Shriram Finance Limited’s Board of Directors, in a meeting held on October 23, 2026, approved an interim dividend of 325% (₹6.50 per share). Additionally, the board greenlit a periodical resource mobilization plan for issuing debt securities up to ₹35,000 crore through private placements and public issues, valid from November 1, 2026, to January 31, 2027.
Board Meeting Highlights: Dividend and Debt Issuance Approved
In a significant announcement following its Board Meeting on October 23, 2026, Shriram Finance Limited has declared an interim dividend of 325%, amounting to ₹6.50 per equity share of face value ₹2/- each. The record date for this dividend has been set as October 29, 2026, with payments to eligible members expected before November 20, 2026.
Record Financials and Resource Mobilization
The Board also approved and took on record the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. These results showcased robust performance, with profit after tax for the standalone entity at ₹3,677.03 crore for the quarter and ₹7,121.59 crore for the half-year.
Furthermore, a periodical resource mobilization plan was approved, allowing the company to raise funds through the issuance of debt securities, including redeemable non-convertible debentures (NCDs) and subordinated debentures, via private placement and public issues. This plan, valid from November 1, 2026, to January 31, 2027, aims to mobilize up to ₹35,000 crore for the company’s business purposes.
Key Appointments and Other Approvals
In a key managerial appointment, Mr. Panakala Raju M was appointed as the Chief Software Officer (Senior Management Person). The Board also approved the issuance of redeemable non-convertible debentures on a private placement basis and authorized the postal ballot notice for seeking member approval for renewal of the limit to issue debentures up to ₹35,000 crore.
Source: BSE
