Shriram Finance Limited has received penalty orders from tax authorities totaling ₹8.34 crores for alleged GST violations across three financial years. The company disclosed this development to stock exchanges on February 27, 2026, pursuant to regulatory requirements.

Penalty Details and Financial Impact

The Additional Commissioner of Central Tax, Secunderabad GST Commissionerate, issued the order dated February 26, 2026, under Section 74 of the Central Goods and Service Tax Act, 2017. The penalties span three consecutive financial years with varying amounts for each period.

Nature of Violations

The GST demand has arisen due to two primary violations identified by the tax authorities:

• Non-payment of GST due to adjustments in turnover shown in Form GSTR-9C
• Non-reversal of ineligible input tax credit availed on goods or services not used in relation to the furtherance of business

The penalties were levied under the Central Goods and Service Tax Act, 2017, read with the Telangana Goods and Service Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017.

Company's Response and Assessment

Shriram Finance has stated that there is no material impact on the financial, operational, or other activities of the company from these penalty orders. However, considering the quantum of the amount involved and out of commercial prudence, the company is awaiting opinion from its tax consultant.

The company is specifically seeking consultation against the Telangana state demand orders with reference numbers ZD360226057423H, ZD3602260574378, and ZD3602260574469, all dated February 26, 2026.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company received the order on February 26, 2026, and forwarded it to the concerned officer on February 27, 2026, making the intimation immediately after receipt as required by listing regulations.

The penalty orders represent a significant regulatory development for the non-banking financial company, though the company maintains that operations remain unaffected while it evaluates its legal options through tax consultants.

Shriram Finance Limited has announced its participation in IIFL's 17th Enterprising India Global Investors' Conference, scheduled for February 26, 2026. The company disclosed this information to stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Conference Details and Schedule

The investor meetings will take place in Mumbai on February 26, 2026, with senior management and management personnel representing the company. All discussions will be based on investor presentations and public domain disclosures.

Meeting Schedule and Participants

The company has organized three separate meeting sessions throughout the day:

Session 1: One-on-One Meeting

Session 2: Group Meeting

Notable participants in the second session include:

• Aditya Birla Sun Life AMC – PMS
• Geas Federal Life Insurance Company Limited
• Alquity Investment Management Ltd
• Baroda Asset Management Company
• Birla Sun Life Insurance Co Ltd
• Edelweiss AMC
• HDFC Ergo General Insurance
• LIC Mutual Fund Asset Management Co. Ltd.
• Nippon India Mutual Fund
• UTI Mutual Fund

Session 3: Extended Group Meeting

The third session will include participants such as:

• Ambit Capital Pvt Ltd
• Axis Pension Fund Management Limited
• JM Financial MF
• Monarch Networth Capital Limited
• Union Mutual Fund
• UTI Mutual Fund

Regulatory Compliance

The disclosure was made in accordance with Schedule III of the SEBI Listing Regulations, 2015. The company secretary and chief compliance officer U Balasundararao signed the regulatory filing on February 23, 2026. The information has also been hosted on the company's official website for public access.

Company Information

Shriram Finance Limited operates from its corporate office at Wockhardt Towers in Mumbai's Bandra-Kurla Complex, with its registered office located in Chennai. The company maintains transparency in its investor relations through regular disclosures and participation in industry conferences.