sebi:WTM/KCV/CFD/01/2026-27

SEBI · SEBI · 2025-10-24 · Kamlesh Chandra Varshney, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Exemption granted

Provisions invoked

• s. 11
• s. 19
• s. 22

Regulations

• Reg. 4
• Reg. 11
• Reg. 3
• Reg. 5
• Reg. 201
• Reg. 31

Holding

Exemption was granted to the six Acquirer Trusts from the open offer requirements under Regulations 3(1), 4 and 5 of the SAST Regulations, 2011 for the proposed indirect acquisition of 50.21% in Muthoot Microfin Limited via acquiring control of Muthoot Fincorp Limited.

Full text

__________________________________________________________________________________________ Exemption Order in the matter of Muthoot Microfin Limited. Page 2 of 20 Trust (hereinafter referred to as “Acquirer Trust 1”), Thomas George Muthoot (MF) Trust (“Acquirer Trust 2”), Thomas Muthoot (MF) Trust (“Acquirer Trust 3”), Preethi John Muthoot (MF) Trust (“Acquirer Trust 4”), Nina George Muthoot (MF) Trust (“Acquirer Trust 5”), Remmy Thomas (MF) Trust (“Acquirer Trust 6”)(collectively referred to as the “Acquirer Trusts”) in the matter of proposed indirect acquisition of shares and voting rights in the Target Company by the Acquirer Trusts.

__________________________________________________________________________________________ Exemption Order in the matter of Muthoot Microfin Limited. Page 3 of 20 (b) Shareholding Pattern of Muthoot Fincorp Limited (“MFL”), which holds 50.21% of the shares in the Target Company is as follows: S. No. Name No. of Shares % shareholding

__________________________________________________________________________________________ Exemption Order in the matter of Muthoot Microfin Limited. Page 4 of 20 Mr. Thomas George Muthoot Brother of Settlor and Promoter of the TC Mr. Thomas Muthoot Brother of Settlor and Promoter of the TC Beneficiaries Mrs. Preethi John Muthoot Spouse of the Settlor and Promoter of the TC Mr. Thomas M John Son of the Settlor Ms. Susan John Daughter of Settlor Lineal Descendants of Mr. Thomas M John Lineal Descendants of Promoter of the TC. Lineal Descendants of Ms. Susan John Lineal Descendants of Promoter of the TC.

Source: SecMarx — sebi:WTM/KCV/CFD/01/2026-27. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.