MUTHOOT FINANCE : AMALGAMATION OF WHOLLY OWNED SUBSIDIARY MML APPROVED

• The board of directors of Muthoot Finance Limited approved the scheme of amalgamation of its wholly owned subsidiary, Muthoot Money Limited (MML) with the company. • The scheme is subject to sanction of the National Company Law Tribunal, Kochi Bench and other regulatory approvals. • MML's FY26 turnover stood at ₹1,294.13 Cr and total assets at ₹10,344.92 Cr, while MFIN's FY26 turnover was ₹27,599.87 Cr and total assets ₹1,79,944.55 Cr. • The transaction is between MFIN and its wholly owned subsidiary MML and is exempted from related party transaction provisions. • Rationale for amalgamation includes consolidating operations, rationalizing costs, enhancing operational efficiencies, and creating a larger financial services entity. • No cash consideration or share exchange is involved as MML is a wholly owned subsidiary of MFIN.

Muthoot Finance Limited

Open attachment

← Back to feed