Pursuant to Regulation 34(2)(f) of SEBI LODR as amended, please find enclosed herewith Business Responsibility and Sustainability Report of the Company for the financial year 2024-25.
Awaiting price reaction for this filing.
Shriram Finance Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2024-25 to BSE and NSE, as required under SEBI's listing rules. The report, which forms part of the company's 46th Annual Report, was prepared on a standalone basis and received reasonable assurance from Vinay and Keshava LLP on BRSR Core Indicators. Shriram Finance is a non-banking financial company (NBFC) with 93.29% of turnover from financial services, operating 3,220 offices across India and employing 79,872 people (86.71% male, 13.29% female). For FY25, the company reported turnover of about Rs. 4,186 crore and net worth of about Rs. 5,671 crore. The report covers ESG topics including greenhouse gas emissions, climate change, financial inclusion, responsible financing, data security, customer support, and employee well-being. Key initiatives include expanded Scope 3 emissions tracking across all branches, a new Vendor Code of Conduct, and ISO/IEC 27001:2022 certification for data security.
This is a routine annual regulatory disclosure under SEBI rules and does not directly affect stock price. However, it signals the company's commitment to ESG practices, with progress on emissions tracking, digital processes, and financial inclusion. A Rs. 5.80 lakh RBI penalty was paid in February 2025 but was stated to have no material financial impact.