Muthoot Microfin Limited — Board Meeting, 19-12-2024: Outcome of Board Meeting

The Board has confirmed several key decisions, including the resignation of Mr. Thomas John Muthoot as a Non-Executive Director, effective immediately. Mr. Thomas Muthoot is now redesignated as a Non-Executive Non-Independent Director, while Mr. Thomas Muthoot John has been appointed as the Executive Director for a five-year term, subject to shareholder approval. The Board has also authorized the issuance of a Postal Ballot Notice regarding the upcoming shareholder meeting. These changes aim to align the board composition with RBI guidelines, marking a strategic restructuring within the company.