Interim report
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Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 October 23, 2026 BSE Limited P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 511218 National Stock Exchange of India Limited Listing Department Exchange Plaza, 5th Floor, Plot no. C/1, G- Block, Bandra-Kurla Complex, Mumbai – 400 051 NSE Symbol: SHRIRAMFIN Dear Sir/Madam, Sub.: Outcome of Board Meeting Re.: Regulation 30, 32, 33, 42, 51, 52, 54 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) In furtherance of our intimations dated September 28, 2026 and October 16, 2026, we inform you that the Board of Directors of the Company at their meeting held today i.e. October 23, 2026 has inter-alia: 1. Approved and taken on record the unaudited standalone and consolidated financial results of the Company for the second quarter and half-year ended September 30, 2026, prepared pursuant to Regulation 33 and 52 of the Listing Regulations. 2. Declared an interi m dividend of 325% i.e. Rs. 6.50 per equity share of face value Rs.2/- each fully paid up for the Financial Year 2026-27, subject to deduction of tax at source, if any, to be paid to those Members whose names appear in the Register of Members of the Company as on Thursday, October 29, 2026 being the Record Date, for the purpose of payment of interim dividend. The interim dividend payout will be made to eligible Members before Friday, November 20, 2026. 3. Approved periodical resource mobilisation plan for issuance of debt securities viz. redeemable non-convertible debentures (‘NCDs’) /subordinated debentures, bonds / notes on private placement basis and/or public issue in one or more tranches or any other methods of borrowing in onshore/offshore market for the purpose of business of the Company from November 1, 2026 to January 31, 2027. 4. Approved issuance of redeemable non -convertible debentures / subordinated debentures (‘Debentures’) on private placement basis for the purpose of business of the Company and Postal Ballot Notice for seeking approval of Members of the
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Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 Company for the renewal of limit to issue Debentures on private placement basis up to Rs.35,000 crore. The Postal Ballot Notice will be filed by the Company with stock exchanges shortly. 5. Appointed Mr. Panakala Raju M as a Chief Software Officer of the Company (Senior Management Person ), based on the recommendation of the Nomination & Remuneration Committee. Please find enclosed herewith: a) Unaudited standalone and consolidated financial results of the Company for the second quarter and half-year ended September 30, 2026 (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 statement confirming no deviation/variation in utilisation of proceeds of Preferential Issue for the quarter ended September 30, 2026 pursuant to Regulation 32 of the Listing Regulations. c) The disclosure in accordance with Regulatio n 52(7) and 52(7A) of the Listing Regulations regarding utilization of issue proceeds of non-convertible securities and statement confirming no material deviation in the u se of proceeds for the quarter ended September 30, 2026. d) Independent Auditor's certificate on Security Cover as at September 30, 2026 pursuant to Regulation 54 of the Listing Regulations read with SEBI Master Circular HO/17/11/12(2)2026-DDHS-POD1/I/22420/2026 dated September 28, 2026. e) The requisite disclosure under Regulation 30 & 51 of the Listing Regulations read with Para A of Part A of Schedule III to the Listing Regulations and SEBI Master Circular Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 updated on January 30, 2026 as Annexure I. f) Press Release and Investor Update on the said unaudited financial results. The disclosure of Related Party Transactions on a consolidated basis for the half -year ended September 30, 2026 pursuant to the provisions of Regulation 23(9) of the Listing Regulations is being filed under Integrated filing (financial) through XBRL mode.
