Shriram Asset Management Company Limited (SAMC) has successfully concluded its postal ballot process, with e-voting ending on September 18, 2025. The company's shareholders have approved seven special business resolutions, marking significant changes in the organization's structure and leadership.

Board Appointments and Restructuring

The company has made several key appointments to its board of directors:

• Mr. Pragadasan Shanmugam has been appointed as a Non-Executive & Non-Independent Director, nominated by Sanlam Emerging Markets (Mauritius) Limited.
• Ms. Hakkithimmanahalli Krishna Gayathri and Mrs. Roopa Venkatkrishnan have been appointed as Independent Directors.

These appointments align with the Shareholders Agreement, which grants Sanlam Emerging Markets the right to nominate two non-executive directors to SAMC's board.

Leadership Continuity

Shareholders have approved the re-appointment of Mr. Kartik Jain as Managing Director and Chief Executive Officer of SAMC, reflecting the company's confidence in his leadership and vision.

Corporate Governance and Operational Changes

The postal ballot also saw the approval of amendments to the company's Articles of Association. These changes incorporate provisions governing the rights and obligations of joint promoters Shriram Credit Company Limited and Sanlam Emerging Markets (Mauritius) Limited in relation to the management and conduct of SAMC's business.

Employee Benefits and Compensation

Shareholders have approved:

• The payment of remuneration to Ms. Pratima Talwad, Head of Institutional Sales, who has been appointed in the category of Senior Management Personnel.
• Amendments to the "Shriram Asset Management Company Limited - Employees Stock Option Plan 2022".

These approvals underscore the company's commitment to recognizing and retaining top talent.

Voting Results

All seven resolutions passed with an overwhelming majority, each receiving 99.9998% votes in favor. This strong shareholder support indicates confidence in the company's strategic direction and governance practices.

Reena Yadav, Company Secretary of Shriram Asset Management Company Limited, confirmed the completion of the postal ballot process and the passage of all resolutions in compliance with regulatory requirements.

These corporate actions signal a period of strategic realignment and governance enhancement for Shriram Asset Management Company Limited, as it positions itself for future growth and operational excellence in the competitive asset management industry.

Shriram Asset Management Company Limited has announced its unaudited financial results for the quarter ended June 30, 2020, along with proposals for capital restructuring. The company's board has approved these financial results and capital structure changes, subject to shareholder approval.

Financial Performance

Shriram Asset Management reported a net loss of Rs. 6.74 lakhs for the quarter ended June 30, 2020. This marks a significant improvement compared to the previous quarter's loss of Rs. 74.70 lakhs. The company's financial highlights for the quarter include:

Proposed Capital Restructuring

The board has approved two key proposals for capital restructuring:

1. Increase in Authorized Share Capital: The company plans to increase its authorized share capital from Rs. 60 crores to Rs. 70 crores. This will be achieved by creating an additional 10 lakh preference shares of Rs. 100 each.

2. Issuance of Preference Shares: Shriram Asset Management proposes to issue redeemable non-convertible preference shares worth up to Rs. 10 crores through private placement.

Both these proposals require shareholder approval before implementation.

Disputed Redemption Money

The company disclosed that it holds Rs. 227.85 lakhs in disputed redemption money related to 'Risk Guardian 95' units. The current value of this disputed amount, including accrued interest, stands at Rs. 1,433.40 lakhs.

These financial results and capital restructuring proposals indicate Shriram Asset Management's efforts to strengthen its financial position and capital structure. Shareholders will be watching closely as these proposals move forward for their approval.