StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting23 Oct 2026, 03:40 pm

Shriram Finance Declares 325% Interim Dividend, Approves Debt Issuance

AI Summary

Shriram Finance Ltd's Board of Directors, in a meeting held on October 23, 2026, approved the unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2026. The company declared an interim dividend of 325% (₹6.50 per equity share) for FY 2026-27, with October 29, 2026, as the record date. The board also approved a resource mobilization plan for issuing debt securities up to ₹35,000 crore and appointed Mr. Panakala Raju M as Chief Software Officer.

Key Highlights

  • Approved Q2 & H1 FY27 unaudited financial results.
  • Declared interim dividend of 325% (₹6.50 per share).
  • Approved debt securities issuance plan up to ₹35,000 crore.
  • Appointed new Chief Software Officer, Mr. Panakala Raju M.
  • Record date for dividend is October 29, 2026.