Shriram Finance Limited

rs,

SEC/FILING/BSE-NSE/24-25/68A-B January 24, 2025 BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 511218 Dear Sir/Madam, National Stock Exchang

125%

rsuant to Regulation 33 and 52 of the Listing Regulations. 2. Declared second interim dividend of 125% i.e. Rs.2.50/- per equity share of face value Rs.2/- each fully paid up for the Financial Year 202

Rs.2.50

Regulation 33 and 52 of the Listing Regulations. 2. Declared second interim dividend of 125% i.e. Rs.2.50/- per equity share of face value Rs.2/- each fully paid up for the Financial Year 2024-25, subject

Rs.2

tions. 2. Declared second interim dividend of 125% i.e. Rs.2.50/- per equity share of face value Rs.2/- each fully paid up for the Financial Year 2024-25, subject to deduction of tax at source, if any

rs. 5

asset classification, provisioning, to the extent applicable to the NBFC, and other related matters. 5. As described in note 16 to the Statement, the figures for the quarter and nine months ended Decem

Rs. 21

38.38 1,766.91 7,809.70 5,215.47 7,102.38 (XIII) Paid-up equity share capital (Face value Rs. 21-per 376.06 375.99 375.60 376.06 375.60 375.79 share) (Refer note 9) (XIV) Other equ

Rs. 10

isite regulatory approvals, the Company has transferred 308,111,107 equity shares of face value of Rs. 10/- each fully paid up of SHFL to the Purchaser for a consideration of Rs. 3,929.03 crores on Decemb

Rs. 3,929.03 crore

shares of face value of Rs. 10/- each fully paid up of SHFL to the Purchaser for a consideration of Rs. 3,929.03 crores on December 11, 2024. Consequently, SHFL ceased to be a subsidiary of the Company with effect fro

Rs. 1,656.77 crore

er 11, 2024. The exceptional item disclosed in the financial results represents resultant gain of Rs. 1,656.77 crores (Rs. 1,489.39 crores net of tax) on account of disinvestment of SHFL. The gain is atter adjusting

Rs. 1,489.39 crore

ceptional item disclosed in the financial results represents resultant gain of Rs. 1,656.77 crores (Rs. 1,489.39 crores net of tax) on account of disinvestment of SHFL. The gain is atter adjusting the carrying amount

Rs. 217.28 crore

nity obligations as per the terms of the Share Purchase Agreement and derecognition of goodwill of Rs. 217.28 crores allocated to the investments in SHFL as per Ind AS 36 - Impairment of Assets. 6 The Board of Dir

100%

Board of Directors of the Company in its meeting held on April 26, 2024 had approved acquisition of 100% equity stake in Shriram Overseas Investments Private Limited from Shriram Investments Holdings Pr

“Any application of guidance/ clarification/ directions issued by Reserve Bank of India (`AM') or other regulations are implemented prospectively when they become applicable.”

“The second interim dividend will be paid to eligible Members of the Company on or before February 22, 2025 subject to deduction of tax at source as per the applicable rate(s).”

“Any application of guidance/ clarification/ directions issued by Reserve Bank of India ('RBI') or other regulations are implemented prospectively when they become applicable.”

“The second interim dividend will be paid to eligible Members of the Company on or before February 22, 2025 subject to deduction of tax at source as per the applicable rate(s).”

“Crores and in %) No Rs.100 Crores Nil Rs.100 Crores Nil - 100% of the proceeds hereof will be utilised in accordance with statutory and regulatory requirements (including requirements of RBI) and for financing of all the asset classes, onward refinancing lending, of debt, meeting existing capital working other requirement general purposes of the Company..”

“Crores and in %) No Rs.175 Crores Nil Rs.175 Crores Nil - 100% of the proceeds hereof will be utilised in accordance with statutory and regulatory requirements (including requirements of RBI) and for financing of all the asset classes, onward refinancing lending, of debt, meeting existing capital working other requirement general purposes of the Company.”

“We conducted our examination of the Statements, on test basis, in accordance with the Guidance Note on Reports or Certificates for Special Purposes (Revised 2016) issued by the Institute of Chartered Accountants of India ("ICAI").”

“The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.”

“2 Disinvestment of Subsidiary (SHFL)Nine months period ended December 31, 2024 (Amt in millions)Net Gain on disposal of shares of subsidiary18,740.50 Reversal of goodwill on sale of subsidiary(2,172.80) Total Exceptional Income (Net of Expenses) - (A)16,567.70 Less: - Taxes on Exceptional Income (Net of Expenses) - (B)(1,673.80) Exceptional Income (Net of taxes) - (A) - (B)14,893.90 Performance Highlights 3 Performance Highlights – Q3 FY25 vs Q3 FY24 Total Income 19.92 % Q3 FY25 Rs.”

“89,273.0 mn Q3 FY25 Rs 58,226.9 mn Net Interest Income*** 14.31 % ***including Net Direct assignment Income Rs.”

