Target Entity: Sundaram Alternate Assets Limited (SAAL)

Type of Deal: Acquisition of 100% stake

Stake/Capacity: 100% stake represented by 3,90,53,158 equity shares of ₹10 each

Deal Value: Not exceeding ₹75 crore (excluding stamp duty, taxes and other charges)

Funding Source: Cash consideration

Financial Impact:

SAAL financial performance:

  • FY 2025-26: Revenue from Operations ₹153.41 crore, PBT ₹33.49 crore, PAT ₹25.69 crore, Net Worth ₹43.98 crore
  • As of 30.09.2026 (unaudited): Revenue from Operations ₹99.36 crore, PBT ₹27.48 crore, PAT ₹21.08 crore, Net Worth ₹59.67 crore
  • Historical performance: Revenue grew from ₹108.35 crore (2023-24) to ₹153.41 crore (2025-26), PAT grew from ₹18.30 crore (2023-24) to ₹25.69 crore (2025-26)

Timeline: Expected completion by March 31, 2027

Strategic Rationale: To simplify the group shareholding structure by making SAAL a direct subsidiary of Sundaram Finance Limited instead of a step-down subsidiary through Sundaram Asset Management Company Limited

Approval Status: Board-approved on November 4, 2026; requires SEBI approvals under SEBI (Mutual Fund) Regulations, 2026, SEBI (Portfolio Managers) Regulations, 2020 and SEBI (Alternative Investment Funds) Regulations, 2012

Industry: Alternative Investment Fund and Portfolio Management Services, catering to High Net-worth Individuals (HNIs), Ultra-High Net-worth Individuals (UHNIs), family offices & institutions

Related Party Aspects: The transaction is between Sundaram Finance Limited (holding company) and Sundaram Asset Management Company Limited (wholly-owned subsidiary company). It does not require prior approval of the Audit Committee as per Reg. 23(5)(b) of SEBI (LODR) Regulations, 2015, but is being done at arm's length. Mr. Harsha Viji, Executive Vice-Chairman and member of the Promoter Group, who is also the Chairman of SAAL, is interested to the extent of his directorship.

Company Background: SAAL is an Indian Company incorporated on January 24, 2018 (CIN: U65990TN2018PLC120641), operating in India

Reference Regulation: SEBI Regulation 30 read with Schedule III, Part A, Para A of SEBI (LODR) Regulations, 2015 and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026