Gold loan major Muthoot Finance on Monday announced an interim dividend of Rs 26 per share ahead of releasing its Q4 FY25 results. The dividend translates to 260% of the face value of Rs 10 per equity share.
In a regulatory filing, the company said the dividend is for the financial year 2024-25 and will be paid to shareholders as per the record date to be notified soon.
Alongside, the company’s board has recommended an increase in its borrowing limit to Rs 2 lakh crore, subject to shareholder approval. This move signals the company’s ambition to significantly expand its lending capacity.
The board also approved the appointment of George Joseph as an independent director of the company, further strengthening its governance framework. This appointment, too, awaits the nod of shareholders.
Muthoot Finance is among India’s largest non-banking financial companies (NBFCs), primarily offering gold loans. The announcement comes at a time when NBFCs are looking to strengthen their balance sheets and scale operations ahead of the expected credit demand surge in FY25.