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Shriram Asset Management Company LtdImportant, 15-05-2026: Company Update

15-05-2026 · 08:40 pm

Shriram Asset Management Company submitted a Monitoring Agency Report on its Preferential Issue. The report confirms no deviation in the utilization of the INR 105.00 Crore raised, assuring shareholders funds are aligned with stated objectives. These objectives include working capital, business expansion for technology and marketing, and general corporate purposes. Unutilized proceeds, totaling 75.78 Cr as of March 31, 2026, are prudently invested in liquid funds, money market funds, and fixed deposits. This update signals strong governance and transparent fund management.

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