Muthoot Microfin Limited — Board/Management Information 2024

Dec 19, 2024

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December 19, 2024

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai- 400001 Scrip Code: 544055

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Scrip Code: MUTHOOTMF

Dear Sir/Madam,

Sub: Intimation of Change in Directorate in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR)

Pursuant to Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform the below mentioned changes in Board of Directors to be in line with RBI approval received by the Company pursuant to Para 97 of Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023. The changes were inter alia, considered and recommended by Nomination and Remuneration Committee and approved by Board of Directors of the Company at their meeting held today i.e December 19, 2024.

1. Resignation of Mr. Thomas John Muthoot (DIN: 00011618), Non-Executive Director:

Mr. Thomas John Muthoot (DIN: 00011618), Non-Executive Director of the Company has tendered his resignation and the same is accepted by the Board of directors with effect from December 19, 2024.

2. Redesignation of Mr. Thomas Muthoot (DIN: 00082099) from the position of Managing Director to Non-Executive Non Independent Director pursuant to his relinquishment from the position of Managing Director:

Mr. Thomas Muthoot (DIN: 00082099) proposed to step down from the position of Managing Director and continue with the Board as Non-Executive Director. The Board have approved to redesignate Mr. Thomas Muthoot as Non-Executive Non-Independent Director of the Company with effect from December 19, 2024.

3. Appointment of Mr. Thomas Muthoot John (DIN: 07557585) as the Executive Director of the Company:

Mr. Thomas Muthoot John (DIN: 07557585) is appointed as the Executive Director of the Company with effect from December 19, 2024 for a period of five years subject to the approval of the members in the ensuing Meeting of members of the Company. A brief profile of Mr Thomas Muthoot John is enclosed herewith this intimation.

Pursuant to the directions dated 14 June 2018 issued by SEBI to the stock exchanges read with Circulars dated 20 June 2018 issued by the stock exchanges & based on the declarations received, we hereby confirm that

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Mr. Thomas Muthoot John is not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority and therefore, he is not disqualified to be appointed as a Director.

The details required in terms of Regulation 30 read with Schedule III - Part A of the Listing Regulations and SEBI Circulars issued in this regard, are given in Annexure I .

Kindly take the same on records.

Thanking you,

Yours faithfully, For Muthoot Microfin Limited

NEETHU AJAY

Digitally signed by NEETHU AJAY Date: 2024.12.19 20:10:22 +05'30'

Neethu Ajay Chief Compliance Officer and Company Secretary

Annexure I

- Details as required under Regulation 30 Part A of Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

	Mr. Thomas John Muthoot (DIN: 00011618)	Mr. Thomas Muthoot John (DIN: 07557585)	Mr. Thomas Muthoot (DIN: 00082099)
Reason for Change viz. Appointment, Resignation, removal, death or otherwise	Resignation Non- Executive Director of the Company	Appointment as Whole time Director	Redesignation from the position of Managing Director to Non-Executive Director
Date of Appointment/ Cessation (as applicable) & term of Appointment	Effective from December 19, 2024	With effect from December 19, 2024, for a period of 5 years, subject to the approval of the shareholders.	Effective from December 19, 2024
Brief Profile	Not Applicable	Mr. Thomas Muthoot John is an ex- Non-Executive Director of the Company. He was previously associated with the company from December 2016 to March 2023. He holds an Economics degree from Loyola College, Chennai, Master’s degree in Entrepreneurship and Management from HEC Paris and Certifications from Harvard Business School and ISB. He has an experience of over 11 years in the field of financialservices.	Thomas Muthoot is one of the Promoters Director of the Company. He holds a bachelor of law degree from University of Kerala. He is on the board of directors of several companies including Muthoot Capital Services Limited, Muthoot Fincorp Limited, Muthoot Housing Finance Company Limited and Muthoot Hotels Private Limited. He has over 38 years of experience in the field of financial services.
Disclosure of relationships between directors	Not Applicable	Nephew of Mr. Thomas Muthoot and Mr. Thomas George Muthoot Son of Mr. Thomas John Muthoot, Ex-Director	Brother of Mr. Thomas George Muthoot & Mr. Thomas John Muthoot and Paternal Uncle of Mr. Thomas Muthoot John
Resignation Letter	As Enclosed	Not Applicable	Not Applicable
Affirmation pertaining to non- debarment from holding the office of Directors by virtue of any SEBI order or any other such authority	Not Applicable	It is hereby confirm that Mr. Thomas Muthoot John is not debarred from holding the Office of Director by virtue of any order passed by SEBI or any other such authority and therefore, he is not disqualified to be appointed as a Director	Not Applicable

16.12.2024

From, Mr. Thomas John Muthoot TC 4/1008(1), Kowdiar P.O, Trivandrum, Kerala-695003, India

To The Board of Directors Muthoot Microfin Limited 13[th ] Floor, Parinee Crescenzo, Bandra Kurla Complex, Bandra East Mumbai 400051

Dear Sir,

- Subject: Resignation fom the position of Non Executive Director of the Company

As part of the ongoing restructuring of the various boards within the parent company and its subsidiaries, I regret to inform you that I am unable to continue serving as a Non-Executive Director of Muthoot Microfin Limited due to time con traints. Therefore, I am writing to formally resign from my position, effective December 19, 2024.

This decision is solely based on my inability to commit the necessary tin1e and dedication required for this role.

I want to express my deepest gratitude for the trust, support, and opportunities you have provided me during my tenure as a Non-Executive Director. It has been an honour to contribute to the growth and succe�s of Muthoot Microfin Limited.

I assure you that there are no other material reasons for my resignation beyond those stated above.

Thank you once again for everything. I wish the company continued success in all its endeavours.

YomrI:u Thomaslo�

DIN: 00011618