Muthoot Capital Services Ltd. — AGM Information 2025

Aug 21, 2025

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MCSL/SEC/25-26/196 August 21, 2025

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400 001, Maharashtra Scrip Code (Equity) - 511766 Scrip Code (Debenture and CP) - 974550, 975282, 975513, 975662, 975739, 975982, 976006, 976146, 976157, 976183, 976213, 976233, 976282, 976363, 976458, 976806, 976898, 976933, 976965, 729010, 729104, 729105, 729231, 729236, 729711, 729732, 729733 and 729900

National Stock Exchange of India Limited

Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051, Maharashtra Trading Symbol - MUTHOOTCAP

Dear Sir / Ma’am,

Sub: Newspaper Publication w.r.t Notice informing about the 31[st] Annual General Meeting

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith a copy of the Notice published in the following newspapers on Thursday, August 21, 2025, informing about the 31[st] (Thirty First) Annual General Meeting of the Company scheduled to be held on Friday, September 19, 2025 at 11:00 a.m. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM):

a) Mangalam (Vernacular language - Malayalam) b) The Hindu Business Line (English language)

This is for your kind information and records.

Thanking You,

Yours Faithfully,

For Muthoot Capital Services Limited

Digitally signed by DEEPA DEEPA GOPALAKRISHNAN GOPALAKRISHNAN Date: 2025.08.21 17:18:43 +05'30'

Deepa G Company Secretary & Compliance Officer (Membership No.: A68790)

Encl: As above

Muthoot Capital Services Limited, Registered Office: 3[rd] Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: mail@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726

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MUMBAI businessline. THURSDAY - AUGUST 21 - 2025

news[. ] bl[.] 5

Amid tariff uncertainty, MPC chose to adopt wait and watch approach on rates

RBI inching towards principle, outcome-based regulations: Dy Guv Rao

QUICKLY.

AU SFB launches UPI for foreign cell numbers

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Our Bureau

KEY TAKEAWAYS. Inflation expected to rise, uncertainty looms over private investment due to global tensions

Mumbai

the target in the near term, Our Bureau headline inflation is projecMumbai ted to inch up from Q3,” he said.

penal tariffs. Geo-strategic considerations have thus added another layer of uncertainty.

considerations have thus adThe RBI is gradually shifting ded another layer of towards principle and outuncertainty. come-based regulations, as it gives operational flexibility PRIVATE INVESTMENT to regulated entities (REs) to Ram Singh, Director, Delhi conduct their operations, acSchool of Economics, recording to Deputy Governor ferred to some stress signs M Rajeshwar Rao. M Rajeshwar Rao, Deputy associated with achieving a This approach also tailors Governor, RBI 6.5 per cent growth rate and REs (such as banks and nonprivate capex growth rebanking finance companies) maining below expectations, activities to their unique Stressed Assets is an exthough the recent signals in needs, while adhering to the ample,” he said. this regard are encouraging. regulatory framework. Outcome-based regula“US tariffs have already “Principle and outcometion has focus on desired put Indian exporters at a disbased regulation is generally outcomes or results rather advantage. Signs of distress found to be more suitable for than prescribing specific in growth and employment mature markets. Nevertheprocesses and tools. for MSMEs are visible in secless, even developed ecoRao said this approach tors reliant upon the US marnomies use rule-based sets “what” is the desired ket, such as diamond and framework when it comes to outcome, while providing jewellery, textile and apsafeguarding interests of flexibility on “how” to parel, and fisheries,” Singh consumers,” Rao said in his achieve it. He observed that said. inaugural address at the the rule-based regulation apHe noted that under norDoPT MDP on Financial proach leads to clarity, commal circumstances, there Market Regulations at the pliance, and consistency, as would be a case for a growthIndian Institute of Manageit simplifies the understandsupportive interest rate cut ment Kozhikode (IIMK) on ing of regulations for an RE given benign inflation proAugust 18. and consumer alike. spects. However, the unusuHowever, it may lead to a ally high degree of uncerGOOD AND BAD ‘check-the-box’ mentality, tainty on both inflation and Rao observed that principleresulting in compliance by growth fronts calls for based regulation is qualitatREs in letter but not in spirit. greater caution. ive and uses high-level state“The Master Directions “Given the high degree of ments with an explanation of on Priority Sector Lending – uncertainty regarding the underlying intent. It Targets and Classification growth and the volatile gives flexibility and freedom can be considered as an exnature of food inflation, cauto REs to innovate without ample of a rule-based regulation is warranted in the rate being constrained by pretion,” he said. cut. The interest rate descriptive rules. Rao emphasised that regucisions of the US Fed and However, it is open to inlatory policy in the financial other Central banks in the terpretation and can pose sector must strike an opcoming months will also challenges for both REs and timal balance between the have a bearing on the feasibsupervisors. “In the context critical need for stability and ility of a further rate cut by of Reserve Bank as a banking objectives of fostering inthe RBI and its quantum.” regulator, the Prudential novation, efficiency, and Singh said. Framework for Resolution of competition.

