The Exchange has received the revised Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 ....
SHRIRAMFIN · price
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Shriram Ownership Trust, a promoter entity, has filed a revised encumbrance disclosure under SEBI (SAST) Regulations. The trust holds 47,76,30,880 shares representing 20.30% of Shriram Finance's total share capital. The entire promoter holding is subject to encumbrance, though only 3,10,400 shares (0.01% of total capital) are formally encumbered in favour of MUFG Bank Ltd. The remaining encumbrance is classified as 'Others' — a non-disposal undertaking under a shareholders' agreement (SHA) executed with MUFG Bank, Shriram Capital, Shriwell Trust, Sanlam Life Insurance, and Sanlam Emerging Markets. The SHA imposes a 3-year lock-in from April 8, 2026, followed by transfer restrictions to 'Restricted Persons' and MUFG's right of first offer, all of which lapse if MUFG's stake falls below 10% on a fully diluted basis.
This is a routine compliance revision clarifying existing contractual restrictions on promoter share transfers. The lock-in and right of first offer provide MUFG Bank governance protection. No immediate dilution or sale pressure is indicated by this filing.