Shriram Finance Limited announced comprehensive board decisions following its meeting held on April 24, 2026, where directors approved audited annual financial statements, dividend recommendations, and strategic leadership appointments for the financial year ended March 31, 2026.

Board Meeting Outcomes

The Board of Directors convened from 11:30 AM to 2:55 PM on April 24, 2026, approving several critical decisions. Key approvals included the audited annual financial statements and results for the fourth quarter and financial year ended March 31, 2026, prepared pursuant to Regulation 33 and 52 of the Listing Regulations.

Dividend Declaration

The Board recommended a final dividend of Rs 6.00 per equity share of face value Rs 2.00 each (300%) for the financial year ended March 31, 2026, subject to approval by shareholders at the 47th Annual General Meeting. This is in addition to the interim dividend of Rs 4.80 per equity share declared on October 31, 2025, which was paid to eligible members on November 17, 2025.

Leadership Appointments

Based on the recommendation of the Nomination & Remuneration Committee, the Board approved the re-appointment of Mr. Parag Sharma (DIN 02916744) as Managing Director & CEO for a further period of 5 years with effect from December 13, 2026 to December 12, 2031, subject to shareholder approval at the 47th AGM.

Additionally, the Board approved the appointment of Mr. Morihiko Fuji (DIN 11544762) and Mr. Shinichi Fujinami (DIN 11545464), nominees of MUFG Bank Ltd. (public shareholder), as Additional Directors in the category of Non-Executive Non-Independent Directors with effect from April 24, 2026.

Resource Mobilization and Other Decisions

The Board approved the resource mobilization plan for FY27 for issuance of debt securities through various instruments including redeemable non-convertible debentures, subordinated debentures on private placement basis, External Commercial Borrowings, and securitization for the company's business purposes.

Other key decisions included the appointment of M/s Pijush Gupta & Co., Chartered Accountants (ICAI Firm Registration No. 309015E) as Tax Auditor for FY27, and noting the transfer of Mr. R. Chandrasekar, Joint Managing Director – ESG & Business Responsibility, to a new role within the Shriram Group.

Annual General Meeting Schedule

The 47th Annual General Meeting will be conducted on Friday, July 10, 2026 through Video Conferencing or Other Audio Visual Means. The Register of Members and Share Transfer Books will remain closed from Saturday, July 4, 2026 to Friday, July 10, 2026 for the purpose of the AGM and payment of final dividend.

Source: Company/INE721A01047/dddc294304eb416b.pdf

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 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