Shriram Asset Management Company Ltd — Important, 10-11-2025: Company Update
10-11-2025 | 06:34 pm
10-11-2025 | 06:34 pm
Shriram Asset Management Company's monitoring agency, ICRA Limited, has confirmed that the proceeds from its Preferential Issue are being utilized as per the stated objects for the quarter ended September 30. Out of the total INR 105 Crore raised, INR 15.42 Crore has been utilized for working capital, business expansion, and general corporate purposes. The remaining INR 89.58 Crore is currently deployed in various money market instruments and a fixed deposit, ensuring its productive management. This report assures shareholders that the company is adhering to its funding plan.
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