Mumbai: AU Small Finance Bank All six members of the RBI’s “Monetary policy trans(AU SFB) on Wednesday Monetary Policy Committee mission of the cumulative launched unified payments (MPC) preferred to step 100 bps cut in the policy rate interface (UPI) services for its back, assess the impact of since February 2025, though non-resident external (NRE) their earlier repo rate cut dehastened due to various and non-resident ordinary cisions amid benign inflation measures, is still continuing. (NRO) account holders with and challenges to growth The CRR (cash reserve ratio) international mobile numbers. posed by the trade policy uncut, that is likely to kick in This rollout follows the certainties, per the minutes from next month, will also National Payments of the MPC’s latest meeting. facilitate further monetary Corporation of India’s (NPCI) Even as the members transmission and stimulate FINAL CALL. RBI Governor Sanjay Malhotra REUTERS directive allowing UPI voted unanimously to keep economic activity,” he transactions through the repo rate unchanged at added. international mobile numbers. 5.50 per cent at their threefurther policy rate cut at this mains challenging.” With this feature, NRIs across day meeting earlier this ‘PRUDENT COURSE’ point,” Gupta said. Kumar noted that the 12 countries. OUR BUREAU month, they underscored RBI Deputy Governor PooRBI Executive Director private investment sentithat the front-loaded repo nam Gupta emphasised that Rajiv Ranjan observed that it ment is adversely affected by rate cut aggregating 100 the transmission of the cuis prudent at the current trade policy uncertainties. basis points (bps), effected mulative rate cut has been juncture to adopt a wait-andWhile the signing of the UK- BharatPe appoints heads during the February to June impressively rapid, but it is watch approach to see the India FTA is an important of fin, investment depts 2025 period, is still working still unfolding, and is likely to extent of transmission bepositive development, the through the system, accordpick up in the coming fore delivering further policy US’ announcement of 25 per ing to the minutes released months, facilitated by the stimulus. cent tariffs on India is causby the RBI on Wednesday. CRR cuts coming into effect “The outlook suggests a ing a lot of anxiety about the The members also voted from September 2025. rise in inflation to above the economic outlook, he added. to retain the monetary policy She observed that while target going forward. In next Mumbai-based Economist stance at neutral as it allows awaiting the completion of few months, we can have Saugata Bhattacharya, said, enough flexibility to react to transmission, the cost or clarity on how tariffs and “At this point, we need to the unfolding growth-inflaavailability of funds (bank their impact on the macroestep back, assess the impacts tion dynamics credit and other sources of conomy evolve,” he said. of the rate decisions and Mumbai: Fintech major funds) is not deemed to be a other policy actions. As trite INFLATION TO INCH UP material constraint to OTHER MEMBERS’ TAKE as this sounds, it is worth reBharatPe on Wednesday RBI Governor Sanjay Malhogrowth. Referring to the continued emphasising that monetary announced the appointments tra cautioned that the uncerRather, heightened global challenges to the sustainabilpolicy has to address mulof Rajesh C as Head of Finance, and Himanshu Nazkani as Head tainty in external demand, uncertainties and structural ity of economic growth, estiple, often conflicting, obdriven by tariff and geopolitfactors seem to be more conpecially in the manufacturjectives and optimise the of Investments at the company. ical uncertainty, remains the straining for new investment ing sector, Nagesh Kumar, consequent trade-offs.” As the Head of Finance, Rajesh major drag on growth as it and consumption decisions. Director and Chief ExecutHe cautioned that the outwill lead the overall finance also hinders private invest“Taking into account the ive, Institute for Studies in look on India-US trade, in function, treasury and taxation. He was earlier the Senior Vice ment intentions, which is yet growth-inflation outlook, Industrial Development, particular, has become to show visible signs of past actions, the state of the New Delhi, said, “The inflafraught, based on the pubPresident-Finance at SBI Card, improvement. domestic economy, and the tionary outlook has continlicly available information and was part of the core team “Although we are likely to global dynamics, I do not see ued to remain benign. The on India-specific US tariffs that managed SBI Cards’ IPOs.OUR BUREAU see inflation undershooting the scope or rationale for a economic growth outlook replus unknown additional

