Muthoot Finance Ltd - 533398 - Disclosure Under Reg. 10(5) In Respect Of Acquisition Of Shares Under Reg. 10(1)(A)(I) Of SEBI (SAST) Regulations, 2011.
Prior intimation under Regulation 10(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for proposed acquisition of shares. Muthoot Finance Ltd - 533398 - Proceedings Of The Annual General Meeting.
The proceedings of 24th Annual General Meeting of the Company held on Saturday, September 18, 2021 through Video Conferencing/ Other Audio-Visual Means (VC/ OAVM) from 03.30 p.m. to 05:30 p.m. MUTHOOT FINANCE LTD. - 533398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed herewith the copy of Newspaper Advertisements published on August 28, 2021 in 'Business Standard' and 'Metro Vaartha' in respect of the 24th Annual General Meeting of the shareholders of the Company to be held on Saturday, September 18, 2021 at 03.30 P.M. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM). Muthoot Finance Ltd - 533398 - 24Th AGM Notice And Annual Report Of Muthoot Finance Limited For The FY 2020-21.
The 24th Annual General Meeting (AGM) of the members of the Company will be held on Saturday, September 18, 2021 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 Companies Act, 2013, and the Listing Regulations. We herewith enclose a copy of the 24th AGM Notice including instructions for e-voting and Annual Report for the FY 2020-21, which is being sent to the members of the Company in electronic mode. MUTHOOT FINANCE LTD. - 533398 - Annual General Meeting And Book Closure
The 24th Annual General Meeting (AGM) of the members of the Company will be held on Saturday, September 18, 2021 at 3.30 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 Companies Act, 2013, and the Listing Regulations. The Register of Members and Share Transfer Books of the Company shall remain closed as part of Annual Book Closure of the Company from September 12, 2021 to September 18, 2021 (both days inclusive). MUTHOOT FINANCE LTD. - 533398 - Reg. 34 (1) Annual Report
Annual Report for the financial year 2020-21 Muthoot Finance Ltd - 533398 - Corrigendum To Disclosure Made Under Regulation 30 On August 25, 2021
We have made a disclosure under Regulation 30 of the Listing Regulations today (August 25, 2021) regarding signing of definitive agreements by Belstar Microfinance Limited. In the said announcement it was mentioned that there will be a '....secondary offer for sale by Promoters and Muthoot Finance Limited for a total consideration of Rs. 20 Crores'. The said sentence regarding secondary offer for sale shall be read as '...secondary offer for sale by Promoters for a total consideration of Rs. 20 Crores'. MUTHOOT FINANCE LTD. - 533398 - Updates Regarding The Execution Of Definitive Agreements By Belstar Microfinance Limited, A Subsidiary Company
Updates regarding the execution of definitive agreements by Belstar Microfinance Limited, a subsidiary company Muthoot Finance Ltd - 533398 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement showing the general information to shareholders on the upcoming Annual general Meeting of the Company and the E-voting process. Q1FY22 Result Announced for Muthoot Finance Ltd.
Consolidated Results of Muthoot Finance Ltd Muthoot Finance Ltd Consolidated Loan Assets under management achieved a YoY increase of 25% at Rs. 58,135crs as at Q1 FY22 as against last year of Rs. 46,501crs. During the quarter, Consolidated Loan Assets under management decreased by Rs. 145crs. Consolidated Profit after tax achieved a YOY increase of 14% of Rs. 979crs as against last year of Rs. 858crs. Standalone Results of Muthoot Finance Ltd and its subsidiaries Muthoot Finance Ltd (MFIN) the largest gold financing company in India in terms of loan portfolio, registered an increase in net profit of 16%, at Rs. 971crs for Q1FY22 as against Rs.841crs for Q1 FY21. Loan Assets stood at Rs. 52,614crs compared to Rs. 41,296crs previous year, Y-o-Y growth of 27%. During the quarter, gold loan assets increased by Rs. 142crs. Muthoot Homefin (India) Ltd (MHIL), the wholly owned subsidiary, has a loan portfolio of Rs. 1705crs as against previous year of Rs. 1979crs. During Q1 FY22, loan portfolio increased by approximately by Rs. 1crs. Total revenue for Q1 FY22 stood at Rs.46crs as against Rs. 59crs in the previous year. It achieved a profit after tax of Rs.0.48crs in Q1 FY22 as against Rs.0.41crs in the previous year. Its Stage III Asset on Gross Loan Asset as on June 30, 2021 stood at 5.94% and net of Stage 3 ECL provisions stood at 4.12%. M/s. Belstar Microfinance Limited (BML), an RBI registered micro finance NBFC and Subsidiary Company where Muthoot Finance holds 70.01% stake, grew its loan portfolio to Rs.3,072crs as against last year of Rs. 2,575crs, a YoY increase of 19%. It achieved a profit after tax of Rs.2crs in Q1 FY22 as against previous year profit after tax of Rs.15crs. Its Stage III Asset on Gross Loan Asset % as on June 30, 2021 stood at 3.67% and net of Stage 3 ECL provisions stood at 1.25%. Muthoot Insurance Brokers Pvt Limited (MIBPL), an IRDA registered Direct Broker in insurance products and a wholly owned subsidiary company generated a total premium collection amounting to Rs.61crs in Q1 FY22 as against Rs.44crs in the previous year. It generated a Profit after Tax of Rs.4.31crs in Q1 FY22 as against Rs. 4.16crs in the previous year. The Sri Lankan subsidiary- Asia Asset Finance PLC(AAF) where Muthoot Finance holds 72.92% stake, increased its loan portfolio to LKR 1429crs as against LKR 1348crs last year, a YoY increase of 6%. During Q1 FY22, loan portfolio increased by LKR 29crs.Total revenue for Q1 FY22 stood at LKR 68crs as against previous year total revenue of LKR 70crs. It generated a Profit after Tax of LKR.0.97 crs in Q1 FY22 as against as against previous year loss of LKR 1.69 crs , a YoY increase of 157%. Muthoot Money Ltd (MML), became a wholly owned subsidiary of Muthoot Finance Ltd in October 2018. MML is a RBI registered Non- Banking Finance Company engaged mainly in extending loans for Cars, Two wheelers, Commercial Vehicles and Equipments. Recently, As on June 30,2021, its loan portfolio stood at Rs.333crs, as against last year of Rs.497crs. Total revenue for Q1 FY22 stood at Rs. 11 crs. It incurred a loss of Rs 0.11crs in Q1 FY 22 as against previous year loss of 2.47crs. Its Stage III Asset on Gross Loan Asset % as on June 30, 2021 stood at 18.85% and net of Stage 3 ECL provisions stood at 14.28%. Commenting on the results Mr. George Jacob Muthoot, Chairman stated, “As second wave of pandemic hit across the country in the first quarter, amidst selective lock downs at state and local level , we took all efforts to open our branches and maintain our services to the extent possible. Thanks to all our 25000+ workforce, we were able to maintain our Consolidated Loan AUM on QoQ basis inspite of the tough environment. However, compared to last year,Loan assets grew by 25% at Rs.58,135crs. Profit after tax for the quarter increased by 14% at Rs.979crs compared to last year.” Speaking on the occasion Mr. George Alexander Muthoot, Managing Director said, “We consciously decided to go slow in terms of non-gold lending business on account of continued uncertainty and emerging uncertain credit behavior. We are redrawing our strategies in terms of non-gold lending business and we are confident to emerge stronger as environment improves. On Gold Loan front, we are targeting 15% growth in the remaining 3 quarters.” Result PDF