Muthoot Capital Services511766Routine director change

Chief Risk Officer resigns, effective from close of business hours of October 14, 2026

Mrs. Umadevi Pazhoor Unnikrishnan has resigned as Chief Risk Officer of Muthoot Capital Services Ltd, citing personal reasons.

By ScoutQuest · Wed 14 Oct 2026, 8:54 PM IST · 2 min read

Chief Risk Officer steps down

Mrs. Umadevi Pazhoor Unnikrishnan has resigned from the position of Chief Risk Officer of Muthoot Capital Services Limited.
The resignation is effective from the close of business hours of October 14, 2026.
The reason recorded in the company's disclosure is resignation due to personal reasons.

What the resignation letter says

The letter is addressed to Mr. Mathews Markose, Chief Executive Officer, Muthoot Capital Services Ltd.
In it, she requests that her resignation be accepted and that she be relieved from her duties and responsibilities as Chief Risk Officer with effect from the closing hours of October 14, 2026.
She has expressed her sincere gratitude to the management and the Board of Directors for the support, guidance and opportunities extended to her during her tenure with the company.
She has stated that she will extend all necessary cooperation to ensure a smooth transition and handover of her responsibilities prior to her relieving date.

How the change was intimated

The disclosure was made under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The accompanying format sets out the reason for the change and the date on which the resignation takes effect.
In that format, the entries relating to brief profile (in case of appointment) and disclosure of relationships between directors (in case of appointment of a director) are marked NA, as this is a resignation rather than an appointment.

The role and why it matters

The Chief Risk Officer is a senior position in a lending business, responsible for identifying, measuring and managing the risks the company takes on across its loan book and operations.
A change at this level is a management change that the company is required to inform the stock exchanges about, so that all investors receive the same information at the same time.
The stated reason is personal, and the effective date of the change is set out in the update.
Investors who track such transitions generally look at continuity in the risk function and how the handover is managed.

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