Please find attached the Scrutinizer''s Report with respect to e-voting result of the Annual General Meeting of the Company held today i.e. July 29, 2025.
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Shriram Asset Management Company held its 31st AGM on July 29, 2025 via video conferencing, where all 5 resolutions were passed with the required majority. The resolutions included adopting the audited financial statements for FY25, re-appointing Mrs. Subhasri Sriram as a director (retiring by rotation), appointing the secretarial auditor, approving a related party transaction, and revising the remuneration of MD & CEO Mr. Kartik Jain (passed as a special resolution). Voting was strong on most items, with about 71.17% of total shares (12,032,489 out of 16,905,764) participating in the e-voting process. The related party transaction resolution saw promoters abstain from voting as per SEBI rules, with the resolution passing on public shareholder support of 99.90% in favour. The scrutinizer was Mr. Suhas S. Ganpule of S G & Associates, who confirmed that all resolutions carried with requisite majority.
This is a routine AGM outcome with all resolutions passing comfortably, so no material impact on the stock is expected. Shareholders should note the approval of revised pay for the MD & CEO and clearance of a related party transaction, both of which are governance items already flagged in the AGM notice.