Please find attached outcome of Board Meeting held on February 06, 2026
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Shriram Asset Management Company (the asset manager of Shriram Mutual Fund) reported Q3 FY26 unaudited standalone results showing total income of ₹350.83 lakhs, nearly 2.5x the ₹140.86 lakhs earned in Q3 FY25. However, the company continued to post a loss after tax of ₹518.51 lakhs for the quarter (vs. ₹517.91 lakhs loss in Q3 FY25) as employee costs surged to ₹578.54 lakhs from ₹396.15 lakhs. For the nine months ended December 31, 2025, total income rose to ₹1,010.08 lakhs (₹560.34 lakhs in 9M FY25) while loss after tax widened to ₹1,237.23 lakhs (₹1,133.40 lakhs). The Board also appointed Ms. Vinita Kapoor as Company Secretary and Key Managerial Personnel effective Feb 6, 2026, and approved a Postal Ballot to seek shareholder approval for her remuneration.
Losses are widening despite strong revenue growth as the AMC scales up headcount and spends aggressively, typical for a fund house in growth mode — investors should track AUM growth and operating leverage rather than near-term profits. The new Company Secretary is a routine governance change with no material impact, and the Postal Ballot is procedural.