StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting24 Jul 2026, 02:08 pm

Shriram Finance Board Approves Q1 FY27 Financial Results

AI Summary

Shriram Finance Limited's Board of Directors met on July 24, 2026, to approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The board also approved a resource mobilization plan for issuing debt securities, including NCDs, subordinated debentures, and bonds, through private placement or public issue. This plan covers the period from August 1, 2026, to October 31, 2026. The company confirmed no deviation in the utilization of funds from a preferential issue for the quarter and provided a nil statement for material deviation in the use of proceeds from non-convertible securities.

Key Highlights

  • Board approved Q1 FY27 unaudited financial results.
  • Resource mobilization plan for debt securities approved.
  • Plan covers August-October 2026 period.
  • No deviation in preferential issue fund utilization.
  • Nil statement on material deviation for NCD proceeds.