Shriram Finance Limited has informed the Exchange regarding Proceedings of 46th Annual General Meeting held on July 18, 2025 through VC/OAVM at Registered office of the Company (Deemed venue) - Sri Towers, Plot No. 14A, South Phase, Industrial Estate, Guindy, Chennai 600 032, Tamil Nadu, India
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Shriram Finance Limited held its 46th AGM on July 18, 2025 via video conferencing, chaired by Mr. Jugal Kishore Mohapatra with all directors present. Out of 2,72,755 total members, 135 attended the meeting. Key resolutions included adoption of audited financial statements for FY25, declaration of a final dividend of Rs.3 per equity share (face value Rs.2 post-split), and confirmation of two interim dividends of Rs.22 per share (pre-split) and Rs.2.50 per share (post-split). The company also obtained shareholder approval to raise its borrowing limit from Rs.2,35,000 crore to Rs.2,95,000 crore, increase security creation limits from Rs.2,93,750 crore to Rs.3,54,000 crore, and raise the cap on selling/securitizing receivables from Rs.50,000 crore to Rs.75,000 crore. No qualifications were noted in the auditors' or secretarial audit reports.
The significant increase in borrowing and securitization limits (roughly 25-50% higher) signals aggressive growth plans ahead, while the combined dividend (interim plus final) rewards shareholders. These are positive indicators of business expansion confidence, though higher leverage may warrant monitoring.