Please find attached intimation with respect to appointment of Ms. Pratima Talwad in the category of Senior Management Personnel of the Company.
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Shriram Asset Management's board met on July 30, 2025 and approved multiple key items. Sanlam Emerging Markets (Mauritius) Ltd (SEMML) has become co-promoter after acquiring a 23% stake (38,88,889 shares at ₹270 each, totalling ~₹105 crore) via preferential allotment, taking joint control with existing promoter Shriram Credit Company (48.17%). A Shareholders' Agreement was executed and Articles of Association amended accordingly. Q1 FY26 results show total income rose to ₹361.97 lakhs (vs ₹225.74 lakhs in Q1 FY25), but the company reported a loss after tax of ₹275.76 lakhs (vs ₹252.01 lakhs). The board appointed 3 new directors (one Sanlam nominee, two independent), noted resignations of 3 directors (including 2 independent directors), re-appointed Mr. Kartik Jain as MD & CEO for 3 more years (till Jan 2029), appointed a new Chairman (Mr. K.V. Eapen), and named Ms. Pratima Talwad as Head – Institutional Sales in Senior Management.
This is a structural milestone — Sanlam's entry as co-promoter brings international strategic capital and governance influence (reserved matters, board nomination rights). Short-term profitability remains weak with widening losses, but the strengthened promoter backing and management continuity (CEO re-appointed) signal long-term stability. Shareholders will vote via postal ballot on key items including the AOA amendment and director appointments.