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 initiated a postal ballot seeking shareholder approval for two significant corporate actions. The company aims to appoint a new director and revise the remuneration of a senior executive.

Director Appointment

SAMCL is seeking approval to appoint Mr. Thian Joost Fick as a Non-Executive Non-Independent Director. Mr. Fick, nominated by Sanlam Emerging Markets (Mauritius) Limited, brings extensive experience to the board:

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

Mr. Fick's appointment aligns with the terms of the Shareholders' Agreement dated August 20, 2025, between SAMCL, Sanlam Emerging Markets (Mauritius) Limited, and Shriram Credit Company Limited.

Executive Remuneration Revision

The company is also seeking approval for a revised remuneration package for Mr. Ketankumar Shah, Fund Manager-PMS and a Senior Management Personnel. The proposed changes include:

• Increase in annual remuneration to Rs. 40,00,000.00
• Effective date of October 01, 2025
• Provision for subsequent annual increments based on performance and company policy

Voting Process

Shareholders can cast their votes through remote e-voting:

These corporate actions reflect SAMCL's efforts to strengthen its leadership team and align executive compensation with market standards. Shareholders' approval will be crucial in implementing these changes and potentially influencing the company's future direction in the asset management sector.