Shriram Finance Limited has informed the Exchange regarding Notice of Postal Ballot
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Shriram Finance Limited has issued a Postal Ballot Notice to shareholders seeking approval through remote e-voting (from November 3, 2025 to December 2, 2025) on five resolutions. These include the re-appointment of Mr. Jugal Kishore Mohapatra as an Independent Director for a second 3-year term ending December 3, 2028, and the re-designation of Mr. Parag Sharma as Managing Director & CEO effective December 5, 2025. Mr. Sunder Subramanian is being appointed as Director and as Joint Managing Director & CFO with a fixed pay of Rs. 1.21 crore per annum, plus variable pay and stock-linked benefits. Additionally, shareholders are being asked to approve the renewal of the Board's limit to issue non-convertible debentures on a private placement basis up to Rs. 35,000 crore within one year. Results will be declared on or before December 3, 2025.
Routine governance items: the director changes signal leadership continuity with Parag Sharma elevated to MD & CEO, while the Rs. 35,000 crore debenture limit renewal gives the NBFC flexibility to raise debt capital for ongoing lending operations. No material adverse signal for shareholders, though the large debt-raising capacity is consistent with Shriram Finance's growth-oriented NBFC business model.