Shriram Properties has commenced remote e-voting to seek shareholder approval for material related party transactions for the financial year 2026-27. The company requires this approval as the aggregate value of transactions with individual special purpose vehicles (SPVs) is expected to exceed the limits specified under Regulation 23 of the SEBI Listing Regulations. These transactions are essential for funding project expenses, providing corporate guarantees, and covering sales and marketing costs.

The Board of Directors at its meeting held on May 25, 2026, approved the proposal and appointed Mr. P Sriram or Ms. Nithya Pasupathy, partners of SPNP & Associates, as the scrutinizer for the e-voting process. The Audit Committee and the Board have recommended the ordinary resolution, noting that the transactions are in the ordinary course of business and conducted at arm’s length. None of the directors, key managerial personnel, or promoters hold any direct interest in the related parties involved.

The company’s consolidated turnover for FY 2025-26 stood at ₹1,267.41 Crores, limiting the threshold for material related party transactions to ₹126.74 Crores per related party for FY 2026-27. Despite achieving a booking value of ₹2,354 Crores in the previous financial year, revenue recognition was lower due to Indian Accounting Standards 115. The proposed transactions include inter-corporate deposits, corporate guarantees, and administrative fees, with interest rates set at 14% per annum and guarantee commission at 1% per annum.

E-Voting Schedule and Process

Remote e-voting commences on Friday, June 12, 2026, at 09:00 Hrs and concludes on Saturday, July 11, 2026, at 17:00 Hrs. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date of Friday, June 5, 2026, are eligible to vote. The company has engaged NSDL to facilitate the e-voting process, and physical ballot forms will not be dispatched.

The results of the postal ballot, along with the scrutinizer’s report, will be announced on or before Tuesday, July 14, 2026, at the corporate office in Bengaluru. The outcome will be communicated to BSE Limited and National Stock Exchange of India Limited and displayed on the company’s website and the NSDL e-voting portal.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE217L01019/f070cc16d1f44ba7.pdf

Aurum RealEstate Developers Limited has reduced its stake in Shriram Properties Limited by disposing of 1,53,000 equity shares through market sales between June 3 and June 5, 2026. The transaction, valued at ₹1,37,59,131.62, was disclosed to the company on June 5, 2026, under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The disclosure, submitted in Form C, detailed the change in holding by the promoter group entity. Prior to this disposal, Aurum RealEstate Developers held 2,25,48,862 shares, accounting for 13.21% of the company's equity. The sale of 1,53,000 shares, representing 0.09% of the share capital, was executed entirely via the market mechanism.

Following the transaction, the entity's shareholding has decreased to 2,23,95,862 equity shares. This revised holding constitutes 13.12% of the total paid-up share capital of Shriram Properties Limited. The company received the intimation regarding this change on June 5, 2026.

Transaction Details

The following table outlines the specifics of the share disposal:

The filing confirmed that there were no transactions in derivatives by the promoter entity during the relevant period. The disclosure was signed by Manjiree Takle, Company Secretary of Aurum RealEstate Developers Limited, and subsequently submitted to the exchanges by K. Ramaswamy, Company Secretary & Compliance Officer of Shriram Properties Limited.