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Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 The extract from said unaudited financial results also containing a Quick Response (QR) code would be published in one English and one vernacular newspaper as required under Regulation 47 and Regulation 52(8) of the Listing Regulations. The said unaudited financial results are also being uploaded on the Company's website (www.shriramfinance.in) as required under Regulation 46 of the Listing Regulations. This intimation/disclosure is under Regulation 23(9), 30, 32, 33, 42, 51, 52, 54 and other applicable regulations of Listing Reg ulations and Chapter XVII (Part III: Listing of Commercial Paper ) of SEBI Master Circular No. SEBI/HO/DDHS/DDHS- PoD/P/CIR/2025/0000000137 dated October 15, 2025 read with Chapter VI of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. Kindly take the same on record. The Meeting of Board of Directors commenced at 11.00 A.M. and concluded at 02.30 P.M. Thanking you, Yours faithfully, for Shriram Finance Limited U Balasundararao Company Secretary & Chief Compliance Officer Encl. a/a
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Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 Annexure-I Information as required under Regulation 30 & 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A and Part B of Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 updated on January 30, 2026 Sr. No. Particulars Description 1. Name Mr. Panakala Raju M 2. Reason for change viz. appointment, re - appointment, resignation, removal, death or otherwise Appointment of Chief Software Officer of the Company (Senior Management Person) 3. Date of appointment /re- appointment/cessation (as applicable) & term of appointment/re-appointment October 23, 2026 On the terms and conditions as applicable to Senior Management Personnel as per the Company’s policy 4. Brief profile (in case of appointment) Mr. Panakala Raju M holds a Bachelor’s degree in Commerce from Nagarjuna University . He has also completed program in Artificial Intelligence and Machine Learning from Caltech University, USA. He is a seasoned technology leader of about 3 decades of experience in IT industry, bringing a strong blend of technical expertise, architectural leadership and strategic vision. Mr. Panakala began his career with Novac Technology Solutions (P) Ltd. (‘ Novac’) and gained extensive experience in technology architecture and enterprise solutions, he has been instrumental in driving technology -oriented programs, strengthening architectural capabilities and aligning technology initiatives with business objectives.
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Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 He le d the Architecture team , focusing on scalable, secure and future -ready technology solutions. His role as Chief Strategy Officer at Novac reflected a commitment to technology excellence, innovation and building solutions that create sustainable business value.
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M M NISSIM & CO LLP Chartered Accountants G. D. Apte & Co. Chartered Accountants Barodawala Mansion, B wing, 3rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai 400018 GDA. House, Plot No. 85, Right Bhusari Colony, Paud Road, Kothrud, Pune- 411 038 Independent auditor's review report on Unaudited Standalone Quarterly Financial Results of Shriram Finance Limited for the quarter and half year ended September 30, 2026, pursuant to Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To The Board of Directors of Shriram Finance Limited 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Shriram Finance Limited (the 'NBFC'), for the quarter and half year ended September 30, 2026 (the 'statement') attached herewith, being submitted by the NBFC pursuant to the requirements of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the 'Listing Regulations'). 2. This Statement, which is the responsibility of the NBFC's Management and approved by the Board of Directors of the NBFC, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended read with relevant rules issued thereunder and the circulars, guidelines and directions issued by Reserve Bank of India ("RBI") from time to time, applicable to the NBFC ("RBI guidelines") and other accounting principles generally accepted in India, and in compliance with the presentation and disclosure requirement under Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India ("ICAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of the personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Act and consequently • • Page 1 of 2 \ssl M FRN 107122 W10067 MUMBA • \Sv O PATECD. wed Act 0
