Shriram Asset Management Company Ltd — Others, 18-08-2025: AGM/EGM

Shriram Asset Management is holding a postal ballot for key strategic changes. Shareholders will vote on amending Articles of Association to align with a new agreement involving Sanlam and Shriram Credit, impacting board composition and major decisions. The company proposes appointing two independent directors and a non-executive director nominated by Sanlam. MD & CEO Kartik Jain's re-appointment for three years, until January 2029, and his revised remuneration are also on the agenda. While the company reported a net loss of 16.51 Cr in FY24-25, its Assets Under Management (AUM) grew significantly to 895.72 Cr. Additionally, shareholders will vote on senior management compensation and amendments to the employee stock option plan, extending the exercise period to 10 years, benefiting employees.