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.

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.