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M M NISSIM & CO LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34, prescribed under Section 133 of the Act, as amended read with relevant rules issued thereunder, the RBI guidelines and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement or that it has not been prepared in accordance with the relevant prudential norms issued by RBI in respect of income recognition, asset classification, provisioning, to the extent applicable to the NBFC, and other related matters. For M M NISSIM & CO LLP Chartered Accountants Firm Registration Number1107122W/W100672 Manish Singhania e FRN --o 107122W/ W100672 MUMBAI For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W PTE co- eclAc Umesh S. Abhyankar Partner 4=D AccO Partner Membership No.: 155411 Membership No.: 113053 ICAI UDIN: 26155411TSNNBQ1315 ICAI UDIN: 26113053CCQWQH5837 Mumbai Mumbai October 23, 2026 October 23, 2026 Page 2 of 2
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SIIRIRAM FINANCE LIMITED CIN: L6519ITN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Wcbsite-www.shriramfinance.in, Email-secretarial@shrirainfinance.in STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR 'HIE QUARTER AND IIALF-YEAR ENDED SEPTEMBER 30, 2026 (Rs. in crores) Sr. No. Particulars Quarter ended IlaIf-year ended Year ended 30.09.2026 (Unaudited) 30.06.2026 (Unaudited) 30.09.2025 (Unaudited) 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) 31.03.2026 (Audited) Revenue from operations (i) Interest income (Refer note 12) 13,379.57 12,909.97 11,550.56 26,289.54 22,723.78 46,644.04 (ii) Dividend income 1.81 - 1.84 1.81 1.84 1.84 (iii) Fees and commission income 146.49 127.28 106.55 273.77 206.18 490.55 (iv) Net gain on fair value changes 72.96 185.11 96.71 258.07 231.37 356.99 (v) Other operating income 188.59 171.32 152.13 359.91 280.25 624.47 (I) Total revenue from operations 13,789.42 13,393.68 11,907.79 27,183.10 23,443.42 48,117.89 (II) Other income (Refer note 13) 9.49 18.43 8.94 27.92 15.07 60.09 (III) Total income (I + II) 13,798.91 13,412.11 11,916.73 27,211.02 23,458.49 48,177.98 Expenses (i) Finance costs 4,964.82 5,204.28 5,524.79 10,169.10 10,925.55 21,520.41 (ii) Fees and commission expenses (Refer note 12) 90.99 118.07 166.88 209.06 309.19 596.54 (iii) Impairment on financial instruments 1,877.40 1,463.26 1,333.33 3,340.66 2,619.02 5,339.07 (iv) Employee benefits expenses (Refer note 11) 1,083.89 1,142.26 943.93 2,226. I 5 1,920.40 4,126.01 (v) Depreciation, amortisation and impairment 179.86 182.74 174.44 362.60 347.55 698.75 (vi) Other expenses 670.03 679.39 663.34 1,349.42 1,320.03 2,604.94 (IV) Total expenses 8,866.99 8,790.00 8,806.71 17,656.99 17,441.74 34,885.72 (V) Profit before exceptional items and tax (III - IV) 4,931.92 4,622.11 3,110.02 9,554.03 6,016.75 13,292.26 (VI) Exceptional items (net) - - - - - - (VII) Profit before tax (V + VI) 4,931.92 4,622.11 3,110.02 9,554.03 6,016.75 13,292.26 (VIII) Tax expense: (i) Current tax 1,535.72 1,397.22 1,029.17 2,932.94 2,008.59 4,157.90 (ii) Deferred tax (280.83) (219.67) (226.33) (500.50) (454.75) (863.79) (IX) Profit for the period/ year (VII - VIII) 3,677.03 3,444.56 2,307.18 7,121.59 4,462.91 9,998.15 (X) Other comprehensive income A (i) Items that will not be reclassified to profit or loss Remeasurement gain/ (loss) on defined benefit plan (7.07) (24.92) 3.05 (31.99) (4.96) 43.34 Gain/ (loss) on fair valuation of quoted investments in equity shares (6.06) (13.86) 3.07 (19.92) 4.30 12.77 (ii) Income tax relating to items that will not be reclassified to profit or loss 2.65 8.25 (2.39) 10.90 (0.68) (1 1.42) Subtotal (A) (10.48) (30.53) 3.73 (41.01) (1.34) 44.69 B (i) Items that will be reclassified to profit or loss Cash flow hedge reserve Gain/ (loss) on effective portion of hedging instruments in a cash flow hedge 398.60 (101.05) 241.18 297.55 298.42 1,128.02 (ii) Income tax relating to items that will be reclassified to profit or loss (100.32) 25.43 (60.70) (74.89) (75.1 1) (283.90) Subtotal (B) 298.28 (75.62) 180.48 222.66 223.31 844.12 Other comprehensive income for the period/ year (A 287.80 (106.15) 184.21 181.65 221.97 888.81 + B) (XI) Total comprehensive income for the period/ year 3,964.83 3,338.41 2,491.39 7,303.24 4,684.88 10,886.96 (IX + X) (XII) Paid -up equity share capital (face value Rs. 2/- per share) 470.61 470.58 376.20 470.61 376.20 376.31 (XIII) Other equity 65,328.62 (XIV) Earnings per equity share (not annualised for the interim periods) Basic (Rs.) 15.63 14.83 12.27 30.46 23.73 53.15 Diluted (Rs.) 15.63 14.82 12.26 30.45 23.71 53.1 1 \ss1M FR 107122 W10067 • MU MBA! !° ACC kiss cl• PTE ed AGO O * icv Sic.
