Shriram Asset Management Company has executed a significant block trade transaction on the National Stock Exchange (NSE), marking a substantial institutional trading activity in the asset management sector. The transaction represents one of the notable block deals in the financial services space.

Transaction Details

The block trade involved key financial parameters that highlight the scale of the transaction:

Market Significance

Block trades typically involve large institutional investors, mutual funds, or significant stakeholders looking to execute substantial transactions without impacting regular market trading. The transaction value of ₹58.84 crores indicates considerable institutional interest in Shriram Asset Management Company's equity.

The execution price of ₹2,670.00 per share for approximately 220,375 shares demonstrates the liquidity available for the company's stock in the institutional trading segment. Such transactions are often pre-negotiated between parties and executed outside the regular order book to minimize market impact.

Asset Management Sector Activity

This block trade activity in Shriram Asset Management Company reflects the ongoing institutional participation in India's asset management industry. The financial services sector continues to attract significant investor attention, with asset management companies being key beneficiaries of India's growing mutual fund and investment management landscape.

The transaction underscores the active trading interest in established asset management companies, particularly those with strong market positions and diversified investment offerings.

Shriram Asset Management Company Limited (SAMCL) has successfully completed its postal ballot proceedings, with shareholders overwhelmingly approving two significant corporate actions through remote e-voting. The company announced the completion of the voting process and passage of resolutions on December 23, 2025, with both resolutions receiving 99.9998% approval from voting shareholders.

Postal Ballot Results and Voting Statistics

The remote e-voting period concluded on December 23, 2025, at 5:00 P.M., with both proposed resolutions being passed by the members with overwhelming support. The voting process was conducted in compliance with Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resolution 1: Director Appointment

The appointment of Mr. Thian Joost Fick (DIN: 10328186) as Non-Executive Non-Independent Director received exceptional shareholder support. Mr. Fick, nominated by Sanlam Emerging Markets (Mauritius) Limited, brings extensive credentials to the board:

• Executive for India and Group Initiatives at Sanlam Group
• Over 19 years of experience in actuarial science, capital management, and risk management
• Bachelor of Commerce in Actuarial Science from University of Stellenbosch, South Africa
• Qualified Actuary and Fellow of the Actuarial Society of South Africa

Resolution 2: Executive Remuneration Revision

Shareholders also approved the revised remuneration package for Mr. Ketankumar Shah, Fund Manager-PMS and Senior Management Personnel, with identical voting support:

Regulatory Compliance and Scrutinizer Report

Suhas S. Ganpule, Practicing Company Secretary and Proprietor of SG Associates, served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirmed the fair and transparent conduct of the voting process, with votes being unlocked at 5:04 P.M. on December 23, 2025, in the presence of two independent witnesses.

The company has informed BSE Limited about the postal ballot proceedings and submitted detailed voting results as required under Regulation 44(3) of the SEBI Listing Regulations. Managing Director & CEO Kartik Jain (DIN: 09800492) signed the regulatory filing confirming the successful completion of the postal ballot process.

These approved corporate actions strengthen SAMCL's leadership structure and align executive compensation with market standards, reflecting the company's commitment to governance and strategic growth in the asset management sector.