This is in furtherance to our intimation dated February 06, 2026 about the decision of the Board of Directors to conduct the Postal Ballot of the Company, please find attached Postal Ballot ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shriram Asset Management Company Limited has issued a Postal Ballot notice to its shareholders seeking approval for two ordinary resolutions related to material related party transactions involving remuneration to senior management personnel. The first resolution seeks approval for payment of remuneration of Rs. 47,00,000 per annum to Ms. Vinita Kapoor, Company Secretary & Compliance Officer, effective March 1, 2026, who has also been granted 7,500 stock options under the ESOP 2022. The second resolution seeks approval for remuneration of Rs. 64,22,892 per annum to Mr. Hitesh Savanth, Principal Officer - PMS, effective February 1, 2026. Remote e-voting will commence on February 16, 2026 (9:00 AM) and conclude on March 17, 2026 (5:00 PM), with the cut-off date set as February 6, 2026. Both transactions are at arm's length and approved by the Audit Committee, but require member approval under SEBI Listing Regulation 23 as they exceed the materiality threshold.
This is a procedural compliance filing seeking shareholder approval for executive remuneration classified as material related party transactions. The resolutions are administrative in nature and unlikely to materially impact stock price, though shareholders should note that related parties are prohibited from voting on these resolutions, which may affect the outcome.