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SHRIRAM FINANCE LIMITED CIN: 1.65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in Notes: 1 Statement of standalone assets and liabilities (Rs. in crores) Sr. No. Particulars As at 30.09.2026 (Unaudited) 31.03.2026 (Audited) (1) ASSETS Financial assets (a) Cash and cash equivalents 5,040.41 5,739.01 (b) Bank balance other than (a) above 7,539.62 2,197.31 (c) Derivative financial instruments 4,031.83 4,684.06 (d) Receivables (I) Trade receivables 37.12 51.78 (II) Other receivables 0.02 0.21 (e) Loans 307,833.55 282,452.44 (f) investments 19,172.22 14,782.76 (g) Other financial assets 2,840.58 3,335.38 Total financial assets 346,495.35 313,242.95 (2) Non-financial assets (a) Current tax assets (net) 423.54 604.33 (b) Deferred tax assets (net) 4,699.83 4,263.32 (c) Property, plant and equipment 1,189.08 1,108.77 (d) Goodwill 1,189.45 1,189.45 (e) Other intangible assets 157.37 336.96 (1) Other non-financial assets 377.22 406.38 Total non-financial assets 8,036.49 7,909.21 (3) Non-current assets held for sale/ disposal - 0.97 Total assets (1+2+3) 354,531.84 321,153.13 (1) LIABILITIES AND EQUITY Liabilities Financial liabilities (a) Derivative financial instruments 102.07 59.77 (b) Payables (I) Trade payables (i) total outstanding dues of micro enterprises and small enterprises 3.35 5.65 (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 328.44 326.69 (II) Other payables (i) total outstanding dues of micro enterprises and small enterprises - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 1.01 2.51 (c) Debt securities 44,923.89 52,873.19 (d) Borrowings (other than debt securities) 115,277.39 125,917.78 (e) Deposits 73,598.46 69,480.34 (I) Subordinated liabilities 2,471.19 2,418.57 (g) Other financial liabilities 5,153.58 3,366.86 Total financial liabilities 241,859.38 254,451.36 (2) Non-financial liabilities (a) Current tax liabilities (net) 809.77 402.42 (b) Provisions 449.65 397.80 (c) Other non-financial liabilities 207.26 196.62 Total non-financial liabilities 1,466.68 996.84 (3) Total liabilities (1+2) 243,326.06 255,448.20 (4) Equity (a) Equity share capital 470.61 376.31 (b) Other equity 110,735.17 65,328.62 Total equity 111,205.78 65,704.93 Total liabilities and equity (3+4) 354,531.84 321,153.13 \sSI M FRN 107122 W100672 MUMBAI PTE \\> 6,6-0ACC ed Act,
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in Notes: 2 Standalone statement of cash flows (Rs. in crores) Sr. No. Particulars Half-year ended 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) A. Cash flow from operating activities Profit before tax 9,554.03 6,016.75 Adjustments for: Depreciation, amortisation and impairment 362.60 347.55 Interest on income tax refund - (0.05) Share-based payments to employees 23.81 7.35 Interest income on loans (24,811.12) (21,515.22) Interest income on finance lease (0.05) - Interest income from investments (632.21) (500.58) Interest income on deposits (630.20) (610.92) Interest others (0.01) - Finance costs on borrowings 10,067.61 10,888.09 Interest on lease liabilities 37.85 33.49 Loss/ (profit) on sale of property, plant and equipment (net) 3.65 2.46 Gain on sale of non-current assets held for sale/ disposal (2.08) - Dividend income (1.81) (1.84) Impairment on loans 3,341.63 2,498.53 Impairment on investments (4.59) 14.85 Impairment on undrawn loan commitment 3.69 110.41 Impairment on other assets (0.07) (4.77) Non-cash components of lease liabilities (10.42) (7.24) Net (gain)/ loss on fair value changes on investment (255.39) (223.82) Net (gain)/ loss on fair value changes on direct assignment (2.68) (7.55) Cash inflow from interest on loans 24,572.27 21,057.73 Cash inflow from interest on finance lease 0.04 - Cash inflow from interest and dividend on investments 523.48 445.89 Cash inflow from bank deposits 627.21 644.15 Cash outflow towards finance costs (7,849.83) (8,649.02) Operating