Muthoot Microfin Ltd

Meeting details

• Meeting of Debenture Issue and Allotment Committee on Friday, Aug 28, 2026.
• To consider and approve fund raising via private placement of Non-Convertible Debentures (NCDs).

Meeting Details

• Date and time: 31 August 2026, 9:00 AM–6:00 PM.
• Type/format: 1x1 and group meetings; physical in Mumbai.
• Event organiser: MML Investor Roadshow.

Participants

• Company officials to participate (management roles).

Purpose

• Purpose: investor roadshow and investor interaction.

Meeting Details

• Date and time: 01 September 2026, 9:00 AM–6:00 PM
• Type: 1x1 and group meeting; Location: Mumbai
• Event: Ashwamedh – Elara India Dialogue 2026

Participants

• Key company participants: Chief Compliance Officer and Company Secretary

Purpose

• Purpose: participation in investor meeting (Ashwamedh–Elara India Dialogue 2026)

ALM overview

• Provisional ALM for the month ended July 31, 2026.
• All monetary items reported in ₹ Lakhs only.
• Includes an Interest Rate Sensitivity table for OBS items.
• Intimation under SEBI circular dated Oct 15, 2025.
• Prepared Aug 14, 2026 by CCO and Company Secretary.
• Table shows outflow/inflow categories across multiple tenure buckets.

Appointment of Non-Executive Director

• Reason: Appointment as Non-Executive Director.
• Effective date: June 30, 2026.
• Approval: AGM approved on August 11, 2026.
• Relationships: Daughter of Thomas Muthoot; niece and cousin to other Muthoot directors.
• Not debarred from holding office as director.
• Brief profile: Fourth-generation promoter member; 5+ years in Muthoot Pappachan Group; NBFC exposure.
• Education: BBA (Northeastern University); MSc (USC).
• Experience: Management Trainee to Area Manager; branch operations, business development.

AGM Details

• AGM held on 11 August 2026 via VC/OAVM, 3:00 PM–4:25 PM.
• Remote e-voting conducted 08–10 August 2026.
• Cut-off date for shareholders: 31 July 2026.
• All four resolutions passed by requisite majority.

Key Resolutions

• Agenda Item 1 (Ordinary): Adopt annual audited financial statements and reports.
• Agenda Item 2 (Ordinary): Re-appoint Thomas George Muthoot as director.
• Agenda Item 3 (Special): Issuance of debentures via private placement or public issue.
• Agenda Item 4 (Ordinary): Appoint Hannah Muthoot as Non-Executive Director.

Voting Results

• Item 1 passed; 99.9986% in favour, 0.0014% against.
• Item 2 passed; 99.9977% in favour, 0.0023% against.
• Item 3 passed; 99.9979% in favour, 0.0021% against.
• Item 4 passed; 99.8967% in favour, 0.1033% against.

Director Changes

• Ms Hannah Muthoot appointed as Non-Executive Director.
• Thomas George Muthoot re-appointed as director (rotational).

Financial Performance

• AUM grew 18% YoY.
• PPOP rose 43% YoY, 3% QoQ.
• Earnings rose 5% QoQ and 20% YoY.
• Credit cost declined to 2.6% in Q1 from 2.8% prior quarter.
• Cost of funds declined to 10.13%; incremental borrowing cost 9.8%.
• Rating upgrade to AA- CRISIL; benefits to come.
• Guidance raised to 20% growth for the year.
• Digital collections at 40%; 100% digital for individual loans.
• Q1 disbursement INR 2,644 crores; annual target > INR12,000 crores.
• Monthly disbursement target ~INR1,000 crores.
• ROA upper guidance 3.3%; ROE around 18%.
• NIM guidance 12.3%–12.5% upper; expect expansion.
• X-Bucket collection at 99.9% and on-time collection ~97.97%.
• Branch productivity up; per-branch outstanding rising toward 12–13 crores.

Operating Update

• 65% of new disbursements since April 2025.
• Gold loan outstanding ~INR11,000 crores.
• Gold-loan disbursement ~INR100 crores/month; Q1 INR360 crores.
• Co-lending share 60% on book, 40% parent; referral income 1.5%.
• Direct Assignment income: INR355 crores this quarter; INR1,600 crores last year.
• 1 million app downloads; 9 lakh customers with 700+ score.
• 100% of individual loan repayments are digital; overall 40% digital collections.

Liquidity and Balance Sheet

• Liquidity: INR 5,000 crores sanction available; CGFMU guarantee scheme INR 1,000 crores.
• INR 200 crores drawn; INR 800 crores remaining.
• CGFMU guarantee target around 20% of AUM.
• Credit cost guidance 2.7%–3.5%; currently 2.6%.
• AUM mix target around 60-40 long term; current year ~70-30; long-term 50-45.

Projects & Capex

• Consumer durable loan pilot INR500 crores; yield 22–23%.
• Branches now ~1,670; target 1,740–1,750 by FY27.
• Branch productivity improved from INR7 crores to INR8.6 crores per branch.
• Cost of funds to single-digit by year-end; rating upgrade helps.
• Disbursement momentum supports ROA/ROE uplift.

Q&A Highlights

• Disbursement pace: target > INR12,000 crores for year; Q1 INR 2,644 crores.
• Blended yield around 23%; mix: group 24.85%, individual 23.5%, LAP 18–22%, gold ~20%.
• Consumer durable yields 22–23%; pilot INR500 crores; CP funding ~8.2%.
• Gold-DA income recognized; Q1 DA INR355 crores; gold loan disbursed INR360 crores.
• Assam exposure not material; portfolio unaffected.

Director Retirement

• Mr. John Tyler Day, Non-Executive Director, retires from the Board effective Aug 11, 2026.

AGM details

• AGM conducted via VC/OAVM in August 2026.
• Remote e-voting opened before and concluded during the AGM.
• Voting extended briefly to complete tally; results to be posted online.

Key resolutions

• Adopt audited financial statements and reports.
• Re-appoint director retiring by rotation.
• Consider private placement or public issue of debentures.
• Approve appointment of Hannah Muthoot as Non-Executive Director.

Voting status

• Consolidated voting results to be published on company website and stock exchanges.

Dividend

• No dividend proposed or declared at this AGM.

Director changes

• Thomas George Muthoot to be re-appointed following rotation.
• Hannah Muthoot appointed as Non-Executive Director.

Auditors

• No changes to statutory or other auditors disclosed.

Material related party transactions

• No material related party transactions disclosed in this excerpt.

Other material approvals

• ESOP compliance certificate issued; no additional ESOP approvals noted.

Promoter settlement and MML impact

• SEBI LODR disclosures on transfer and settlement of MFL shares by promoter trusts.
• Acquirer Trusts collectively acquired 66.76% of MFL paid-up equity.
• MFL holds 50.21% of MML; settlement creates indirect control over MML.
• Settlement under SEBI exemption order dated August 3, 2026.
• No change in total promoter shareholding of MML after settlement.
• Transaction part of succession planning within MFL promoter group.
• MML to update shareholding pattern under Reg 31; Reg 29(1)/(2) disclosures enclosed.
• KMP/promoter group appointment for MML on Aug 5, 2026.
• Securities held at appointment in MML are Nil.
• Place/Date: Thiruvananthapuram / Ernakulam, August 7, 2026.