SHRIRAMFINNSEShriram Finance LimitedMediumNeutral
Announced Fri, 24 Apr · 16:12 IST

Shriram Finance Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

SHRIRAMFIN · price

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Price reaction · full curve 14 horizons · vs prior close
-6.3%1-day move
₹1016.00
prior close
₹1011.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.7-3.4-3.3-3.3-6.3-5.8-7.6-5.4-5.0-0.3-8.8-5.1+1.8+2.2
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AI summary

Shriram Finance Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Total income stood at Rs. 48,177.98 crore with profit after tax of Rs. 13,292.26 crore. The Board recommended a final dividend of Rs. 6 per share (300%), adding to the interim dividend of Rs. 4.80 already paid, bringing total FY 2025-26 dividend to Rs. 10.80 per share (540%). Mr. Parag Sharma was re-appointed as Managing Director & CEO for 5 years from December 13, 2026, subject to shareholder approval. Two nominee directors from MUFG Bank (which holds a 20% stake following a ~Rs. 39,618 crore preferential equity infusion in April 2026) — Mr. Morihiko Fuji and Mr. Shinichi Fujinami — were appointed as Additional Non-Executive Non-Independent Directors. Mr. R. Chandrasekar, Joint Managing Director – ESG & Business Responsibility, ceased as a KMP effective April 24, 2026, upon transfer to a new role within the Shriram Group. M/s Pijush Gupta & Co. was appointed as the new Tax Auditor for FY 2026-27. The company's loan book grew to Rs. 2,82,452 crore from Rs. 2,45,393 crore year-on-year.

Likely market impact

The large MUFG equity investment and dividend continuity signal financial stability and strong institutional backing. The re-appointment of the CEO provides leadership continuity. The KMP transfer and new board nominees from MUFG reflect evolving governance dynamics. The growth in the loan book and robust PAT indicate healthy operational performance.