Vedanta confident about demerger plans despite govt objection

favour of the Ministry of Pet- Our Bureau roleum and Natural Gas Mumbai (MoPNG) once the scheme becomes effective. Vedanta Ltd is confident of This is in the event Malco executing its demerger plans Energy is unable to meet or despite the government raissatisfy potential contractual ing objections to the proliability, if any, towards posed restructuring plan MoPNG arising under the UNDER LENS over concealment of details Production Sharing Conand non-disclosure of materGovt alleges that tracts and Revenue Sharing ial information in its demerVedanta modified the Contracts (pertaining to the ger scheme. demerger scheme oil and gas blocks), he said. During a hearing before after obtaining NOC the National Company Law from SEBI and stock TALWANDI SABO CASE Tribunal (NCLT) on Wedexchanges Meanwhile, the Supreme nesday, government represCourt has upheld a ruling by entatives argued that Vedthe Appellate Tribunal for anta modified key aspects of Electricity in the case filed by its demerger scheme after spokesperson said the comTalwandi Sabo Power. obtaining a no-objection cerpany has filed a detailed reThe company had filed a tificate from SEBI and stock sponse to the Centre’s reppetition before the apex exchanges. resentation. court challenging the entitleSEBI confirmed that alterment to Foreign Trade Policy ations were made post-clearA STRATEGIC STEP benefits on account of mega ance, calling the move a “serThe proposed demerger is a power status. ious breach” of its master strategic step to unlock longThe Vedanta spokespercircular. term value by creating secson said linking the Supreme The markets regulator tor-focused, pure-play busiCourt judgment to the desaid it had issued a warning nesses with independent merger are misplaced as it to the company and undermanagement teams. pertains to a legacy contraclined that such modifications SEBI confirmed it has no tual matter concerning Talshould have been placed befurther comments on the wandi Sabo Power’s appeal fore Vedanta’s Board for apmerits of the scheme, and it regarding customs duty beproval. Vedanta had conhad issued a cautionary letnefits under the Mega Power firmed the SEBI warning in ter over a procedural lapse. Policy and has no bearing on an exchange filing last week. The letter carries no finanthe demerger process. cial or operational restricVedanta is reviewing the NCLT HEARING tions, and the matter has order and evaluating legal After the objections were already been disclosed by the options, he added. raised, the NCLT deferred company. the next hearing on the matThe company has inter to September 17. formed NCLT that it will isIn response, a Vedanta sue a corporate guarantee in

Bajaj bets big on Brazil, launches Pulsar 150 cc

of Bajaj Auto “Second, the Aroosa Ahmed competitors are very strong. Mumbai They hold a 90 per cent share,” he added.

Pune-based two-wheeler maker Bajaj Auto is betting ROAD MAP big on its Brazil plans. The In 2024, Bajaj Auto inaugurcompany that had debuted in ated a production facility in the country in the premium Brazil that initially focused end with 400 cc motorcycles on assembling, sourcing and has now entered the comtesting the brand’s Dominar mercial segment with Pulsar two-wheeler models. 150 cc. Set up on 9,600 sq m in Bajaj Auto had entered the Manaus, the production Brazilian market with the plant is equipped with Dominar brand. It set up a vehicle and engine assembly production facility with an and testing facilities. annual capacity of 20,000 “We made a very disconunits, and now plans to intinuous move last month by crease it to one lakh units. introducing the Pulsar 150 “Brazil is amongst the top over there, which is aimed at five markets in the world. It’s the belly of the market, that not an easy market to crack is, the delivery boy’s segopen for two reasons: manument,” said Sharma. facturing and regulatory reBy the time we hit Q4, the quirements are such that it capacity should be 50,000 needs a certain kind of comunits. Further expansions pliance,” said Rakesh are planned for 2027-28,” he Sharma, Executive Director added. CM YK

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