Please find attached Monitoring Agency Report of the Company for the quarter ended December 31, 2025
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Awaiting price reaction for this filing.
Shriram Asset Management Company filed its Q3 FY2026 Monitoring Agency Report (prepared by ICRA Limited) regarding the use of Rs 105 crore raised via a preferential allotment in April 2025 (38.88 lakh equity shares at Rs 270 each). The report confirms no deviation from the stated objects and that utilization is in line with the offer document. As of December 31, 2025, only Rs 22.73 crore (about 22%) has been deployed — Rs 17.06 crore for working capital, Rs 0.14 crore for business expansion/technology/marketing, and Rs 5.54 crore for general corporate purposes. The remaining Rs 82.27 crore of unutilized funds is parked in liquid/money market mutual funds, an FD with Shriram Finance (Rs 20 crore, 24-month tenure, 8.16% return), and a small current account balance, earning 5–6.6% returns.
The report is a routine compliance filing with no negative findings, but investors may note the slow pace of deployment — particularly for the Rs 25 crore business expansion/technology allocation, where only Rs 0.14 crore has been used so far. The company is earning reasonable returns on idle funds, which is positive for capital efficiency, though execution on stated growth plans remains to be seen. No material impact on stock price is expected from this disclosure.