Please find attached intimation with respect to appointment of Director
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Awaiting price reaction for this filing.
Shriram AMC's board met on November 10, 2025 and approved three items. First, unaudited results for Q2 FY26 showed total income of Rs 297.28 lakhs (up from Rs 193.74 lakhs in Q2 FY25), but the company reported a loss after tax of Rs 440.37 lakhs versus Rs 363.49 lakhs a year ago. For H1 FY26, total income rose to Rs 659.26 lakhs with a loss of Rs 718.71 lakhs. Second, Mr. Thian Joost Fick, a Sanlam Group executive, was appointed as an Additional Non-Executive Non-Independent Director. Third, a postal ballot will seek shareholder approval for his appointment. Mr. Thian is the Sanlam nominee, following the company's earlier Rs 105 crore equity issuance to Sanlam Emerging Markets (Mauritius) Limited at Rs 270 per share in April 2025.
The new director represents Sanlam, which recently became a significant shareholder, meaning the investor is now exercising board representation. The widening losses despite higher income may concern shareholders, though the Sanlam capital infusion strengthens the balance sheet (investments jumped to Rs 16,001.87 lakhs from Rs 5,785.68 lakhs).