Shriram Finance announced the voting results for its 47th Annual General Meeting held on July 10, 2026, confirming that all ten proposed resolutions were passed with the requisite majority. The meeting, conducted via video conferencing, saw participation from 152 members through remote e-voting and e-voting during the AGM. The total number of shareholders as on the cut-off date of July 3, 2026, was 3,65,191.

Shareholders approved the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. A final dividend of ₹6 per equity share was declared, confirming the interim dividend of ₹4.80 per share declared earlier, resulting in a total payout of ₹10.80 per share for FY26. The resolution to appoint Mr. D. V. Ravi as Director, retiring by rotation, was approved with 90.45% votes in favour and 9.55% against.

The re-appointment of Mr. Parag Sharma as Managing Director & CEO for a period of five years effective December 13, 2026, was sanctioned with 98.75% of votes in favour. Additionally, the appointments of Mr. Morihiko Fuji and Mr. Shinichi Fujinami as Non-Executive Non-Independent Directors, representing MUFG Bank Ltd., were approved. The meeting also authorized material related party transactions with MUFG Bank Ltd. for the financial year 2026-27.

M/s. G. D. Apte & Co. and M/s. M M NISSIM & CO LLP were re-appointed as Joint Statutory Auditors for the financial year ending March 31, 2027. The Company Secretary confirmed there were no qualifications in the Auditors' Report or the Secretarial Audit Report for FY26. The scrutinizer, SPNP & Associates, oversaw the voting process, and the proceedings were webcast live.

Voting Results Summary

Shriram Finance has allotted Non-Convertible Debentures (NCDs) worth ₹2,000 crore on July 09, 2026, to strengthen its long-term resources. The Allotment Committee approved the issuance of two series of secured, rated, and redeemable NCDs on a private placement basis. The debt instruments carry coupon rates of 7.80% and 8% per annum, with tenors extending up to December 2031.

Breakdown of NCD Allotment

The company issued 1,00,000 NCDs under Option 1 and 10,000 NCDs under Option 2. Both series are listed on the WDM segment of BSE and are secured against the company's assets. The proceeds will be utilized for financing asset classes, onward lending, refinancing existing debt, and meeting working capital requirements in compliance with statutory and regulatory norms.

Key Financial Details

Interest Payment Schedule

For Option 1, interest payments are scheduled annually on September 07, 2026, 2027, 2028, and upon maturity on September 07, 2029. Option 2 features annual interest payments on December 28 from 2026 to 2030, with the final payment due on maturity on December 26, 2031. The effective yield for Option 2 is 7.90%, reflecting a premium issue price of ₹3,370 per debenture.

Security and Utilization

Both NCD options are secured, and there is no record of delay or default in interest or principal payments. The issuance follows the board meeting held on April 24, 2026, which authorized the fund-raising exercise. The company confirmed that 100% of the proceeds will be utilized in accordance with RBI requirements and other statutory guidelines.