Key Resolution Details
The company is seeking shareholder approval through a postal ballot for the renewal of a limit to issue debentures on a private placement basis.
Resolution: Special Resolution for renewal of limit to issue Debentures on private placement basis by the Board.
Purpose: To raise funds through the issuance of secured/unsecured redeemable non-convertible debentures (NCDs), subordinated debentures, bonds, or any other structured/hybrid debt securities.
Proposed Limit: ₹35,000 Crores (Rupees Thirty Five Thousand Crores Only).
Validity Period: The approval is sought for a period of one year from the date of passing the resolution.
Utilization of Proceeds: The proceeds will be used for on-lending, growing the company's asset book, refinancing existing debt, working capital requirements, and other general corporate purposes.
Overall Borrowing Limit: The proposed issuance will be within the company's overall authorized borrowing limit of ₹2,95,000 Crores outstanding at any point in time.
Voting Details
Cut-off Date: Friday, October 23, 2026. Members registered as of this date are eligible to vote.
Remote E-Voting Period: Commences on Saturday, October 31, 2026 (9:00 Hours IST) and ends on Sunday, November 29, 2026 (17:00 Hours IST).
Result Declaration: The results of the remote e-voting and the Scrutinizer's report will be declared on or before Monday, November 30, 2026 (18:00 Hours IST) at the Corporate Office of the Company.
Voting Method: Communication of assent/dissent is only through remote e-voting. No physical ballot forms are being sent.
Regulatory and Compliance Information
Scrutinizer Appointment: SPNP & Associates, Practicing Company Secretaries, Chennai, represented by Mr. P. Sriram (FCS 4862, CP No. 3310) or failing him Ms. Nithya Pasupathy (FCS 10601, CP No. 22562).
E-Voting Service Provider: Central Depository Services (India) Limited (CDSL) has been engaged to facilitate e-voting.
Regulatory References: The notice is issued pursuant to Section 110 of the Companies Act, 2013, read with Rule 20 and Rule 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI LODR Regulations, 2015. It also cites MCA Circulars dated April 08, 2020, April 13, 2020, and September 22, 2025.
Applicable Regulations: The issuance will comply with Sections 23, 42, 71 of the Companies Act, 2013, SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, SEBI LODR Regulations, 2015, and applicable RBI directions for NBFCs.
Key Terms of the Proposed Debenture Issuance
Instrument Types: Secured/Unsecured Redeemable Non-Convertible Debentures (NCDs), Subordinated Debentures, Bonds, Structured/Hybrid Debt Securities.
Issue Price: May be issued at par, discount, or premium.
Potential Investors: Institutional investors, FIIs/FPIs, QIBs, banks, financial institutions, multilateral/regional financial institutions, statutory corporations, provident/pension/gratuity funds, venture capital funds, alternate investment funds, insurance companies, mutual funds, companies, bodies corporate, societies, educational institutions, associations of persons, trusts, research organizations, partnership firms, LLPs, resident individuals, HNIs, HUFs, and retail individual investors.
Board Authority: The Board (or its Committee) is authorized to determine all terms of the issue, including the class of investors, number of debentures per tranche, issue price, tenor, interest rate, premium/discount, security cover, and to execute all necessary documents.
Delegation: The Board is authorized to delegate these powers to any director(s), key managerial person(s), and/or officer(s) of the company.
Historical Context
The Members of the company had previously authorized a similar limit of ₹35,000 Crores via a special resolution passed on December 2, 2025. This authorization is valid until December 1, 2026. The current resolution seeks a renewal of this limit.
Document Availability
The full Postal Ballot Notice is available on the company's website (www.shriramfinance.in), the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com), and the e-voting websites of CDSL (www.evotingindia.com) and NSDL (www.evoting.nsdl.com).
Director's Interest
None of the Directors, Key Managerial Personnel, or their relatives are concerned or interested, financially or otherwise, in the proposed resolution.