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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Shriram Asset Management Company Ltd

Shriram Asset Management Reports Q2 FY27 Net Loss of (941.69) Lakhs; Board Appointments

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 05 Nov 2026, 08:45 PM IST  ·  BSE ID: 85c39d22-8d6b-48b2-a101-66dd768db96b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its latest financial results, showing a loss, and also made several new director and fund manager appointments.
🤖 AI Summary
  • Shriram Asset Management Company Ltd reported a net loss of (941.69) Lakhs for Q2 FY27.
  • Total income for the quarter ended September 30, 2026, stood at 296.86 Lakhs.
  • Mr. Vikrant Kishore Gugnani appointed Vice-Chairman and Whole-Time Director, effective November 16, 2026, subject to shareholder approval.
  • Mr. Ketankumar Shah appointed Fund Manager and Mr. Hitesh Savanth appointed Principal Officer, effective November 6, 2026.
  • Half year ended September 30, 2026, reported a net loss of (1,630.21) Lakhs.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit/(Loss) after tax (Q2 FY27)
(941.69) Lakhs
Not comparable — limited prior period data.
Total income (Q2 FY27)
296.86 Lakhs
Not comparable — limited prior period data.
Profit/(Loss) after tax (Half Year ended Sept 30, 2026)
(1,630.21) Lakhs
Not comparable — limited prior period data.
Total income (Half Year ended Sept 30, 2026)
701.33 Lakhs
Not comparable — limited prior period data.
🏢 How This Affects the Company
📈
Business Impact
The appointment of a new Vice-Chairman and Whole-Time Director, Fund Manager, and Principal Officer may influence future strategic direction and portfolio management.
💰
Financial Impact
The reported net loss of (941.69) Lakhs for Q2 FY27 indicates continued unprofitability, impacting overall financial performance.
⚙️
Operational Impact
Changes in key management and fund management roles are effective from November 6 and November 16, 2026, respectively, which will reshape operational leadership.
⚠️
Risk Impact
The continued net losses and the need for shareholder approval for director appointments introduce a level of operational and governance monitoring.
👥 What This Means For Shareholders
✅
Action Required
Shareholders are required to approve the appointment and remuneration of Mr. Vikrant Kishore Gugnani through a postal ballot.
👤
Who Is Affected
All shareholders will be affected by the postal ballot process for approving the new Vice-Chairman and Whole-Time Director, whose tenure and remuneration will require their vote.
🔍
Management Signal
Management is signaling a change in leadership and strategic direction through new appointments, subject to shareholder endorsement.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Postal Ballot results — check for shareholder approval of director appointments.
Q3 FY27 financial results — monitor changes in net loss and total income.
Future management announcements — track any further changes in leadership or strategy.
HIGH RISK The company reported increasing net losses in Q2 FY27 and for the half year period.
💡 Investor Takeaway
Shriram Asset Management reported a net loss of (941.69) Lakhs in Q2 FY27, compared to a net loss of (440.37) Lakhs in Q2 FY26. Total income for the quarter was 296.86 Lakhs. Key management appointments, including a new Vice-Chairman and Whole-Time Director, are also confirmed.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Net loss for Q2 FY27 was (941.69) Lakhs, widening from (440.37) Lakhs in Q2 FY26.
  • Total expenses for the half year ended September 30, 2026, increased to 2,325.28 Lakhs from 1,377.97 Lakhs in the prior comparable period.
📅 Company Track Record
Shriram Asset Management previously reported a net loss of (941.69) Lakhs for Q2 FY27 on November 05, 2026, which is consistent with the results filed today. This marks continued losses for the period.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Shriram Asset Management's net loss in Q2 FY27?
Shriram Asset Management Company Ltd reported a net loss of (941.69) Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
What was Shriram Asset Management's total income for Q2 FY27?
Total income for Shriram Asset Management Company Ltd for the quarter ended September 30, 2026 (Q2 FY27) was 296.86 Lakhs.
Who was appointed as Vice-Chairman and Whole-Time Director at Shriram Asset Management?
Mr. Vikrant Kishore Gugnani was approved as an Additional Director in the category of Executive and Non-Independent Director designated as the Vice-Chairman and Whole-Time Director, effective November 16, 2026, subject to shareholder approval.
What were Shriram Asset Management's total expenses for the half year ended September 30, 2026?
Total expenses for Shriram Asset Management Company Ltd for the half year ended September 30, 2026, were 2,325.28 Lakhs.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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