MUTHOOTFIN2026-08-31MUTHOOTFIN2026-08-312026-08-31MUTHOOTFIN2026-08-312026-08-31

AmalgamatedEntityDomain1

MUTHOOTFIN2026-08-31

AmalgamatedEntityDomain1

MUTHOOTFIN2026-08-312026-08-31

AmalgamatedEntityDomain2

MUTHOOTFIN2026-08-31

AmalgamatedEntityDomain2

xbrli:purexbrli:shares

533398

Muthoot Finance Limited

MUTHOOTFIN

NOTLISTED

INE414G01012

New

Amalgamation/ Merger

true

2026-08-31

14:55:00

2026-08-31

MUTHOOT MONEY LIMITED

Transferor

Subsidiary

Turnover as on 31.03.2026 is Rs. 1,294.13 Crs and Total assets as on 31.03.2026 is Rs. 10,344.92 Crs

1307681

MUTHOOT FINANCE LIMITED

Transferee

Listed Entity (self)

Turnover as on 31.03.2026 is Rs. 27,599.87 Crs and Total assets as on 31.03.2026 is Rs. 1,79,944.55 Crs

294463872

0.733

107004604

0.267

401468476

294463872

0.733

107004604

0.267

401468476

false

true

The proposed transaction is between MFIN and its wholly owned subsidiary, MML. In terms of Regulation 23(5)(b) of the SEBI Listing Regulations, any transaction entered into between a holding company and its wholly owned subsidiary, whose accounts are consolidated with such holding company and placed before the shareholders at the general meeting for approval, is exempted from the provisions of Regulation 23 of the SEBI Listing Regulations. Further, in terms of General Circular No. 30/2014 dated 17 July 2014, issued by the Ministry of Corporate Affairs, transactions arising out of compromises, arrangements and amalgamations under the Companies Act, 2013 will not attract the requirements of Section 188 of the Companies Act, 2013.

true

MFIN is registered with the Reserve Bank of India (RBI) as a non-deposit taking Non-Banking Financial Company (NBFC) and is classified as an upper layer NBFC as per the applicable RBI regulations. MML is registered with the RBI as a non-deposit taking NBFC and is classified as a middle layer NBFC as per the applicable RBI regulations. Both MFIN and MML are engaged primarily in the business of providing gold loans.

(a) The Transferor Company is a wholly owned subsidiary of the Transferee Company, and the entire paid-up share capital of the Transferor Company is held by the Transferee Company. The Scheme is proposed as part of the consolidation strategy within the Muthoot Finance Ltd group, aimed at simplifying the group structure, and unlocking operational, financial and administrative efficiencies within the combined entity. (b) The amalgamation of MML with MFIN pursuant to this Scheme shall, inter alia¸ have the following benefits: (i) the amalgamation will consolidate the operations and the business of the Transferor Company, mainly being the gold loan business, into the Transferee Company, which is the largest gold loan NBFC in the country, thereby creating a larger gold loan business with enhanced operating synergies, improved utilisation of resources, streamlined workflows and greater operational efficiencies; (ii) the amalgamation will enable rationalization of costs by eliminating redundancies and achieving simplification of management structure thereby leading to better administration and cost savings; (iii) the amalgamation will result in operational efficiencies and cost optimisation through the consolidation of office locations and infrastructure, integration of systems and processes, and the achievement of economies of scale, thereby leading to revenue and cost synergies; (iv) the amalgamation would result in having a unified approach to customer interactions, as well as lender engagement under a single platform which would further simplify operations, thereby enhancing customer and lender servicing experiences; (v) the unification of businesses would result in the consolidation of financial, managerial, technical, and human resources, thereby creating a stronger base for future growth and stakeholder value accretion; (vi) the creation of a larger consolidated financial services entity will enable such entity to deliver an increased range of financial products to a broader customer base. The Transferee Company’s pan-India network of over 5,000 (five thousand) branches will be further expanded by the addition of 1006 branches of the Transferor Company thereby enabling deeper market penetration. Further, the Transferee Company would, following the amalgamation, benefit from economies of scale and operational efficiencies arising from the integration of the branch networks, with the larger combined network enabling the Muthoot finance group to realise greater scale and operational synergies, leading to revenue and cost synergies; (vii) an enhanced consolidated balance sheet would also bring efficiency with respect to the merged entity’s treasury operations, thereby helping in the overall liability management of the organization; and (viii) the Scheme does not affect the rights and interests of the shareholders of the Transferee Company. Since the Transferor Company is a wholly owned subsidiary of the Transferee Company, there will be no change in the capital structure of the Transferee Company. Accordingly, the shareholding and other rights of the members of the Transferee Company will remain unaffected.

Others

MML is a wholly owned subsidiary of MFIN. Upon the Scheme coming into effect, the entire share capital of MML held by MFIN shall stand cancelled and no shares shall be issued by MFIN as consideration for the amalgamation.

There shall be no change in the shareholding pattern of the Company as no shares shall be issued by MFIN pursuant to the Scheme.