profit before working capital changes 14,917.41 10,546.24 Movements in working capital: Decrease/ (increase) in loans (28,483.88) (19,070.05) Decrease/ (increase) in investments (4,038.86) 2,934.33 Decrease/ (increase) in receivables 17.08 34.13 Decrease/ (increase) in bank deposits (5,337.17) 3,155.90 Decrease/ (increase) in other financial assets 493.15 (53.30) Decrease/ (increase) in other non-financial assets 45.70 (70.53) Increase/ (decrease) in payables (0.55) 34.93 Increase/ (decrease) in other financial liabilities excluding lease liabilities 1,699.50 130.46 Increase/ (decrease) in non-financial liabilities 10.64 (64.99) Increase/ (decrease) in other provision (7.64) 35.26 Cash used in operations (20,684.62) (2,387.62) Direct taxes paid (net of refunds) (2,344.80) (1,562.86) Net cash flows from/ (used in) operating activities (A) (23,029.42) (3,950.48) 4sSlM 4 FRN < 107122 W10067 MUMBAI 196.0 ACCC) it.,PTE 0 ‘1) edAcc 0 `)/Vv0\e'
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, Email-secretarial@shriramfinance.in Notes: 2 Standalone statement of cash flows (Rs. in crores) Sr. No. Particulars Half-year ended 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) B. Cash flow from investing activities Purchase of property, plant and equipment (110.68) (106.60) Proceeds from sale of property, plant and equipment 6.73 1.18 Proceeds from sale of non-current assets held for sale/ disposal 3.05 - Purchase of other intangible assets (1.60) (4.19) Investment in subsidiary - (350.12) Net cash generated from/ (used in) investing activities (B) (102.50) (459.73) C. Cash flow from financing activities Proceeds from issue of share capital and share application pending allotment (including share premium) 39,609.36 2.81 Increase/ (decrease) in derivative assets/ liabilities 694.53 (1,120.59) Increase/ (decrease) in deposits (net) 3,114.89 8,633.74 Amount received from debt securities 4,360.00 3,060.00 Repayment of debt securities (12,654.32) (5,573.30) Proceeds/ (repayment) of subordinated debts (0.13) (94.32) Amount received from borrowings other than debt securities 14,969.89 18,639.73 Repayment of borrowings other than debt securities (26,129.49) (26,494.64) Payment of lease liabilities (121.11) (112.83) Dividend paid (1,410.30) (562.71) Net cash generated from/ (used in) financing activities (C) 22,433.32 (3,622.11) Net increase/ (decrease) in cash and cash equivalents (A+B+C) (698.60) (8,032.32) Cash and cash equivalents at the beginning of the year 5,739.01 10,681.33 Cash and cash equivalents at the end of the period 5,040.41 2,649.01 Components of cash and cash equivalents (Rs. in crores) Sr. No. Particulars As at 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) i) Cash on hand 108.83 109.95 ii) Cheques on hand 9.34 12.01 iii) Balances with banks (of the nature of cash and cash equivalents) 945.46 511.58 iv) Bank deposits with original maturity upto three months or less 3,976.89 2,015.47 Gross 5,040.52 2,649.01 Less : Impairment loss allowance 0.11 - Cash and cash equivalent as per balance sheet 5,040.41 2,649.01 a) The above Statement of Cash Flows has been prepared under the indirect method set out in Ind AS 7 - Statement of Cash Flows as specified in the Companies (Indian Accounting Standard), 2015. b) Income tax paid is treated as arising from operating activities and are not bifurcated between investing and financing activities. c) During the six months period ended September 30, 2026, the Company has paid an amount of Rs. 74.30 crores (September 30, 2025: Rs. 98.47 crores) towards Corporate Social Responsibility (CSR). • \sSI ei-Z.N, FRN 107122 W10067 MUNIBAI ACCO fE O (i9 . ,• ed Acc to) Nvi.4
