Please find attached intimation with respect to Resignation of Directors of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.7 pts more than Nifty Microcap 250 and 6.8 pts more than its Asset Management Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shriram AMC's board on July 30, 2025 approved Q1 FY26 results showing a net loss of ₹275.76 lakhs on total income of ₹361.97 lakhs, a slight improvement over Q1 FY25's loss of ₹252.01 lakhs. Sanlam Emerging Markets (Mauritius) Limited (SEMML) has formally become a co-promoter after acquiring a 23% stake via preferential allotment of 38,88,889 shares at ₹270 each for ₹105 crores, alongside existing promoter Shriram Credit Company Limited (48.17%). A Shareholders' Agreement was executed and Articles of Association amended to give SEMML nomination rights and veto powers on key matters. Three directors resigned on the same day — two independent directors (Marc Scott Irizarry and Prem Haroomal Samtani) and one director (Dhruv Lalit Mehta) — citing pre-occupation. New appointments include SEMML nominee Pragadasan Shanmugam, two new independent directors (Hakkithimmanahalli Krishna Gayathri and Roopa Venkatkrishnan), and MD & CEO Kartik Jain was re-appointed for three years from January 2026.
For shareholders, this marks a major ownership shift as Sanlam gains joint control and meaningful governance rights including veto on budget, key hires, and board changes. The company remains loss-making though losses are narrowing. The simultaneous exit of three directors is a governance event but appears linked to the ownership transition rather than any internal dispute.