing to eligible shareholders.

Parameter: Details Dividend Amount: Rs. 30 per equity share Declaration Date: April 10, 2026 Record Date: April 17, 2026 Financial Year: 2025-26 Payment Basis: Beneficial ownership records

TDS Provisions Under New Income Tax Act

With the implementation of the Income-tax Act, 2025 effective from April 1, 2026, Muthoot Finance has outlined detailed Tax Deduction at Source (TDS) guidelines for shareholders. The new provisions replace the earlier Income-tax Act, 1961, and establish varying withholding tax rates based on shareholder categories and documentation.

Resident Shareholders TDS Structure

Category: TDS Rate Key Requirements Individual (dividend ≤ Rs. 10,000): Nil No documentation required Valid PAN holders: 10% Updated PAN and residential status Invalid/No PAN: 20% No documentation accepted Form 121 submitters: Nil Eligibility conditions must be met Section 395 order holders: As per order Lower/NIL tax deduction certificate Mutual Funds (Schedule VII): 10%/Nil Registration documents required Insurance Companies: 10%/Nil Declaration and registration proof Alternative Investment Funds: Nil Category I or II AIF documentation

Non-Resident Shareholders Requirements

Non-resident shareholders, including Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs), face a standard TDS rate of 20% plus applicable surcharge and cess. However, beneficial tax treaty rates may apply upon submission of complete documentation including Tax Residency Certificate (TRC), Form 41, and self-declaration covering beneficial ownership and absence of Permanent Establishment in India.

Documentation and Compliance Requirements

Shareholders must submit required documents by April 27, 2026, through the designated online portal. The company emphasizes that PAN registration is mandatory, and Aadhaar linking with PAN is essential to avoid higher TDS rates. For joint shareholdings, the first-named shareholder must furnish requisite documents for beneficial tax treatment.

KYC Compliance for Physical Folios

As per SEBI Master Circular SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024, dividend payments will be withheld for non-KYC compliant physical folios. Mandatory requirements include:

PAN details and specimen signature

Choice of nomination and contact details

Bank account information with electronic payment capability

Updated postal address with PIN and mobile number

Shareholders holding physical certificates must submit Forms ISR-1, ISR-2, ISR-3, SH-13, and SH-14 by April 27, 2026, to ensure compliance and avoid payment delays.

Important Guidelines and Disclaimers

The company will provide TDS certificates via email to registered addresses and shareholders can verify TDS credits through Form 168 on the Income Tax e-filing portal. Muthoot Finance clarifies that it bears no responsibility for taxes deducted due to incomplete or incorrect documentation, and shareholders may claim refunds through their income tax returns if eligible. The communication serves as a summary of tax provisions, and shareholders are advised to consult tax professionals for personalized guidance.

Muthoot Finance Limited has announced a postal ballot notice seeking shareholder approval to expand its business operations into insurance distribution services. The company issued the notice on April 10, 2026, proposing amendments to its Memorandum of Association to facilitate entry into the insurance sector as a corporate agent and intermediary for all types of insurance.

Newspaper Advertisement Confirmation

On April 17, 2026, Muthoot Finance published newspaper advertisements in 'Business Line' and 'Metro Vaartha' confirming the dispatch of the postal ballot notice. The company filed this information with stock exchanges under Regulation 30, maintaining transparency with stakeholders about the ongoing postal ballot process.

Publication Details: Information Advertisement Date: April 17, 2026 Newspapers: Business Line and Metro Vaartha Reference Number: SEC/MFL/SE/2026/6563 Regulatory Filing: Under Regulation 30

E-Voting Schedule and Process

The electronic voting process for the postal ballot has been structured with specific timelines for shareholder participation:

Parameter: Details E-voting Start: April 16, 2026 at 09:00 a.m. (IST) E-voting End: May 15, 2026 at 5:00 p.m. (IST) Cut-off Date: April 10, 2026 Results Declaration: Within 48 hours of closure, by May 17, 2026 Scrutinizer: CS Aswin Devaswomparambil Mohankumar (ACS 69032)

The company is conducting the postal ballot exclusively through electronic voting in compliance with MCA Circulars and SEBI regulations. Physical ballot forms are not being distributed to shareholders.

Proposed Business Expansion

The special resolution seeks to insert a new object clause in the company's Memorandum of Association to enable insurance distribution activities. The proposed amendment would allow Muthoot Finance to:

Business Activity: Scope Corporate Agent Services: Insurance intermediary services Product Distribution: Life, general, and health insurance Service Coverage: All classes of insurance products Regulatory Compliance: IRDAI guidelines and regulations

The Board of Directors approved this proposal at their meeting held on April 10, 2026, subject to shareholder approval and necessary regulatory permissions from IRDAI and Reserve Bank of India.

Strategic Rationale

According to the company's statement, this business diversification aligns with several strategic objectives. The insurance distribution business will complement the company's existing financial services portfolio while creating new revenue streams expected to contribute to overall financial stability. The expansion will provide additional value propositions to existing clientele and strengthen the company's standing in the financial services sector. The company emphasized that insurance distribution will be conducted as an ancillary activity without affecting its principal NBFC business criteria.

Regulatory Compliance Framework

The proposed insurance business expansion will operate under a comprehensive regulatory framework:

Regulatory Aspect: Authority NBFC Operations: Reserve Bank of India Insurance Distribution: Insurance Regulatory and Development Authority of India Corporate Approvals: Ministry of Corporate Affairs Securities Compliance: SEBI Listing Regulations

The company has confirmed that all activities will be conducted in strict compliance with applicable laws and guidelines issued by relevant regulatory authorities. Shareholders can participate in the e-voting process through multiple channels including CDSL/NSDL depository systems and the dedicated e-voting platform at www.evotingindia.com .

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