Shriram Asset Management Company Ltd — Important, 06-02-2026: Company Update
06-02-2026 | 09:50 pm
06-02-2026 | 09:50 pm
Shriram Asset Management Company Limited has released its Monitoring Agency Report on the utilization of proceeds from its Preferential Issue. The report confirms that the total INR 105.00 Cr raised is being utilized as per the stated objectives, with no deviation observed. Funds are allocated for working capital, business expansion, and general corporate purposes. As of the end of the quarter, INR 22.73 Cr has been utilized, with the remaining INR 82.27 Cr strategically deployed in various money market instruments and fixed deposits, ensuring these unutilized funds are earning returns. This provides transparency in fund management for investors.
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