Proxy advisory firms SES and IIAS have urged investors to vote against resolutions needed to operationalise Shriram Finance’s deal with MUFG. Their concern: special rights that place MUFG in a “driver seat” role and a non-compete fee paid to promoters. Shriram Finance counters that the rights are protective and do not dilute promoter control, and says the fee benefits all shareholders.
Shriram Finance reported a sharp rise in standalone net profit, up 41% year-on-year to Rs 3,014 crore for the March quarter. Net Interest Income increased as well, while Assets under Management grew 15%. The NBFC has recommended a final dividend of Rs 6 per share, taking the full FY26 dividend to Rs 10.80.
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