Shriram Asset Management Company Ltd — Important, 18-09-2025: Company Update

Shriram Asset Management Company's shareholders have approved significant amendments to the company's Articles of Association. These changes redefine board composition, allowing Shriram Credit Company and Sanlam Emerging Markets (Mauritius) Limited to nominate two non-executive directors each, with Mission 1 nominating one, and up to ten independent directors proposed by the nomination committee. Critical decisions, termed 'Reserved Matters', now require the explicit approval of a Sanlam Director. Furthermore, the amendments introduce pre-emptive and tag-along rights for shareholders on share sales and stipulate a Directors' and Officers' liability insurance cover of up to INR 10 Crore. Special shareholder rights will cease if a party's shareholding falls below 10%.