Shriram Finance Limited has issued a compliance certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, confirming the successful completion of share dematerialization processes. The certificate, dated April 06, 2026, was submitted to the National Stock Exchange of India Limited, BSE Limited, National Securities Depository Limited, and Central Depository Services (India) Ltd.

Regulatory Compliance Confirmation

The company has confirmed compliance with key regulatory requirements for dematerialization processes. The compliance certificate addresses two critical aspects of the dematerialization process as mandated by SEBI regulations.

Registrar and Transfer Agent Confirmation

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Transfer Agent (RTA), has provided confirmation of compliance with dematerialization requirements. The RTA has confirmed completion of all necessary processes within the stipulated 15-day timeframe as required by regulations.

The RTA's confirmation covers several key operational aspects:

• Verification and confirmation of dematerialization to respective depositories
• Immediate mutilation and cancellation of physical share certificates
• Substitution of depository names as registered owners in company records
• Monthly reporting to stock exchanges where securities are listed

Share Certificate Dematerialization Details

The company has provided detailed information regarding share certificates dematerialized during the period from March 16, 2026 to March 31, 2026. The dematerialization process covered multiple folio numbers with varying share quantities.

Corporate Communication

The compliance certificate was signed by U Balasundararao, Company Secretary and Chief Compliance Officer of Shriram Finance Limited. The documentation was submitted to all relevant regulatory bodies and depositories as part of the company's ongoing compliance obligations.

The company maintains its corporate office at Wockhardt Towers, Bandra-Kurla Complex, Mumbai, while its registered office is located in Chennai, Tamil Nadu. All dematerialization processes were coordinated through the company's appointed RTA in Chennai.

Shriram Finance Limited has announced a substantial reduction in penalty amounts for financial years 2018-19 and 2019-20, following rectification orders received from the Commercial Tax Officer, Chennai South, Tamil Nadu. The company informed the stock exchanges about this development on April 1, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Background of the Penalties

The penalties were originally imposed through show cause cum demand orders against erstwhile Shriram City Union Finance Limited, which was amalgamated with Shriram Finance Limited with effect from April 1, 2022. The company had previously intimated the exchanges about these penalties on December 31, 2025, and January 23, 2026, respectively.

Penalty Reduction Details

The Commercial Tax Officer issued rectification orders dated March 30, 2026, significantly reducing the penalty amounts for both financial years:

Complete Tax Demand Structure

The rectification orders also addressed the total tax demands and interest components for both years:

FY 2018-19 Revised Demands

• Tax Demand: Reduced from Rs.13,03,53,551/- to Rs.70,42,822/-
• Interest: Reduced from Rs.15,73,02,807/- to Rs.84,98,852/-
• Penalty: Reduced from Rs.13,03,53,551/- to Rs.70,42,822/-

FY 2019-20 Revised Demands

• Tax Demand: Reduced from Rs.24,06,19,502/- to Rs.1,02,20,890/-
• Interest: Reduced from Rs.12,01,51,803/- to Rs.1,06,00,042/-
• Penalty: Reduced from Rs.24,06,19,502/- to Rs.1,02,20,890/-

Compliance and Disclosure

The company has forwarded copies of the rectification orders to the concerned officer and made the intimation to stock exchanges immediately after receipt of the orders by the concerned officer. This disclosure was made by U Balasundararao, Company Secretary & Chief Compliance Officer, ensuring compliance with listing regulations and maintaining transparency with stakeholders.