Shriram Properties Limited — Others, 03-06-2025: Shareholders meeting

Shriram Properties Limited has announced a postal ballot to seek shareholder approval for significant related party transactions with its subsidiaries and joint ventures in FY 2025-26. These involve loans, borrowings at 14% interest, guarantees, purchases and sales of raw materials like Mivan, revenue sharing, and cost reimbursements, mainly to support project development and operations across SPVs. The unsecured, demand-payable transactions are set at arm’s length and designed to optimize capital use for project execution. Approvals will allow exposures exceeding Rs. 82.34 Cr (10% of consolidated turnover) with each related entity.