New Delhi, Apr 21 (PTI) Gold loan financier Muthoot Finance on Monday said its board has approved an interim dividend of Rs 26 per share ahead of their quarterly numbers for the fourth quarter of FY25.

The board on Monday considered and approved the payment of an interim dividend of Rs 26 per equity share or 260 per cent of the face value of Rs 10 per share for the financial year 2024-25, Muthoot Finance said in a regulatory filing.

Also Read | How a New Pope Is Elected? Who Could Be the Next Pope? As Pope Francis Dies, Know All About Papal Succession.

Besides, it recommended for approval of the shareholders, an increase in the borrowing powers of the Board of Directors for an amount up to Rs 2 lakh crore, it added.

The board also approved the appointment of George Joseph as an independent Director of the company.

Also Read | Bodoland Lottery Result Today, April 21, 2025: Assam State Lottery Sambad Monday Lucky Draw Results Declared, Check Winners List With Ticket Numbers.

The proposals are subject to shareholders' approval, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)