StockWatch
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Non Banking Financial Company (NBFC)
Management Change23 Oct 2026, 03:47 pm

Shriram Finance Appoints Panakala Raju M as Chief Software Officer

AI Summary

Shriram Finance Ltd announced the appointment of Mr. Panakala Raju M as Chief Software Officer (Senior Management Person) following a Board Meeting. The Board also approved the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. An interim dividend of 325% (₹6.50 per equity share) was declared for FY2026-27, with a record date of October 29, 2026. Additionally, the company approved a resource mobilization plan for issuing debt securities up to ₹35,000 crore and a postal ballot notice for seeking member approval.

Key Highlights

  • Mr. Panakala Raju M appointed as Chief Software Officer.
  • Interim dividend of 325% (₹6.50 per share) declared.
  • Unaudited Q2 and H1 FY27 financial results approved.
  • Plan to issue debt securities up to ₹35,000 crore approved.