Shriram Properties Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 26, 2025
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Shriram Properties held its 4th AGM post-IPO on September 26, 2025 via video conference, from 10:00 AM to 10:56 AM, with 77 members attending. Chairman & MD Mr. M. Murali chaired the meeting; all directors except Mr. Ashish Pradeep Deora were present. Ten resolutions were transacted, including ordinary items like adoption of FY25 audited financial statements and re-appointment of Mr. Deora (who retires by rotation), along with several special business items. Notably, shareholders considered four special resolutions related to the new 'Shriram Properties Employee Stock Option Scheme 2025' (ESOS 2025), covering the scheme itself, grants to subsidiary employees, funding for share buyback by a trust, and secondary acquisition through the trust route. Other approvals included ratification of cost auditor remuneration, commission for non-executive directors, appointment of SPNP & Associates as secretarial auditors, and appointment of Mr. Akshay Murali to an office of profit. Remote e-voting ran from September 23-25, 2025, and the final voting results with the scrutinizer's report are awaited within two working days.
The AGM proceedings signal shareholder consideration of a new ESOP scheme (ESOS 2025) which, if approved, could lead to equity dilution over time, and an office-of-profit appointment for Mr. Akshay Murali. Investors should await the formal voting results (due within 2 working days) for confirmation of approval thresholds, especially for the special resolutions.