Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sundaram Finance Limited

Meeting Details

The 73rd Annual General Meeting was held through video conferencing on Wednesday, July 22, 2026, between 10:00 A.M. and 10:40 A.M.

Attendees

The meeting was attended by 112 members, including Directors and Key Management Personnel who were present in person at a central location. Key attendees included:

  • Chairman: Mr. S. Viji
  • Directors: Mr. T.T. Srinivasaraghavan, Mr. Srivats Ram, Dr. R. Raghuttama Rao, Mr. L. Ganesh, Mrs. Bhavani Balasubramanian, Mr. R. Venkatraman, Mrs. Anuradha Rao
  • Executive Vice Chairman: Mr. Harsha Viji
  • Managing Director: Mr. Rajiv C. Lochan
  • Joint Managing Director: Mr. A.N. Raju
  • Chief Financial Officer: Mr. M. Ramaswamy
  • CCO & Company Secretary: Mr. P.N. Srikant
  • Statutory Auditors: Mr. P. Babu (Brahmayya & Co.), Mr. L. Ravi Shankar (Brahmayya & Co.), Mr. K. Venkatakrishnan (R.G.N. Price & Co.), Mr. Vinay M Kothari (R.G.N. Price & Co.)
  • Secretarial Auditor: Mr. M. Damodaran (Damodaran & Associates LLP)
  • Scrutinizer: Mr. T. K. Bhaskar, Partner, H&B Partners

Chairman's Speech Highlights

Mr. S. Viji, Chairman, delivered a speech covering:

  • Global economic challenges including geopolitical tensions and West Asia conflict impacting growth prospects
  • Indian economy resilience with 7.6% real GDP growth in FY 2025-26
  • Inflation trends: Headline CPI fell to near zero by October 2025 before rising to 3.9% by May 2026
  • RBI policy repo rate reduced to 5.25% by December 2025
  • Record performance in Indian automotive industry across all vehicle segments
  • Company performance: Disbursements grew 13.8% to ₹32,321 crores; Gross receivables under management stood at ₹70,137 crores (up 16.3%)
  • Asset quality: Gross Stage III assets at 1.44%; Net Stage III assets at 0.69%
  • Financial results: Net profit of ₹1,834 crores (19% growth); Net worth of ₹12,715 crores; Capital adequacy of 18.95%
  • Dividend recommendation: Final dividend of ₹24 per share, making total dividend of ₹40 per share for FY 2025-26
  • Subsidiary performance updates for Sundaram Asset Management, Sundaram Home Finance, and Royal Sundaram General Insurance

Voting Process and Methods

The voting was conducted through remote e-voting and e-voting during the meeting. Members who had not exercised their votes through remote e-voting could do so through e-voting until the conclusion of the meeting.

Scrutinizer's Role

Mr. T. K. Bhaskar, Partner of H&B Partners, was appointed as the Scrutinizer to oversee the voting process and validate the results.

Voting Results and Resolutions Passed

1. Adoption of Accounts - Ordinary Resolution

  • Number of valid votes received: 7,18,49,508
  • Votes in favour: 7,18,24,337
  • Votes against: 25,171
  • Resolution: Approved adoption of Audited Financial Statements including Consolidated Financial Statements for year ended March 31, 2026

2. Declaration of Final Dividend - Ordinary Resolution

  • Number of valid votes received: 7,18,69,895
  • Votes in favour: 7,18,69,884 (100%)
  • Votes against: 11
  • Resolution: Approved final dividend of ₹24 per share (240% on face value of ₹10) for FY ended March 31, 2026
  • Total dividend with interim dividend of ₹16 per share: ₹40 per share (400% on face value of ₹10)
  • Total dividend amount: ₹444.42 crores
  • Record date: July 6, 2026

3. Re-election of Mr. Harsha Viji as Director - Ordinary Resolution

  • Number of valid votes received: 6,87,73,484
  • Votes in favour: 6,20,32,262 (90.20%)
  • Votes against: 67,41,222
  • Resolution: Approved re-election of Mr. Harsha Viji (DIN: 00602484) as Director liable for retirement by rotation

4. Re-election of Mr. Rajiv C. Lochan as Director - Ordinary Resolution

  • Number of valid votes received: 7,18,47,531
  • Votes in favour: 7,16,92,348
  • Resolution: Approved re-election of Mr. Rajiv C. Lochan (DIN: 05309534) as Director liable for retirement by rotation

Compliance Confirmation

The meeting confirmed compliance with Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The Auditors' Report was not read out as it was unqualified and complied with Section 145 of the Companies Act, 2013.