Pursuant to Regulation 44 kindly find attached herewith proceedings of the Postal Ballot.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shriram Asset Management Company Limited conducted a postal ballot for its members to approve a material related party transaction with Shriram Finance Limited. The resolution involved the purchase of office furniture and fixtures (both movable and immovable), including costs for interior works and electrical fittings. The remote e-voting period ran from March 27, 2026 to April 25, 2026, with the resolution being passed on the last day of voting. The company has stated that detailed voting results under Regulation 44(3) will be submitted separately. This transaction requires approval as it involves a related party.
Shareholders approved acquiring office assets from Shriram Finance Limited, a related party. While this indicates proper governance through shareholder approval, related party transactions warrant scrutiny as they may involve terms that differ from arm's length transactions.