Muthoot Finance Limited Passes Special Resolution to Alter Object Clause via Postal Ballot
Muthoot Finance Limited successfully passed a Special Resolution approving the Alteration of Object clause of its Memorandum of Association during a recent Postal Ballot conducted via remote e-voting.The Company held the voting process for the Special Resolution on Item 1, which was aimed at approving the Alteration of Object clause of the Memorandum of Association of the Company and aligning it with the Companies Act, 2013.
The remote e-voting period commenced on Thursday, April 16, 2026, and concluded on Friday, May 15, 2026.
Voting Results Summary
A scrutinizer's report confirmed that the Special Resolution passed with the requisite majority. The total votes polled for Item 1 reflected overwhelming shareholder support.The key voting results for the Special Resolution were as follows:
| Outcome | Votes in Assent | Votes in Dissent | Total Valid Votes | Percentage in Assent |
|---|---|---|---|---|
| Total | 37,44,43,882 | 4,447 | 37,44,48,329 | 99.99% |
The resolution was deemed to have passed on May 15, 2026, the last date of remote e-voting.
Detailed Voting Metrics
The remote e-voting utilized the electronic registry of the Central Depository Services (India) Limited (CDSL). The detailed breakdown of the voting process confirms the high assent rate for the resolution.| Metric | Count |
|---|---|
| Number of e-voters | 1,407 |
| Number of Shares held by e-voters | 37,45,21,453 |
| Number of votes cast in assent | 37,44,43,882 |
| Number of votes cast in dissent | 4,447 |
The data indicates a high level of participation and support from the shareholder base for the proposed alteration of the Company's object clause.
MUTHOOTFIN Stock Price Movement
On Friday, Muthoot Finance Limited shares slipped by 6.29% to settle at ₹3311.4. The stock saw a significant trading volume of 5.09 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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