Deviation could mean

8

Notes

7

Please find enclosed herewith

1

Firm Registration Number

1

Continuing Operations

1

Discontinued Operations

1

Total Operations

1

A. Statement of Utilization of Issue Proceeds

1

Assets under Management

1

Please find enclosed herewith

a) Unaudited standalone and consolidated financial results of the Company for the third quarter and nine months ended December 31, 2024 (unaudited financial results) together with the limited review reports issued thereon by M/s. G D Apte & Co., and M/s. M M Nissim & Co LLP, Joint Statutory Auditors of the Company and the disclosures in accordance with Regulation 52(4) and 54(3) of the Listing Regulations. b) The disclosure in accordance with Regulation 52(7) and 52(7A) of the Listing Regulations regarding utilization of issue proceeds of non-convertible securities and a Nil statement for material deviation in the use of proceeds for the quarter ended December 31, 2024. c) Independent Auditor's certificate on Security Cover as at December 31, 2024 pursuant to Regulation 54 read with Regulation 56(1)(d) of the Listing Regulations and SEBI Master Circular no. SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024. d) Disclosure with respect to appointment of Secretarial Auditor under Regulat

Firm Registration Number

W/W100672 For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W rTh Maitish Singhania Partner Membership No.: 155411 ICAI UDIN: 25155411BMKX 7 Umesh S. Abiiiankar Partner Membership No.: 113053 ICAI UDIN: 25113053BMONHX2407 Mumbai January 24,2025 SHRIRAM FINANCE LIMITED CtN: L65191TNI979PLC007874 Regd. Oflice: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Emaffsecretarial@shriramfinancein STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE moNnis ENDED DECEMBER 31, 2024 Sr. No. Particulars Revenue from operations Interest income (i) (ii) Dividend income (iii) Rental income (iv) Fees and commission income (v) Net gain on fair value changes (vi) Net gain on derecognition of financial instruments under amortised cost category (vii) Other operating income (I) Total revenue from operations (11) Other income (111) Total inco

Notes

1 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on January 24, 2025. 2 The Standalone financial results (the 'Statement' or 'Results') together with the results for the comparative reporting periods have been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard ('Ind AS') 34 - Interim Financial Reporting and as prescribed under Section 133 of the Companies Act, 2013 (`the Act') read with Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time and the other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 read with Regulation 63(2) of Securities and Exchange Board of India (`SEBP) (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). These standalone financial results would be available on the website of the Comp

Notes

8 The Board of Directors in their meeting held on October 25, 2024 had declared interim dividend of (220%) Rs. 22/- (per equity share of face value of Rs. 10/- each (pre-split) fully paid up) for the financial year 2024-25 amounting to Rs. 8,272,198,836/- (gross) subject to deduction of tax at source as per the applicable rate(s) to all the eligible shareholders. The record date for payment of interim dividend was November 07, 2024. The interim dividend was paid to the eligible shareholders of the Company on November 19, 2024. 9 The Members through postal ballot on December 20, 2024, have approved the sub-division of the equity shares from face value of Rs. 10/- per share to face value of Rs. 2/- per share. The record date for the share split was January 10, 2025. In conformity with Ind AS 33 - Earnings Per Share, the per share calculation for current quarter and the nine months period ended December 31, 2024 along with the prior period results are computed as per revised number of sha

Notes

15 The Company is primarily engaged in the business of financing and there are no separate reportable segments identified as per hid AS 108 - Operating segments. The Company operates in a single geographical segment i.e. domestic. 16 Figures for the quarter and nine months ended December 31, 2023 and year ended March 31, 2024 were reviewed/ audited, by the predecessor joint statutory auditors of the Company. 17 The figures for the previous periods/ year have been regrouped/ rearranged wherever necessary to conform to the current period presentation. There are no significant regroupings/ reclassification for the quarter under report. Place: Mumbai Date: January 24, 2025 For Shriram Finance Limited VI/ . S. Chalwara, Managing Director & CEO DIN: 00052308 SHRIRANI FINANCE Liman) CIN: L65I9 rrN1979PLC007874 Regd. Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai - 600032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shrirtunfinance.in, Em

Notes

I. We confirm that the Campo y has complied of It she covenant mentioned in II o disclosure documents of the Secured redeemable numconvertible debentu es for the period ended Decent cr 31, 2024. 2. The market value of Rs. 0.0 crom of the Freels Id Land is on he basis of eerli ed valuation d no on May 23, 2022. 3. The market value of Rs. III corm of the Building is on the basis of cettified valuation done o April 21,21123. MM Nissim & Co LLP Chartered Accountants Barodawala Mansion, B wing, 3rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai 400018 G. D. Apte & Co. Chartered Accountants GDA. House, Plot No. 85, Right Bhusari Colony, Paull Road, Kothrud, Pune- 411 038 Independent auditor's review report on Unaudited Consolidated Quarterly Financial Results of Shriram Finance Limited for the quarter and nine months ended December 31, 2024, pursuant to Regulation 33 and Regulation 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations