Shriram Asset Management Company Ltd — Updates, 30-07-2025: Company Update
30-07-2025 | 07:35 pm
30-07-2025 | 07:35 pm
Shriram Asset Management Company's board approved its financial results for the quarter, reporting a total income of ₹3.62 Cr and a net loss of ₹2.76 Cr. A major development is the executed Shareholders' Agreement, formalizing Sanlam Emerging Markets (Mauritius) Limited (SEMML) as a co-promoter with a 23% stake, following their ₹105.00 Cr preferential share investment. The board also appointed three new directors, re-appointed the Managing Director & CEO, and named a new Chairman. Three directors have resigned. Amendments to company's Articles of Association and certain appointments require shareholder approval through a postal ballot.
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