Please find attached Monitoring Agency Report of the Company for the quarter ended September 30, 2025
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Awaiting price reaction for this filing.
Shriram Asset Management Company has filed a Monitoring Agency Report prepared by ICRA Limited covering the quarter ended September 30, 2025, on the use of Rs. 105 crore raised via a preferential allotment of 38,88,889 equity shares (at Rs. 270 each) in April 2025. Out of this, Rs. 15.42 crore has been utilised so far — Rs. 10.29 crore for working capital, Rs. 0.08 crore for business expansion and technology upgradation, and Rs. 5.04 crore for general corporate purposes (including Rs. 5 crore deployed towards PMS business net worth and Rs. 0.02 crore towards SBI CDMDF). The remaining Rs. 89.58 crore is parked in liquid and money market funds, a Rs. 20 crore fixed deposit with Shriram Finance, and a small balance in an HDFC current account, earning Rs. 2.63 crore in returns. ICRA has confirmed no deviation from the stated objects, with full deployment expected within 3-4 financial years from FY2024-25.
This is a routine SEBI-mandated compliance filing that confirms the preferential issue money is being used as promised with no misuse — broadly neutral for the stock. The slow drawdown (only ~15% used across two quarters) means growth-related spends on tech and marketing are yet to meaningfully begin, which investors may want to track in upcoming quarters.