Shriram Finance shareholders approve key director appointments, debenture limit

Shriram Finance Limited announced on December 3, 2025, the results of its postal ballot, with shareholders approving five key resolutions via remote e-voting. The ballot, which commenced on November 3, 2025, and concluded on December 2, 2025, included the re-appointment of Jugal Kishore Mohapatra as an independent director for a second term, which passed as a special resolution with 97.17% in favor and 2.83% against.

Additionally, shareholders approved the re-designation of Parag Sharma as managing director & chief executive officer with effect from December 5, 2025. This ordinary resolution passed with 99.12% of votes in favor and 0.88% against. Sunder Subramanian’s appointment as a director (96.61% in favor, 3.39% against) and as a whole time director with remuneration (98.80% in favor, 1.20% against) also passed as ordinary resolutions.

A special resolution to renew the limit for issuing debentures on a private placement basis by the board for up to INR 35,000 crores was approved with 98.95% of votes in favor and 1.05% against. All resolutions were passed with the requisite majority, as confirmed by the scrutinizer, SPNP & Associates.