Appointment

MCSL/SEC/26-27/190 August 31, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai - 400 001, Maharashtra Mumbai - 400 051, Maharashtra Scrip Code (Equity) - 511766 Trading Symbol - MUTHOOTCAP Scrip Code (Debenture and CP) - 975282, 975513, 975662, 976146, 976183, 976213, 976233, 976363, 976458, 976806, 976898, 976933, 976965, 978079, 729732, 729733 and 730251 Dear Sir / Ma’am, Sub: Change in Senior Management Personnel Pursuant to Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), this is to inform that the Board of Directors of Muthoot Capital Services Limited (the “Company”), at its meeting held today, noted the resignation of Mr. Ajay Muchhal from the position of Head - Credit of the Company w.e.f. the closure of business hours of August 31, 2026 and considered and approved the appointment of Ms. Vidya Awasthi as the Head - Credit of the Company w.e.f. September 02, 2026, based on the recommendations of the Nomination and Remuneration Committee. The disclosure required under Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III of the Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as Annexure A and the resignation letter as received from Mr. Ajay Muchhal is attached herewith as Annexure B. It may be noted that the meeting started at 12:00 p.m. and concluded at 03:30 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, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Annexure A A. Cessation of Mr. Ajay Muchhal from the position of Head – Credit of the Company Sl. Particulars Details 1. Reason for change viz. appointment re- Resignation due to personal reasons appointment, resignation, removal, death or otherwise 2. Date of appointment / T h e r e s i g n a t i o n w i l l b e effective from the re-appointment/cessation (as closure of business hours of August 31, 2026 applicable) & term of appointment/re- appointment; 3. Brief Profile (in case of appointment) Not Applicable 4. Disclosure of relationships between Not Applicable directors (in case of appointment of a director) B. Appointment of Ms. Vidya Awasthi as the Head – Credit of the Company Sl. Particulars Details 1. Reason for change viz. appointment re- Appointment as the Head – Credit of the appointment, resignation, removal, Company. death or otherwise 2. Date of appointment / T h e a p p o i n t m e n t w i l l b e effective from the re-appointment/cessation (as September 02, 2026. applicable) & term of appointment/re- appointment; 3. Brief Profile (in case of appointment) Ms. Vidya Awasthi is a Credit Risk professional with over 19 years of experience in banking and financial services, with expertise spanning MSME, retail and commercial lending. She has held senior positions with reputed financial institutions including Sundaram Finance Limited, ICICI Bank Limited, HDFC Bank Limited and CredRight Finance Private Limited, where she was most recently associated as Head – Credit & Risk (Unsecured Business Loans & LAP) since October 2024. She has extensive experience in credit Muthoot Capital Services Limited, Registered Office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala, India P: +91-484-6619600, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 management, credit risk, underwriting, portfolio management, credit strategy, policy formulation and risk assessment, with exposure to diverse lending products and geographies. She has also led large credit portfolios and teams and has driven initiatives involving digital transformation of credit processes, Straight-Through Processing (STP), Business Rule Engines (BRE), and AI/ML-based underwriting solutions. Her experience includes developing data-driven underwriting and early warning mechanisms and implementing risk mitigation strategies while balancing credit risk, operational efficiency and business growth. 4. Disclosure of relationships between Not Applicable 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, Email: secretarial@muthootcap.com, www.muthootcap.com CIN: L67120KL1994PLC007726 Annexure B 'Iir itlalhorvs itltrkoso {'hicl llxrxrrlive l)f fictr }lurlr.rlla (ut irrrl Scrvicer l,td :lrd lrloor'. rUulh.x'l 'l'o$crr. tt('l lto&.|. K.).'hi - Gll2 a):15 Suhic(t: ft('sigaa!.il!!l!rq!!! !lI!' Porilion Q! llotd - ( ro.lir ol lh.r C.)lnl!4!!! Dear Sir, t hereby tender Dry resignation ffom tlle position ol llcrd - Crerfil of Muthoot Capital Services Limited due lo pcrsonal reisons. Irequest that Dry resignatjon hc accepted and thal I be relieved llom my duties and responsibilities as lt('flrl - (]rerlit rr,ith e11ect from the (losillg lr.)[rs of -lrrgrrsi ;lI' 202G. I would like to express my sin.ere graliludc to lhe Managemcnt atld the Board oI Directors for rhe support, guidance and opportunitic\ uxtended to mc durillg my lcDure \t'ith the Conlpany I shdll extend all neccssary aooperdtion lo enslrre a smooth lransition and handovcr of my datc. responsibilities prlor to my relievifg ,: t \rish the Company and lhc enlire team conlinued success and gro\{th in the lutlire \burs laithfull)', lfur:I rnl Date: Augusl 21, 2026