Shriram Properties Limited has informed the Exchange regarding Appointment of Mr. Akshay Murali as Vice President - Business Development of the company w.e.f. August 12, 2025.
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Shriram Properties announced Q1 FY26 results (quarter ended June 30, 2025). On a standalone basis, the company posted a net loss of ₹895 lakhs on total income of ₹4,151 lakhs, while consolidated results showed a net profit of ₹2,059 lakhs on total income of ₹26,154 lakhs (EPS ₹1.21 consolidated vs. ₹(0.53) standalone). The board appointed Mr. Akshay Murali as Vice President – Business Development (Senior Management Personnel) effective August 12, 2025. He is an MBA from Columbia Business School and previously worked at the company from 2019 to 2023, notably contributing to the IPO. The board also approved a new ESOP 2025 scheme covering up to 5% of diluted paid-up capital, subject to shareholder approval. Auditors flagged the ongoing Enforcement Directorate search from October 2024 as an Emphasis of Matter, with no findings communicated yet.
The consolidated profit growth is a positive signal for shareholders, but the standalone loss and lingering ED investigation remain overhangs. The appointment of a likely promoter-family member (surname matches CMD Murali Malayappan) to a senior leadership role and a fresh ESOP plan of up to 5% of capital may dilute existing shareholders in the future and will be watched for governance implications.