Please find attached intimation for appointment of Secretarial Auditor of the Company
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Shriram Asset Management Company (which runs Shriram Mutual Fund) announced audited results for Q4 and FY25 ending March 31, 2025. Total income for FY25 stood at Rs 675.46 lakhs, down from Rs 820.76 lakhs a year ago, while net loss widened sharply to Rs 1,651.22 lakhs versus Rs 685.92 lakhs in FY24, pushing basic loss per share to Rs 12.69 (from Rs 7.35). The Board did not recommend any dividend for FY25 and granted 61,318 stock options under the ESOP 2022 scheme at an exercise price of Rs 435 per share, vesting over three years. Statutory auditors G.D. Apte & Co. gave an unmodified opinion and their continuance was noted. The Board also appointed Mr. Suhas S. Ganpule (M/s SG and Associates) as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. Separately, the company recently completed a Rs 105 crore equity allotment to Sanlam Emerging Markets (Mauritius) at Rs 270 per share, receiving all regulatory approvals including from SEBI and BSE.
Widening losses and absence of dividend are negatives for near-term shareholder returns, but the Rs 105 crore capital infusion from Sanlam strengthens the balance sheet and signals long-term strategic backing. ESOP grants at a significant exercise price aim to retain talent, and routine auditor appointments reflect standard governance with no red flags.