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Notes• 3 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on October 23, 2026. 4 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, 52 and 54 read with Regulation 63(2) of Securities and Exchange Board of India (`SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the `Listing Regulations'). These standalone financial results would be available on the website of the Company (www.shriramlinance.in) and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 5 The Company has applied its material accounting policies in the preparation of this statement consistent with those followed in the standalone financial statements for the year ended March 31, 2026. Any application of directions issued by Reserve Bank of India (RBI) or other regulators are implemented prospectively when they become applicable. 6 The standalone financial results for the quarter and half-year ended September 30, 2026 have been reviewed by the joint statutory auditors, viz. M M NISSIM & CO LLP, Chartered Accountants and G. D. Apte & Co., Chartered Accountants. 7 The Board of Directors at its meeting held on December 19, 2025 approved the issuance of 471,121,055 fully paid-up equity shares of face value of Rs. 2/- each fully paid-up on a preferential basis to MUFG Bank Ltd. ("MUFG"), a company incorporated under the laws of Japan at a price of Rs. 840.93 per share (including a premium of Rs. 838.93 per share) ("Issue Price") for an amount aggregating to Rs. 39,617.98 crores representing 20% of the post issue equity share capital on a fully diluted basis ("Preferential Issue"). An 'Investment Agreement' in this regard was executed between, among others, the Company and MUFG on the same date. The requisite resolutions were approved by the shareholders at the extraordinary general meeting on January 14, 2026. Upon receipt of necessary statutory and regulatory approvals, on April 08, 2026, the Board of Directors of the Company approved the allotment of 471,121,055 fully paid-up equity shares of face value of Rs. 2/- each fully paid-up at an issue price on a preferential basis to MUFG on receipt of the subscription amount of Rs. 39,617.98 crores in terms of the Investment Agreement dated December 19, 2025. Pursuant to the allotment of equity shares, MUFG has become a minority public shareholder of the Company representing 20% equity stake on a fully diluted basis. During the quarter ended June 30, 2026, Rs. 37,451.22 crores of the proceeds were utilised. The balance amount of Rs. 2,166.76 crores was utilised duting the quarter ended September 30, 2026 and accordingly, the entire proceeds of the Preferential Issue stand fully utilised. 8 During the quarter ended September 30, 2026, the Company allotted 129,906 equity shares of face value of Rs. 2/- each fully paid up at an exercise price of Rs. 38.71 per equity share (including premium of Rs. 36.71 per equity share) under Shriram Finance Limited Employee Stock Option Scheme 2023 (No. 1) on various dates. 9 Pursuant to the final equity dividend for the financial year 2025- 26 approved by the shareholders at the 47th Annual General Meeting held on July 10, 2026, the Company paid the final equity dividend of 300% i.e. Rs. 6/- per equity share of face value of Rs. 2/- each fully paid up aggregating to Rs. 14,117,490,768/- (gross) subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders. The record date for the payment of final equity dividend was July 03, 2026. 10 The Board of Directors in their meeting held on October 23, 2026 declared interim dividend of (325%) Rs. 6.50 per equity share of face value of Rs. 2/- each fully paid up for the financial year 2026-27. The record date for the payment of interim dividend is October 29, 2026. The interim dividend will be paid to eligible Members before November 20, 2026, subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders. 11 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes viz. Code on wages 2019, Codes on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from November 21, 2025. The corresponding rules under these codes have been notified by the Central Government on May 08, 2026. The Company continues to monitor the minimum wage rates from the Central Government as well as other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as required. Employee benefits expenses for the year ended March 31, 2026 include incremental impact on gratuity of Rs. 131.71 crores and on long-term compensated absences of Rs. 65.24 crores due to change in definition of wages under the New Labour Codes. \sS1M 4 FRN 107122\ 0 W100672 MUMBAi c.9* [\PTE edAcco FD ACCO ac V
