Muthoot Finance Limited announced the appointment and re-appointment of several key individuals to its Board of Directors. The notice outlines proposed resolutions for the 29th Annual General Meeting, including the appointment of Mr. Eapen Alexander and Mr. Alexander George, alongside the re-appointment of Mr. George Alexander Muthoot, Mr. George Jacob Muthoot, Mr. Joseph Korah, Mr. George M George, and Mr. George Alexander. Details on their terms, remuneration, and perquisites are provided for shareholder consideration. The AGM will be held virtually on August 31, 2026.
Muthoot Finance Gears Up for AGM with Director Appointments
Muthoot Finance Limited has issued a notice for its 29th Annual General Meeting (AGM), scheduled to be held on Monday, August 31, 2026, at 1:30 PM IST via Video Conferencing. The meeting agenda includes significant proposals for the appointment and re-appointment of directors to the company’s Board, along with detailed remuneration packages and terms of engagement.
Key Director Reshuffle and Re-appointments
The AGM will seek shareholder approval for the following key personnel matters:
- Re-appointment of Mr. Joseph Korah (DIN: 09128318) as Independent Director for a second consecutive term. His tenure will extend for a period of 3 years.
- Re-appointment of Mr. George M George (DIN: 00018329) as Whole Time Director for a period of 5 years, effective from December 15, 2026, until March 31, 2031. His annual remuneration includes a basic salary of Rs. 18,40,000/- per month, special allowance, and performance incentive, alongside various perquisites.
- Re-appointment of Mr. George Alexander (DIN: 00018384) as Whole Time Director for a period of 5 years, effective from December 15, 2026, until March 31, 2031. Similar to Mr. George M George, his remuneration includes a basic salary of Rs. 18,40,000/- per month, special allowance, performance incentive, and perquisites.
- Re-appointment of Mr. George M Jacob (DIN: 00018955) as Whole Time Director for a period of 5 years, effective from December 15, 2026, until March 31, 2031. His remuneration structure mirrors that of Mr. George M George and Mr. George Alexander.
- Appointment of Mr. Eapen Alexander (DIN: 03493601) as Director liable to retire by rotation, with effect from October 01, 2026. He is also proposed for appointment as Whole Time Director, with a remuneration package including a basic salary of Rs. 18,40,000/- per month.
- Appointment of Mr. Alexander George (holding DIN: 00938073) as Managing Director, and Mr. George Alexander Muthoot (holding DIN: 00016787) as Vice Chairman and Whole Time Director. These appointments are effective from October 01, 2026. Mr. Alexander George’s remuneration package includes a basic salary of Rs. 40,25,000/- per month, and Mr. George Alexander Muthoot will receive a basic salary of Rs. 40,25,000/- per month.
- Appointment of Mr. George Alexander Muthoot (holding DIN: 00016787) as Director liable to retire by rotation.
- Appointment of Mr. George Jacob Muthoot (holding DIN: 00018235) as Director liable to retire by rotation.
The notice further includes detailed information regarding the qualifications, expertise, and directorships of each appointee, as well as the specific terms and conditions of their appointment and remuneration, adhering to SEBI and Companies Act regulations. The Company has provided instructions for e-voting and joining the virtual meeting for shareholder participation.
Source: BSE
