Shriram AMC Q2 FY27 Net Loss ₹941.69 Lakh

The company reported unaudited financial results for Q2 FY27:

Revenue from operations: ₹101.64 lakh (Asset management services: ₹101.64 lakh, Interest income: ₹51.81 lakh, Net gain on fair value changes: ₹142.32 lakh)
Other income: ₹1.09 lakh
Total income: ₹296.86 lakh
Total expenses: ₹1,237.98 lakh (including Employee benefits expense: ₹737.54 lakh, Other expenses: ₹472.56 lakh, Depreciation: ₹29.32 lakh)
Loss before tax: ₹(941.12) lakh
Tax expense: ₹0.57 lakh (Current tax: ₹0.57 lakh)
Loss after tax: ₹(941.69) lakh
Other comprehensive income: ₹(8.98) lakh
Total comprehensive loss: ₹(950.67) lakh
Basic EPS: ₹(5.53) per share (Face value ₹10)
Diluted EPS: ₹(5.53) per share (anti-dilutive)

The Board approved the following appointments based on Nomination and Remuneration Committee recommendations:

1. Mr. Vikrant Kishore Gugnani (DIN: 01814337)

Appointment as Additional Director (Executive and Non-Independent) designated as Vice-Chairman and Whole-Time Director effective November 16, 2026
Term: 3 years from November 16, 2026 to November 15, 2029
Subject to shareholder approval
Profile: Chartered Accountant with 30 years experience in financial services, former CEO of Reliance Capital Asset Management Limited

2. Mr. Ketankumar Shah

Appointment as Fund Manager under SEBI (Mutual Funds) Regulations, 2026 effective November 6, 2026
Ceases as Principal Officer under SEBI (Portfolio Managers) Regulations, 2020 from same date
Profile: 17+ years in Equity Research with 15+ years buy-side experience in BFSI, Engineering, Capital Goods sectors

3. Mr. Hitesh Savanth

Appointment as Principal Officer under SEBI (Portfolio Managers) Regulations, 2020 effective November 6, 2026
Ceases as Senior Fund Manager under SEBI (Mutual Funds) Regulations, 2026 from same date
Profile: 12+ years experience in Portfolio Management and Wealth Management, B.Com (Hons), Chartered Financial Analyst

The company will conduct a Postal Ballot to seek shareholder approval for Mr. Gugnani's appointment and remuneration
During the quarter, the company allotted 156,640 equity shares (face value ₹10) pursuant to exercise of stock options
Previously granted 66,200 stock options at exercise price of ₹303 per share under ESOP-2022 on August 5, 2026