Shriram Finance Limited has announced that its Board of Directors will meet on October 25, 2024, to discuss key matters, including the approval of unaudited standalone and consolidated financial results for the second quarter and half-year ended September 30, 2024.
Key points to be discussed at the meeting:
- Q2 FY25 Results: The Board will consider and approve the unaudited financial results for the quarter and half-year ended September 30, 2024.
- Interim Dividend: The Board will also deliberate on the declaration of an interim dividend for the financial year 2024-25. The Record Date for determining shareholders eligible for this interim dividend is set as November 7, 2024.
- Debt Securities: Approval of a resource mobilisation plan for the issuance of debt securities, including redeemable non-convertible debentures (NCDs), bonds on private placement or public issue basis, to support business operations.
- Share Split Proposal: The Board will consider a proposal for a share split of the company’s existing equity shares with a face value of ₹10 each, subject to the approval of shareholders.
The outcomes of this meeting could have significant implications for the company’s future capital structure and dividend distribution.
