Shriram Asset Management Company Ltd — Updates, 30-07-2025: Company Update
30-07-2025 | 07:31 pm
30-07-2025 | 07:31 pm
Shriram Asset Management Company's board has approved its Q1 financial results, showing a loss after tax of ₹ 2.76 Cr on ₹ 3.62 Cr total income. Key strategic moves include a Shareholders' Agreement formalizing Sanlam Emerging Markets (SEMML) as a co-promoter, gaining joint control with Shriram Credit Company (SCCL). This follows SEMML's ₹ 105 Cr preferential share allotment, securing a 23% stake. The board also approved amendments to company articles, several new director appointments, the MD & CEO's re-appointment, and noted three director resignations.
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