Shriram Finance Limited has informed the Exchange regarding Cessation of Mr. R. Chandrasekar as Key Managerial Person of the company w.e.f. April 24, 2026.
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Shriram Finance Limited announced the cessation of Mr. R. Chandrasekar (Joint Managing Director – ESG & Business Responsibility) as a Key Managerial Person effective April 24, 2026. He has been transferred to a new role within the Shriram Group. This is part of a broader board meeting outcome that also included: (1) audited annual financial results for FY2025-26 showing total income of Rs 48,178 crores and profit after tax of Rs 13,292 crores, (2) reappointment of Mr. Parag Sharma as Managing Director & CEO for 5 years from December 2026, (3) appointment of two nominee directors from MUFG Bank (who became a 20% shareholder via preferential issue), and (4) total dividend of Rs 10.80 per share (including Rs 4.80 interim dividend already paid). The company has also appointed Pijush Gupta & Co. as the new Tax Auditor.
The KMP cessation is an internal transfer within the Shriram Group, suggesting no governance concerns. The overall announcement is positive with strong financial results, leadership continuity, and strategic shareholding diversification through MUFG's 20% stake.