Shriram Asset Management Company Ltd. has announced the voting results of its 32nd Annual General Meeting (AGM). The meeting took place on July 28, 2026, through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). Shareholders took part from different locations and voted on the resolutions placed before them.
The company informed the stock exchanges that every resolution presented at the AGM received approval with the required majority. The voting results show strong shareholder support for the proposals made by the company. These resolutions covered important business matters that require shareholder approval every year.
The company also completed the voting process in line with the rules laid down under the Companies Act and the Securities and Exchange Board of India (SEBI) regulations.
Approval of Financial Statements
One of the main items before the shareholders was the adoption of the audited financial statements for the financial year that ended on March 31, 2026.
The financial statements provide a complete picture of the company’s financial position, business performance, income, expenses, assets, liabilities, and cash flow during the financial year. Every listed company places these statements before shareholders at its annual meeting for approval.
The shareholders voted in favor of the audited financial statements. This approval confirms that the members accepted the company’s financial reports for the financial year 2025-26.
This is a standard but important part of every AGM because it allows shareholders to review the company’s financial health and formally approve its annual accounts.
Director Reappointed With Strong Support
Another important resolution related to the reappointment of Gaurav Patankar as a director of the company.
As per the Companies Act, certain directors retire by rotation and become eligible for reappointment if shareholders approve their continuation. The proposal to reappoint Gaurav Patankar received overwhelming support from shareholders.
According to the voting results, more than 99.9 percent of the votes cast supported his reappointment. Such a high level of approval reflects strong confidence among shareholders in his role and contribution to the company.
With this approval, Gaurav Patankar will continue as a director of Shriram Asset Management.
Related-Party Transaction Also Receives Approval
The shareholders also voted on a resolution related to a related-party transaction.
Related-party transactions involve deals between a company and parties that have a close connection with it, such as promoters, directors, or other associated entities. These transactions must follow strict regulatory rules to protect the interests of public shareholders.
For this resolution, promoter-related shareholders did not vote. Their participation was not allowed because SEBI regulations require such shareholders to abstain from voting on related-party transaction proposals where applicable.
Only eligible shareholders voted on the resolution, and the proposal received the required majority. As a result, the related-party transaction received shareholder approval.
This process helps maintain fairness and transparency in corporate decision-making.
AGM Held Through Virtual Mode
The company held its 32nd AGM through Video Conferencing and Other Audio-Visual Means instead of a physical meeting.
Virtual AGMs have become a widely accepted method for listed companies because they allow shareholders from different places to attend the meeting without travel. Shareholders can participate, ask questions, and vote through electronic systems.
This format also helps companies conduct meetings in an efficient and convenient manner while following the applicable legal framework.
Electronic Voting Process
Shriram Asset Management provided shareholders with electronic voting facilities for the AGM.
Eligible shareholders had the option to cast their votes before the meeting through remote e-voting. Those who did not use this facility could vote electronically during the AGM itself.
Electronic voting offers shareholders a secure and transparent method to take part in important company decisions. It also helps improve participation because investors can vote from any location.
The final voting results combined both remote e-voting and the votes cast during the AGM.
Independent Scrutiny of Votes
To ensure complete transparency, the company appointed M/s. SG & Associates as the independent scrutinizer for the voting process.
The scrutinizer reviewed the electronic voting records and verified the results after the completion of voting. This independent verification confirms that the voting process remained fair, accurate, and compliant with legal requirements.
After the scrutiny process, the final report confirmed that every resolution received approval with the required majority.
Such independent verification plays an important role in maintaining confidence among shareholders and the market.
Compliance With SEBI Regulations
The company stated that the AGM and voting process followed the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
These regulations set the standards that listed companies must follow for corporate governance, shareholder rights, disclosures, and voting procedures.
Compliance with these rules helps ensure that companies remain transparent in their decision-making process and provide equal treatment to all shareholders.
The voting process for the related-party transaction also followed these regulations, especially the rule that required promoter-related shareholders to abstain from voting.
What the Results Mean
The voting outcome shows that shareholders supported all the key proposals presented by Shriram Asset Management during its 32nd AGM.
Approval of the audited financial statements allows the company to complete an important statutory requirement for the financial year. The reappointment of Gaurav Patankar as director reflects shareholder confidence in the company’s leadership. Approval of the related-party transaction confirms that the proposal met the required legal and regulatory conditions after votes from eligible shareholders.
Since every resolution passed with the required majority, the company can move ahead with these decisions without any further shareholder approval.
Conclusion
The voting results of Shriram Asset Management’s 32nd Annual General Meeting show strong shareholder backing for the company’s routine business matters. Every resolution placed before shareholders received approval with the required majority.
The audited financial statements for the year ended March 31, 2026, now stand approved. Gaurav Patankar will continue as a director after he received more than 99.9 percent support from shareholders. The related-party transaction also secured approval after promoter-related shareholders abstained from voting in line with SEBI regulations.
The AGM took place through Video Conferencing and Other Audio-Visual Means, while shareholders voted through remote e-voting and electronic voting during the meeting. An independent scrutinizer verified the voting process, which followed the requirements of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The outcome reflects smooth corporate governance and successful completion of the company’s annual shareholder approval process.
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