Annual Report for FY 2025-26

Ref: SEC/MFL/SE/2026/6706 August 07, 2026 National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza BSE Limited Plot No. C/1, G Block, Bandra - Kurla Complex, P.J. Tower, Dalal Street Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Symbol: MUTHOOTFIN Scrip Code: 533398 NSE IFSC Limited (NSE IX) Unit 1201, Brigade, International Financial Center, 12th Floor, Building No. 14-A, GIFT SEZ Gandhinagar, Gujarat 382 355 Dear Sir/Madam, Sub: Disclosure under Regulation 30, 34 (1), 53 and other applicable regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”) Re: Annual Report for Financial Year 2025-26 & Notice of Annual General Meeting (“AGM”) The 29th Annual General Meeting of the members of Muthoot Finance Limited will be held on Monday, August 31, 2026, at 03.30 P.M. (IST) through Video Conferencing (“VC”)/ Other Audio Visual Means (“OAVM”) without the physical presence of the members in accordance with the applicable provisions of the Companies Act, 2013, and the Listing Regulations. We herewith enclose a copy of the Notice of the AGM including instructions for e-voting and the Annual Report for the FY 2025-26, which are being sent to the members of the Company in electronic mode. Further, pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the Company has initiated sending a letter to the shareholders whose e-mail addresses are not registered with the Company/RTA/Depositories, providing a web-link for accessing the Annual Report of the Company. In accordance with the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014, as amended from time to time, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard on General Meetings (SS-2) issued by the Institute of Company Secretaries of India, the Company is pleased to provide e-voting facility to the Members to cast their vote electronically on all resolutions as outlined in the Notice convening the AGM. Members may cast their votes remotely, using an electronic voting system (remote e-voting), which shall be available during the following voting period: Commencement of remote e-voting Friday, August 28, 2026, at 09:00 A.M (IST). Conclusion of remote e-voting Sunday, August 30, 2026, at 05:00 P.M (IST) Remote e-voting will not be allowed beyond the aforesaid date and time and the said facility shall be forthwith disabled by CDSL upon expiry of the aforesaid period. The Cut-off date for determining the eligibility of Members entitled to vote at the AGM is Monday, August 24, 2026. The voting rights of members shall be in the proportion to the shares held by them in the paid-up equity share capital of the Company as on the Cut-off date. Any person, who is a member of the Company as on the Cut-off date is eligible to cast vote electronically on all the resolutions outlined in the Notice of the AGM. The Members who have cast their vote by remote e-voting prior to the AGM may also attend/ participate in the AGM through VC/ OAVM but shall not be entitled to cast their vote again. Notice of the AGM and the Annual Report for the Financial Year 2025-26 (“Annual Report”) are available on the website of the Company and can be accessed from the below links: Notice of the 29th AGM Click Here Annual Report for FY 2025-26 Click Here For Muthoot Finance Limited Rajesh A Company Secretary ICSI Membership No. FCS 7106 Our guiding Index inspiration Corporate overview 01–21 Our guiding inspiration 01 Theme introduction 02 Chairman's message 04 Managing Director's message 08 Directors' messages 12 Late Shri M. George Muthoot What sets us apart 14 Founder About us 16 Our milestones 18 Our founder, the late Shri M. George Muthoot, saw Our presence 20 what the gold loan could become in India long before the rest of the market did. He opened the first branch in 1939, and the insight behind it that a household's Business overview Statutory reports gold could be a source of dignified, dependable 22–49 100–219 credit became the foundation of an industry. The Business review 24 Report of the Board of Directors 100 values he set down have guided every decade since Financial performance review 36 Business responsibility and 123 then and carried Muthoot from a single counter in Technology infrastructure 40 sustainability report Kozhencherry to a trusted name across India. Marketing 44 Report on corporate governance 171 Management discussion and analysis 202 50–99 Financial statements ESG approach 52 220–481 Environment 54 Standalone 220 Late Shri M. G. George Muthoot People 56 Consolidated 354 Former Chairman Relationship with shareholders 62 Customers 64 Our Former Chairman, the late Shri M. G. Communities 70 George Muthoot, was instrumental in building Governance 84 Scan the QR code that foundation into a pan-India institution and Board of Directors 90 to know more about the country's largest gold loan NBFC. Under his Awards 98 our Company. leadership, the Muthoot Group grew from 31 branches across four states in 1979 to more than 4,600 branches nationwide by 2021. Forward-looking statement Some information in this report may contain forward-looking statements. We have based these forward-looking statements on our current beliefs, expectations and intentions as to facts, actions and events that will or may occur in the future. Such statements generally are identified by forward-looking words such as ‘believe’, ‘plan’, ‘anticipate’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, or other similar words. A forward-looking statement may include a statement of the assumptions or basis underlying the forward- looking statement. We have chosen these assumptions or bases in good faith, and we believe that they are reasonable in all material respects. However, we caution you that forward-looking statements and assumed facts or bases almost always vary from actual results, and the differences between the results implied by the forward-looking statements and assumed facts or bases and actual results can be material, depending on the circumstances. Theme introduction / Corporate overview For 87 years, our work has come down to a single idea: being within reach of the household that needs us in the moment it does. That closeness is physical. At the branch, That movement runs through everything a short walk from home, the manager that follows. Closer to the borrower's knows the family; the gold is valued across ambition, as gold is put to productive use. a counter built on trust. It lets a household Closer to every town, as the franchise turn an idle asset into immediate liquidity, reaches deeper across the country. Closer without processes it cannot navigate or across our businesses, each serving a delays it cannot afford. customer that the gold loan alone cannot reach. Closer through technology, as That closeness, over the years, has come trust built at the branch travels home on to carry a larger meaning. Across India, the customer's phone. And closer to the families and small businesses have steadily communities we serve. come to use gold loans for productive purposes as well: the shopkeeper funding That is what this year's record reflects: the next season's stock, the farmer a Company that has grown by being bridging the gap to the harvest, and the present for both the hard days and the entrepreneur backing an idea before hopeful ones. a bank will. Gold that once sat idle in the locker is increasingly at work in the economy, and we have helped enable Closer tothat shift an d havee grown with ivt. ery Closer to every Indian 02 Muthoot Finance Limited Muthoot Finance Limited 03 Annual Report 2025-26 Annual Report 2025-26 Chairman's message / Corporate overview CHAIRMAN’S MESSAGE Closer to every Indian, closer to their goals Dear Shareholders, [Showing first 8,000 characters — download PDF for full document]