Shriram Finance Limited announced board approval for its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also approved a periodical resource mobilisation plan for debt securities from August 1, 2026, to October 31, 2026. These approvals signify the company’s ongoing financial management and strategic funding initiatives.
Financial Results Approved
Shriram Finance Limited’s Board of Directors, at a meeting held on July 24, 2026, approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. These results were prepared in accordance with the relevant listing regulations.
Debt Mobilisation Plan
The Board also greenlit a periodical resource mobilisation plan for the issuance of debt securities. This plan will cover the period from August 1, 2026, to October 31, 2026, and includes options for redeemable non-convertible debentures, subordinated debentures, and bonds through private placement or public issues. This strategic move aims to support the company’s business operations and growth.
Key Disclosures and Reports
Enclosed with the announcement are the unaudited financial results, accompanied by limited review reports from M/s. G. D. Apte & Co. and M/s M M NISSIM & CO LLP, the Joint Statutory Auditors. Further disclosures, including those related to the utilization of funds from preferential issues and independent auditor certificates on security cover, were also provided as per regulatory requirements.
No Deviation in Fund Utilisation
The company confirmed that there was no deviation or variation in the utilization of proceeds from its preferential issue during the quarter ended June 30, 2026. The funds raised were utilized in accordance with the objects disclosed during the Extra-ordinary General Meeting.
Utilization of Non-Convertible Securities Proceeds
Information regarding the utilization of proceeds from non-convertible securities was also furnished, confirming no deviation or variation in their use for the quarter ended June 30, 2026. The total amount raised was ₹100 crore, with the full amount utilized as per the plan.
Source: BSE
