Shriram Asset Management Completes Postal Ballot with 99.9998% Approval

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.

Voting Timeline:	Details
Voting Start:	November 24, 2025 (9:00 A.M.)
Voting End:	December 23, 2025 (5:00 P.M.)
Cut-off Date:	November 14, 2025
Total Shareholders:	2,993
Results Announced:	December 23, 2025

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

Voting Results - Resolution 1:	Details
Votes in Favour:	1,20,32,912 shares (99.9998%)
Votes Against:	25 shares (0.0002%)
Total Valid Votes:	1,20,32,937 shares
Resolution Status:	Passed

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:

Remuneration Details:	Specifications
Annual Remuneration:	₹40,00,000.00
Effective Date:	October 01, 2025
Future Increments:	Based on performance and company policy

Voting Results - Resolution 2:	Details
Votes in Favour:	1,20,32,912 shares (99.9998%)
Votes Against:	25 shares (0.0002%)
Total Valid Votes:	1,20,32,937 shares
Resolution Status:	Passed

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.55%	-3.24%	-0.29%	-28.88%	-19.53%	+387.26%

Shriram Asset Management Company Ltd (SAMCL) has reported a net loss for the quarter and half year ended September 30, 2025, according to the unaudited financial results approved by the company's Board. Despite the financial challenges, the company has made significant strategic moves, including the appointment of a new director.

Financial Performance

SAMCL reported a net loss for the quarter and half year ended September 30, 2025. While specific figures were not provided, the company's financial results indicate ongoing challenges in achieving profitability.

Strategic Developments

New Director Appointment

The company has appointed Mr. Thian Joost Fick as an Additional Director in the Non-executive Non-Independent category, effective November 10, 2025. Fick brings valuable experience to the board:

Holds a Bachelor of Commerce in Actuarial Science
Qualified Actuary with over 19 years of experience
Currently serves as Executive for India and Group Initiatives at Sanlam Group

Capital Infusion

In April 2025, Sanlam Emerging Markets (Mauritius) Limited acquired 38,888,889 equity shares of SAMCL at ₹270.00 per share, investing a total of ₹1,050.00 crores.

Shareholder Approval

SAMCL plans to conduct a postal ballot to obtain shareholder approval for the appointment of Mr. Fick as a director.

Outlook

The appointment of Mr. Fick, with his extensive experience in actuarial science and his connection to the Sanlam Group, suggests that SAMCL is focusing on strengthening its leadership and potentially leveraging international expertise. The significant investment from Sanlam Emerging Markets earlier in the year also indicates a strong commitment to the company's growth and development.

While the company continues to face financial challenges, as evidenced by the reported net loss, these strategic moves may position SAMCL for potential growth and improved performance in the future.