Please find attached outcome of Board Meeting held on July 30, 2025
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Shriram AMC held its Board meeting on July 30, 2025, approving Q1 FY26 (June 30, 2025) unaudited results showing a loss after tax of ₹275.76 lakhs on total income of ₹361.97 lakhs (up from ₹225.74 lakhs in Q1 FY25), with continued operational losses. The Board formalized the Shareholders' Agreement between promoters Shriram Credit Company (SCCL, holding 48.17%) and Sanlam Emerging Markets Mauritius (SEMML, holding 23%), making SEMML a co-promoter with joint control after its ₹105 crore preferential allotment. Major Board restructuring took place: three directors (Marc Irizarry, Prem Samtani, Dhruv Mehta) resigned, while two new Independent Directors (Gayathri, Roopa Venkatkrishnan) and one Non-Independent Director (Pragadasan Shanmugam) were appointed; MD & CEO Kartik Jain was re-appointed for three years (Jan 2026 – Jan 2029), and K.V. Eapen replaced Ramamurthy Vaidyanathan as Chairman effective August 1, 2025. Amendments to the Articles of Association and a Postal Ballot for shareholder approvals were also cleared.
Sanlam's entry as co-promoter brings a global asset management partner on board, strengthening Shriram AMC's strategic position, but the company remains loss-making at the operational level. The substantial Board reshuffle aligns the leadership with the new joint-promoter structure and may signal a more aggressive growth push, though shareholder dilution and reserved-matter rights for Sanlam could limit management flexibility going forward.