Shriram Finance Limited successfully concluded its Extra-Ordinary General Meeting (EGM) on January 14, 2026, with shareholders approving all three proposed resolutions with requisite majority. The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs guidelines, demonstrating strong shareholder participation and support for the company's strategic initiatives.

Meeting Participation and Voting Framework

The EGM witnessed significant shareholder engagement with 110 shareholders attending through video conferencing/other audio-visual means, representing 46,99,18,538 equity shares. The voting process was structured to include both remote e-voting and e-voting at the meeting, ensuring comprehensive participation from the shareholder base.

Resolution 1: Preferential Equity Issue

The first special resolution regarding issuance of equity shares by way of preferential issue on a private placement basis received overwhelming shareholder support. The resolution achieved strong approval across all shareholder categories, with promoter and promoter group showing unanimous support.

Resolution 2: Special Investor Rights

The second special resolution for approving special rights granted to investors in accordance with SEBI Listing Regulations achieved even higher approval rates. This resolution demonstrated strong confidence in the company's strategic partnerships and governance framework.

Resolution 3: Non-Compete Payment Approval

The third ordinary resolution for approval of one-time, non-recurring payment to Shriram Ownership Trust for non-compete and non-solicit obligations was evaluated based on public shareholding votes, excluding promoter participation due to their interest in the matter.

Scrutinizer Report and Compliance

The voting process was overseen by P. Sriram, Practicing Company Secretary (Membership No. FCS 4862), who served as the appointed scrutinizer. The scrutinizer's report confirmed that all voting procedures were conducted in a fair and transparent manner, with proper reconciliation of votes cast through both remote e-voting and e-voting at the EGM.

The company utilized Central Depository Services (India) Limited (CDSL) as the authorized agency for providing e-voting facilities. The remote e-voting facility remained open for three days from January 11, 2026 (9:00 A.M. IST) to January 13, 2026 (5:00 P.M. IST), ensuring adequate opportunity for shareholder participation.

Meeting Outcome and Next Steps

All three resolutions were declared passed with the requisite majority as required under the Companies Act, 2013 and SEBI Listing Regulations. The successful approval of these resolutions enables the company to proceed with its planned strategic initiatives, including the preferential equity issue and implementation of special investor rights framework.

The EGM's successful conclusion reflects strong shareholder confidence in the company's strategic direction and governance practices. The high approval rates across all resolutions demonstrate alignment between management proposals and shareholder interests, positioning the company for its planned growth initiatives.

Shriram Finance shareholders have overwhelmingly approved a proposal granting special rights to MUFG (Mitsubishi UFJ Financial Group) under SEBI regulations, marking a significant milestone in corporate governance and strategic partnership for the financial services company.

Shareholder Approval Details

The proposal received near-unanimous shareholder approval, demonstrating strong stakeholder confidence in the enhanced partnership with MUFG. The overwhelming support reflects shareholders' endorsement of the strategic direction and governance improvements.

SEBI Regulatory Framework

The special rights granted to MUFG operate under SEBI's regulatory framework, ensuring compliance with Indian capital market regulations. This structured approach provides a robust foundation for the enhanced partnership while maintaining regulatory oversight.

Strategic Partnership Enhancement

The approval of special rights for MUFG represents a significant strengthening of the strategic relationship between Shriram Finance and the Japanese financial giant. This development is expected to bring enhanced expertise, strategic guidance, and operational capabilities to Shriram Finance's business operations.

Corporate Governance Impact

The overwhelming shareholder support for MUFG's special rights underscores the commitment to strengthening corporate governance standards. This decision is anticipated to enhance the company's strategic decision-making processes and bring international best practices to the organization's governance framework.