Shriram Asset Management Company has accepted the resignation of Deepak Ramaraju from the position of Senior Fund Manager effective June 30, 2026, due to personal reasons. The company disclosed this development to BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Vinita A. Kapoor, Company Secretary & Lead - Legal, confirmed the cessation of the senior management personnel's tenure. The resignation follows the standard procedural requirements for informing regulatory authorities regarding changes in key managerial positions.

Resignation Details

The specific details regarding the change in senior management personnel were outlined in the filing. The following table summarizes the key particulars disclosed pursuant to SEBI regulations:

The resignation letter addressed to Kartik Jain, Managing Director and CEO, cited personal reasons for the decision. Ramaraju requested that the necessary intimations be made to the regulatory authorities in accordance with applicable laws.

Shriram Asset Management Company, registered with SEBI under registration number MF/017/94/4, operates from its registered office in Chembur, Mumbai. The company has ensured that the required compliance procedures were followed subsequent to the receipt of the resignation.

Shriram Asset Management Company has re-designated Ketankumar Shah as Principal Officer (PMS Division) and appointed Hitesh Savanth as Senior Fund Manager for its Mutual Fund Business, effective June 15, 2026. These structural changes aim to strengthen the company's leadership in portfolio management and mutual fund operations. Both executives will continue to serve as Senior Management Personnel (SMP) of the company.

The Board of Directors approved the changes through circular resolutions on June 9, 2026, and June 12, 2026, based on the recommendations of the Nomination and Remuneration Committee. The appointments were disclosed to BSE Limited under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Executive Profiles

Ketankumar Shah brings over 17 years of experience in Equity Research, with more than 15 years of buy-side experience. His expertise spans sectors such as BFSI, Engineering, Capital Goods, and Construction. He holds a Post Graduate Diploma in Business Management (PGDBM) from N L Dalmia Institute of Management Studies and Research and a Bachelor of Management Studies (BMS) from Mithibai College, Mumbai University. He also possesses the NISM Series XXI B Portfolio Managers Certificate.

Hitesh Savanth has over 12 years of experience in Portfolio Management and Wealth Management. He has managed and advised Family Offices and UHNIs on Public Equity, Private Investments, and Multi-asset portfolios across Indian and Global markets. Savanth holds a B. Com (Hons.) from Sri Sathya Sai University and is a Chartered Financial Analyst from the CFA Institute.

Details of Appointments