This is in furtherance to our intimation dated July 30, 2025 about the decision of the Board of Directors to conduct the Postal Ballot of the Company, please find attached Postal Ballot ....
Price
▲ 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 has issued a Postal Ballot notice for seven resolutions, with remote e-voting open from August 20, 2025 to September 18, 2025 (cut-off date August 14, 2025). The biggest item is amending the Articles of Association to reflect a new Shareholders' Agreement between Sanlam Emerging Markets (Mauritius) Limited, Shriram Credit Company Limited, and the company, including reserving certain matters for Sanlam's approval. Three director appointments are proposed: Mr. Pragadasan Shanmugam (Sanlam nominee, non-executive) and two independent directors — Ms. Hakkithimmanahalli Krishna Gayathri and Mrs. Roopa Venkatkrishnan, each for a 5-year term. Mr. Kartik Jain is being re-appointed as MD & CEO for three years from January 9, 2026 to January 8, 2029, with fixed annual pay of about ₹1.17 crore (basic ₹51.84 lakh + HRA ₹25.92 lakh + allowances ₹39.53 lakh) plus variable pay and ESOPs. Shareholders will also vote on ₹40 lakh annual remuneration for a senior management employee effective October 1, 2025, and amendments to the ESOP 2022 scheme.
This signals a strategic equity partnership with South African financial group Sanlam that will reshape the company's ownership and governance structure. Shareholders should watch the board reconstitution, AOA changes giving Sanlam reserved-matter rights, and the ESOP expansion, as these will dilute equity and influence future decision-making and earnings.