Please find attached herewith Outcome of Board Meeting Held On May 15, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shriram Asset Management Company Ltd reported audited financial results for FY2026 ending March 31. Total income rose 81% to Rs 1,220.29 lakhs from Rs 675.46 lakhs, driven by higher revenue from asset management services (Rs 295.17L vs Rs 196.87L) and significant gains on fair value changes (Rs 684.59L vs Rs 175.94L). However, the company posted a loss after tax of Rs 2,030.99 lakhs, widened from Rs 1,651.22 lakhs, due to a near 45% spike in employee costs to Rs 2,092.12 lakhs and higher other expenses at Rs 1,103.60 lakhs. The company raised Rs 105 crore by issuing 38.89 lakh equity shares at Rs 270 per share to Sanlam Emerging Markets (Mauritius) Limited, part of a strategic partnership. No dividend was recommended for FY2026. The 32nd AGM is scheduled for July 28, 2026. Statutory auditors G.D. Apte & Co. issued an unmodified opinion on the financials.
The stock may see neutral reaction as revenue growth and Sanlam partnership are positives, but widening losses and no dividend could concern income-focused investors. The capital raise strengthens the balance sheet with equity tripling to Rs 15,239.76 lakhs.