Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached proceedings of Postal Ballot.
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Shriram Asset Management Company has concluded a Postal Ballot via remote e-voting that ran from August 20, 2025 to September 18, 2025. All 7 special business resolutions were passed by members on September 18, 2025. Key resolutions include amendment of the Articles of Association, appointment of two new Independent Directors (Ms. Gayathri and Mrs. Roopa Venkatkrishnan), appointment of Mr. Pragadasan Shanmugam as Non-Executive & Non-Independent Director nominated by Sanlam Emerging Markets (Mauritius) Limited, and re-appointment of Mr. Kartik Jain as Managing Director & CEO with fixed remuneration. The company also approved remuneration for Ms. Pratima Talwad (Head Institutional Sales) as Senior Management Personnel, and amendments to the Employees Stock Option Plan 2022. Detailed voting results under Regulation 44(3) will be submitted separately.
The appointments strengthen the board with new independent directors and reaffirm continuity at the MD & CEO level, which is generally positive for governance. The ESOP amendment could have a mild dilution impact for existing shareholders, while the Sanlam nominee appointment reflects the foreign promoter's continued strategic involvement.