Change in Management

MCSL/SEC/26-27/140 July 16, 2026 BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street, Exchange Plaza, C-1, Block G, Mumbai - 400 001, Maharashtra Bandra Kurla Complex, Bandra (E), Scrip Code (Equity) – 511766 Mumbai - 400 051, Maharashtra Scrip Code (Debenture and CP) - 975282, Trading Symbol – MUTHOOTCAP 975513, 975662, 976146, 976183, 976213, 976233, 976363, 976458, 976806, 976898, 976933, 976965, 977929, 729732, 729733 and 730251 Dear Sir / Ma’am, Sub: Change in Management Pursuant to Regulations 30 and 51 read with other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform you that the Board of Directors of Muthoot Capital Services Limited (“the Company”), at its Meeting held today, i.e., Thursday, July 16, 2026, has, inter alia, considered and: 1. Appointed Ms. Manimekhalai A (DIN: 08411575) as a Non-Executive Independent Director of the Company, based on the recommendation of the Nomination and Remuneration Committee, with effect from July 16, 2026, subject to the approval of the shareholders, by way of a Special Resolution, within the stipulated timelines. The details required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are furnished in the Annexure below. 2. Re-appointed Mrs. Shirley Thomas (DIN: 08586100) as a Non-Executive Independent Director of the Company, based on the recommendation of the Nomination and Remuneration Committee, for a second consecutive term of five (5) years with effect from November 25, 2026, subject to the approval of the shareholders, by way of a Special Resolution, within the stipulated timelines. The details required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are furnished in the Annexure below. 3. Approved the appointment of M/s. K. Venkatachalam Aiyer & Co., Chartered Accountants, (FRN:004610S) as the Tax Auditor of the Company for conducting the Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Tax Audit under the provisions of the Income-tax Act, 1961 for the Financial Year 2026-27. The details required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, are furnished in the Annexure below. The Meeting commenced at 03:00 p.m. and concluded 08:00 p.m. This is for your kind information and records. Thanking You Yours Faithfully, For Muthoot Capital Services Limited Deepa G Company Secretary & Compliance Officer (Membership No.: A68790) Encl: as above Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Annexure Appointment of Ms. Manimekhalai A (DIN: 08411575) as a Non-Executive Independent Director of the Company Sl. Particulars Details 1. Reason for change viz. Appointment of Ms. Manimekhalai A (DIN: appointment re-appointment, 08411575) as a Non-Executive Independent resignation, removal, death Director of the Company or otherwise 2. Date of appointment and Ms. Manimekhalai A is appointed by the Board of Term of appointment Directors, as an Additional Director (Independent) of the Company, with effect from July 16, 2026, up to the date of the ensuing General Meeting. Subject to shareholders' approval by Special Resolution, she shall be appointed as an Independent Director, not liable to retire by rotation, for a term of five (5) consecutive years commencing from July 16, 2026. 3. Brief Profile Ms. Manimekhalai A is a distinguished banker with over three decades of experience in India's public sector banking industry. She began her career as an officer with the erstwhile Vijaya Bank in 1988 and rose through key leadership positions before serving as Executive Director of Canara Bank. In June 2022, she became the first woman Managing Director and CEO of Union Bank of India, where she led the bank until her retirement in 2026. An MBA in Marketing from Bangalore University and a Certified Associate of the Indian Institute of Bankers (CAIIB), she is recognized for her contributions to strategic planning, digital transformation, business growth, financial inclusion, and the successful integration of major banking operations. 4. Disclosure of relationships Not Applicable between directors (in case of appointment of a director) Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Re-appointment of Mrs. Shirley Thomas (DIN: 08586100) as a Non-Executive Independent Director of the Company Sl. Particulars Details 1. Reason for change viz. Re-appointment of Mrs. Shirley Thomas (DIN: appointment re-appointment 08586100) as a Non-Executive Independent resignation, removal, death Director of the Company, for a second consecutive or otherwise term of five (5) years, with effect from November 25, 2026. 2. Date of re-appointment and As the current term of five (5) consecutive years is Term of re-appointment due to expire on November 24, 2026, the Board has approved re-appointment of Mrs. Shirley Thomas as an Independent Director for a second consecutive term of five (5) years with effect from November 25, 2026, subject to the approval of the shareholders by way of a Special Resolution. 3. Brief Profile Mrs. Shirley Thomas has an all-round Banking experience spread over Branch Banking to Network Level Senior Management roles with State Bank of India (SBI). She started her career in 1984 as a Probationary Officer in SBI. Her key areas of expertise are finance, banking, management, sales, and administration. She was Senior Vice President, Sales and Distribution during the period from September 2008 to November 2012. She had handled Corporate Banking, Retail Business, Agricultural Finance, International Banking, Non- Resident Accounts, and Small-Scale Industries in several large branches in her distinguished career and also handled many positions over the last several years including Senior Vice President, Strategic Partnership and Remittances; Senior Vice President, Sales and Distribution; Assistant General Manager, Stressed Asset Management Branch; Deputy General Manager, Group Risk; Deputy General Manager, Enterprise Risk and Group Risk Management; General Manager Chennai Circle, etc. Shirley Thomas was also a Nominee Director of ITCOT Limited for a period of 1 year. Apart from Muthoot Capital Services Limited, Shirley Thomas holds directorship in Bamni Proteins Limited, Nitta Gelatin India Limited and BWDA Finance Limited. 4. Disclosure of relationships Not Applicable Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, 6613450, F: +91-484-2381261, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 between directors (in case of appointment of a director) Appointment of M/s. K. Venkatachalam Aiyer & Co, Chartered Accountants, as Tax Auditors of the Company Sl. Particulars Details 1. Reason for change viz. Appointment of M/s. K. Venkatachalam Aiyer & appointment re-appointment, Co., Chartered Accountants, ((FRN:004610S) as resignation, removal, death Tax Au [Showing first 8,000 characters — download PDF for full document]