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Latest news about Shriram Asset Management Company

Shriram Asset Management Reports Loss, Appoints New Director 9 days ago

Shriram Asset Management Company Ltd (SAMCL) reported a net loss for Q2 and H1 ending September 30, 2025. The company appointed Mr. Thian Joost Fick as an Additional Director in the Non-executive Non-Independent category, effective November 10, 2025. Fick, a qualified Actuary with over 19 years of experience, currently serves as Executive for India and Group Initiatives at Sanlam Group. In April 2025, Sanlam Emerging Markets (Mauritius) Limited invested ₹1,050.00 crores in SAMCL by acquiring 38,888,889 equity shares at ₹270.00 per share. SAMCL plans a postal ballot for shareholder approval of Fick's appointment.

Shriram Asset Management Grants 30,000 Stock Options to Employees, Allots 22,620 Shares Nov 06, 2025

UTI AMC Reports 53% Drop in Q2 Profit; Announces VRS and Dividend Payouts Oct 18, 2025

Shriram Asset Management Finalizes ₹49.65 Lakh Investment in MF Utilities India Oct 17, 2025

HDFC AMC Reports Strong Q2 Performance, Announces 1:1 Bonus Share Issue Oct 15, 2025

More news about Shriram Asset Management Company

15Oct 25

HDFC AMC Considers Bonus Share Issue, Set to Review Q2 Results

HDFC Asset Management Company's board is meeting to consider issuing bonus shares, a first since its 2018 listing, alongside reviewing September quarter results. The company has over 4 lakh retail shareholders holding a 6.51% stake, while promoters own 52.40%. HDFC AMC has paid over ₹330 per share in dividends since listing. The stock has grown 5x from its IPO price of ₹1,100 to a current close of ₹5,531, despite a recent 1.3% dip.

13Oct 25

HDFC AMC to Consider Bonus Share Issuance and Q2 Results on October 15

Shriram Asset Management Company will hold a board meeting on October 15, 2023, to consider issuing bonus shares and review Q2 results for July-September. This is the company's first potential bonus share issuance since its 2018 listing. The company has a history of rewarding shareholders through dividends, having paid ₹336.00 per share since 2019. The current ownership structure shows promoters holding 52.40%, retail shareholders 6.51%, and others 41.09%. The stock is trading at ₹5,612.50, up 1.70% daily, and has grown 5x since its IPO price of ₹1,100.00 in 2018.

24Sept 25

Shriram Asset Management's Company Secretary Reena Yadav Steps Down

Reena Yadav has resigned as Company Secretary and Compliance Officer of Shriram Asset Management Company Limited (SAMCL). She will be relieved from her duties on September 24, 2025. The resignation notice was submitted on June 26, 2025, and acknowledged by SAMCL's Board on July 30, 2025. The company has made necessary disclosures as per SEBI regulations.

18Sept 25

Shriram Asset Management Approves Key Corporate Changes and Appointments

Shriram Asset Management Company Limited (SAMC) concluded its postal ballot with shareholders approving seven special business resolutions. Key changes include new board appointments, re-appointment of the CEO, amendments to Articles of Association, and updates to employee compensation plans. Pragadasan Shanmugam, Hakkithimmanahalli Krishna Gayathri, and Roopa Venkatkrishnan join the board, while Kartik Jain is re-appointed as Managing Director and CEO. The resolutions passed with 99.9998% votes in favor, indicating strong shareholder support for the company's strategic direction.

06Sept 25

Shriram Asset Management Reports Q1 Loss, Proposes Capital Restructuring

Shriram Asset Management Company Limited reported a net loss of Rs. 6.74 lakhs for Q1 FY2021, an improvement from the previous quarter's loss of Rs. 74.70 lakhs. The company's board approved plans to increase authorized share capital from Rs. 60 crores to Rs. 70 crores and issue redeemable non-convertible preference shares worth up to Rs. 10 crores through private placement. These proposals require shareholder approval. The company also disclosed holding Rs. 227.85 lakhs in disputed redemption money related to 'Risk Guardian 95' units, with a current value of Rs. 1,433.40 lakhs including accrued interest.

04Sept 25

UTI AMC Names Vetri Subramaniam as New MD and CEO, Effective 2026

Shriram Asset Management Company has announced the appointment of Vetri Subramaniam as its new Managing Director and CEO, effective February 1, 2026. Subramaniam, previously the Chief Investment Officer at UTI AMC, will succeed Imtaiyazur Rahman. Under Rahman's leadership since 2018, UTI AMC saw significant growth, including a successful IPO in 2020, tripled market capitalization, and a sevenfold increase in AUM. The company's stock closed at Rs 1,347.80 on NSE, down 0.12%, with a 13.46% gain over the past year. Analysts have mixed recommendations for the stock, with an average price target of Rs 1,427.06.

18Aug 25

Shriram Asset Management Seeks Shareholder Approval for Board Changes and ESOP Amendments

Shriram Asset Management Company Limited (SAMCL) has initiated a postal ballot for shareholder approval on several key issues. The proposals include changes to board composition, giving Sanlam Emerging Markets and Shriram Credit Company rights to nominate directors. New appointments and reappointments to the board are proposed. The company seeks to reappoint Mr. Kartik Jain as Managing Director and CEO with a specified remuneration package. Amendments to the Employee Stock Option Plan 2022 are proposed, extending the exercise period for vested options. Approval for Ms. Pratima Talwad's remuneration as Head of Institutional Sales is also sought. Despite reporting a loss, SAMCL's Assets Under Management grew by 67% to ₹896.00 crore.

30Jul 25

Shriram Asset Management Undergoes Major Board Restructuring and Inks Shareholders' Agreement with Sanlam

Shriram Asset Management Company Limited (SAMC) has completed a preferential allotment of shares to Sanlam Emerging Markets (Mauritius) Limited (SEMML), making SEMML a 23% stakeholder and co-promoter. A new Shareholders' Agreement was approved, restructuring the board with new appointments and resignations. Mr. Kartik Jain was re-appointed as Managing Director and CEO. The company also reported a loss after tax of ₹275.76 lakhs for the quarter ended June 30, 2025.

24Jul 25

UTI AMC Reports 6.6% Drop in Q1 Profit Despite Revenue Growth

UTI AMC's Q1 results show a 6.6% decrease in profit to ₹237.00 crore, while revenue increased by 2.8% to ₹547.00 crore. Total group AUM reached ₹21.93 lakh crore, with UTI Mutual Funds averaging ₹3.61 lakh crore. CEO Imtaiyazur Rahman noted significant AUM growth and steady SIP inflows. The company's shares closed 3.6% lower at ₹1,417.00 on NSE, but maintain a 3.75% year-to-date gain.

27May 25

Shriram AMC Welcomes Sanlam as Co-Promoter, Shares Surge 11%

Shriram Asset Management Company completed a preferential allotment of 38.89 lakh shares to Sanlam Emerging Markets, raising ₹105.00 crore. Sanlam now holds a 23.00% stake, increasing total promoter shareholding to 71.17%. The board will be reconstituted to include Sanlam representatives. Shriram AMC's shares surged 11.00% in response to the news.

28Apr 25

Shriram Asset Management Reports Widening Q4 Loss Amid Revenue Growth

Shriram Asset Management reported a net loss of ₹52.00 crore for Q4 FY2025, doubling from ₹24.00 crore in the previous year. However, revenue doubled to ₹6.00 crore. Annual results show increased expenditure leading to higher losses. The company's asset management services grew, with segment revenue rising to ₹196.87 lakhs in FY2025. A recent preferential allotment raised ₹105.00 crore, and an employee stock option plan was approved.