Shriram Finance Limited has informed the Exchange regarding Appointment of Mr. Morihiko Fuji and Mr. Shinichi Fujinami as Non- Executive Non Independent Directors of the company w.e.f. April 24, 2026. (Nominees of MUFG Bank, Ltd.)
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Shriram Finance Limited has appointed Mr. Morihiko Fuji and Mr. Shinichi Fujinami as Non-Executive Non-Independent Directors effective April 24, 2026. Both are nominees of MUFG Bank, Ltd., a significant public shareholder that recently invested in the company by subscribing to approximately 47.11 crore equity shares. Mr. Fuji serves as Managing Director and Head of Global Commercial Banking Planning Division at MUFG, while Mr. Fujinami is Head of Japanese Corporate Banking Division for the Americas (U.S. West) and Head of the Los Angeles Branch. Both directors bring over two decades of banking experience. The appointments are subject to shareholder approval in the next general meeting.
The entry of MUFG nominees onto the board reflects a significant equity investment by the Japanese bank and may strengthen oversight of Shriram Finance's growth strategy, particularly in areas like digital lending and retail expansion. Shareholders should monitor how this influences board dynamics.