Shriram Finance Appoints MUFG Bank Nominees as Non-Executive Directors

Shriram Finance announced the appointment of two senior MUFG Bank executives as Non-Executive Non-Independent Directors to its Board, effective April 24, 2026. The appointments follow the strategic investment agreement executed between the Company and MUFG Bank on December 19, 2025, which involved the allotment of 47,11,21,055 equity shares to MUFG.

Director Appointments

The Board approved the appointment of Mr. Morihiko Fuji (DIN 11544762) and Mr. Shinichi Fujinami (DIN 11545464) as Additional Directors in the category of Non-Executive and Non-Independent Directors. Both appointees are nominees of MUFG Bank, Ltd., which is now a public shareholder in the Company. The appointments are subject to approval by Members of the Company at the next general meeting or within three months from the date of appointment, whichever is earlier.

Director:	DIN	Designation	Effective Date
Mr. Morihiko Fuji	11544762	Non-Executive Non-Independent Director	April 24, 2026
Mr. Shinichi Fujinami	11545464	Non-Executive Non-Independent Director	April 24, 2026

Director Profiles

Mr. Morihiko Fuji is a senior banking professional with over two decades of experience at MUFG Bank, Ltd., Japan. He currently serves as Managing Director and Head of Global Commercial Banking Planning Division since April 2026. Previously, he held positions as Managing Director and Head of Business Development Office Corporate Planning Division. His experience encompasses corporate planning, internal management oversight, governance, risk management, and group-wide M&A strategy.

Mr. Shinichi Fujinami serves as Head of the Japanese Corporate Banking Division for the Americas (U.S. West) and Head of the Los Angeles Branch at MUFG, covering the bank's business with Japanese corporate clients on the U.S. West Coast. With over two decades in banking, he has focused on corporate banking, planning, and strategy. He joined Bank of Tokyo-Mitsubishi in 1999 and has held various strategic roles in corporate banking and planning divisions in Japan and the United States. Prior to his current role in May 2024, he held the Head of JCB Planning position since April 2022, and served as Deputy Head of JCB Americas from October 2023. He was also seconded to Union Bank, U.S. (2013-2018), where he was responsible for financial and strategic planning and M&A execution.

Regulatory Compliance

The appointments were approved by the Board based on the recommendation of the Nomination and Remuneration Committee at their meeting held on April 24, 2026. The Board meeting commenced at 11:30 A.M. and concluded at 2:55 P.M. The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A and Part B of Schedule III of the Listing Regulations and SEBI Master Circular updated on January 30, 2026.

Both directors have confirmed they are not related to any other Director of the Company and are not debarred from holding the office of Director by virtue of any SEBI order or any other authority. This appointment follows the Company's earlier intimation dated February 13, 2026 regarding the assessment of 'fit and proper' status of both nominees.

Source: BSE Limited, National Stock Exchange of India Limited

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.45%	-7.35%	-8.55%	+15.37%	+38.37%	+236.09%

Shriram Finance Limited has informed stock exchanges about its plans to conduct committee meetings for raising funds through debt securities. The company communicated this development through a formal letter dated April 24, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited.

Fund Raising Strategy

The company will consider raising funds through the issuance of various debt instruments during the specified period. The fund raising initiative encompasses multiple financial instruments designed to strengthen the company's capital base.

Parameter:	Details
Meeting Period:	May 01, 2026 to July 31, 2026
Instrument Types:	Redeemable NCDs, Subordinated Debentures, Bonds
Market Approach:	Onshore and Offshore Markets
Issuance Method:	Private Placement Basis
Market Dependency:	Subject to Market Conditions

Committee Structure and Responsibilities

Two key committees will oversee the fund raising process. The Banking and Finance Committee and Allotment Committee-NCDs will conduct meetings to evaluate and approve various aspects of the debt securities issuance.

These committees will operate according to their respective terms of reference and will have the authority to determine:

Issue price of debt securities and bonds
Terms and conditions for the issuance
Specific parameters deemed appropriate for market conditions
Final approval for allotment procedures

Regulatory Compliance Framework

The fund raising initiative operates under strict regulatory guidelines. The company has ensured compliance with regulation 29, regulation 50, and other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015.

This regulatory framework provides the necessary oversight for the debt securities issuance process, ensuring transparency and adherence to market standards. The committees will make decisions within these regulatory parameters while maintaining flexibility to respond to market dynamics.

Corporate Communication Details

The formal communication was signed by U Balasundararao, Company Secretary & Chief Compliance Officer, and digitally authenticated on April 24, 2026. This announcement follows the company's earlier board meeting outcome communicated on the same date, indicating a structured approach to the fund raising process.