HDFC AMC to Consider Bonus Share Issuance and Q2 Results on October 15

Shriram Asset Management Company is set to hold a crucial board meeting on October 15, 2023, with two significant agenda items on the table. The company will consider issuing bonus shares to its shareholders and review its quarterly results for the July-September period.

Potential Bonus Share Issuance

This marks a notable event for HDFC AMC, as it's the first time since its 2018 listing that the company will contemplate issuing bonus shares. Bonus shares are additional shares given to existing shareholders without additional cost, effectively increasing the number of outstanding shares while reducing the stock price proportionately.

Shareholder Rewards and Ownership Structure

HDFC AMC has a history of rewarding its shareholders, primarily through dividends. Since 2019, the company has paid out a total of ₹336.00 per share in dividends, including a recent dividend of ₹90.00 per share in June 2023.

The current ownership structure of HDFC AMC is as follows:

Shareholder Category	Ownership Percentage
Promoters	52.40%
Retail Shareholders (holdings up to ₹2 lakh)	6.51%
Others	41.09%

Stock Performance

The news of the potential bonus share issuance has had a positive impact on HDFC AMC's stock price:

Metric	Value
Current Trading Price	₹5,612.50
Daily Change	1.70%
52-Week High	₹5,927.00
IPO Price (2018)	₹1,100.00
Growth Since IPO	5x

The current stock price of ₹5,612.50 represents a significant 410% increase from its initial public offering (IPO) price of ₹1,100.00 in 2018, showcasing strong investor confidence in the company's performance and potential.

Looking Ahead

Investors and market analysts will be closely watching the outcome of the October 15 board meeting. The potential bonus share issuance, if approved, could further enhance shareholder value and potentially increase stock liquidity. Additionally, the Q2 results will provide insights into the company's financial performance in the current economic environment.

As always, investors are advised to consider their financial goals and risk tolerance when making investment decisions based on corporate actions and financial results.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.25%	-4.64%	-12.14%	-10.31%	-4.98%	+560.20%

Shriram Asset Management Company Limited (SAMCL) has announced the resignation of Reena Yadav from her position as Company Secretary and Compliance Officer. The move comes as Yadav seeks to pursue growth opportunities outside the company.

Key Details of the Resignation

Effective Date: Yadav will be relieved from her duties at the close of business hours on September 24, 2025.
Notice Period: The resignation notice was submitted on June 26, 2025, with Yadav serving the notice period as per her employment terms.
Board Acknowledgment: SAMCL's Board of Directors acknowledged her resignation during a meeting held on July 30, 2025.

Corporate Governance Compliance

In adherence to regulatory requirements, SAMCL has made the following disclosures:

The resignation was intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Additional disclosures were provided as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company's Statement

Kartik Jain, Managing Director & CEO of Shriram Asset Management Company Limited, signed the official communication to the BSE Limited regarding Yadav's departure. The company expressed gratitude for Yadav's contributions during her tenure.

About Shriram Asset Management Company Limited

Shriram Asset Management Company Limited, with SEBI Registration No. MF/017/94/4, is headquartered in Mumbai. The company operates in the financial services sector, focusing on asset management services.

This development marks a significant change in SAMCL's key management personnel. The company has not yet announced a successor for the position of Company Secretary and Compliance Officer.