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SIIIIIRAM FINANCE LIMITED CIN: 1,65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramlinance.in Notes: 12 Transaction Costs in the nature of Direct Selling Agent commission mainly pertaining to the Two-Wheeler loans were treated as upfront expenditure, considering the relatively shorter tenure and the overall materiality involved. Consequent to the increase in the estimated Two-Wheeler portfolio, these transaction costs have been considered as a part of cash flows for estimation of effective interest rate (EiR) for loans granted from January 01, 2026. Accordingly, the transaction costs are not treated as an upfront expenditure and have been amortised at EIR over the loan tenure. Consequently, fees and commission expenses and interest income is lower by Rs. 51.50 crores and Rs. 2.52 crores respectively for the year ended on March 31, 2026. The impact of changes in estimates is not material in the opinion of the management. 13 Other income for the half-year ended September 30, 2026, includes gain of Rs. 2.08 crores (gross) on sale of an office premises which was classified as non-current asset held for sale. 14 The Company invoked resolution plans to relieve COVID-19 pandemic related stress to eligible borrowers. The resolution plans were based on the parameters laid down in the resolution policy approved by the Board of Directors of the Company and in accordance with the guidelines issued by the RBI on August 06, 2020 and May 05, 2021. Disclosure format prescribed as per the notification no. RBI/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dated August 06, 2020 and RBI/2021-22/31/DOR.STR.REC.1 1 /21.04.048/2021-22 dated May 05, 2021: (Rs. in crores) Type of borrower (A) (B) (C) (D) (E) Exposure to accounts classified as Standard consequent to implementation of Resolution Plan — Position as at the year ended March 31, 2026 (A) Of (A), aggregate debt that slipped into NPA during the half-year Of (A) amount written off (luring the half-year Of (A) amount paid by the borrowers during the half- year Exposure to accounts classified as Standard consequent to implementation of Resolution Plan — Position as at the half-year ended September 30, 2026 Personal Loans # 34.94 2.48 1.66 11.16 19.64 Corporate persons* - - - Of which, MSMEs - - - Others - - - Total 34.94 2.48 1.66 11.16 19.64 *as defined in Section 3(7) of the Insolvency and Ba ilcruptcy Code, 2016 ilpertains to automobile loans 15 Disclosures pertaining to RBI Direction - RBi/DOR/2025-26/359 DOR.ACC.REC.No.278/21.04.018/2025-26 - Reserve Bank of India (Non -Banking Financial Companies — Financial Statements: Presentation and Disclosures) Directions, 2025 dated November 28, 2025, as amended: (I) Read with RBI Direction - RBI/DOR/2025-26/352 DOR.STR.REC.271/21.04.048 /2025-26 - Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions, 2025. a) The Company has not transferred any loan not in default through assignment during the quarter and half-year ended September 30, 2026. b) Details of loans not in default acquired through assignment during the quarter and half-year ended September 30, 2026. Particulars Quarter ended September 30, 2026 Half-year ended September 30, 2026 Secured loans Unsecured loans Secured loans Unsecured loans Count of loans accounts acquired - 92,791 512 131,524 Amount of loan accounts acquired (Rs. in crores) - 393.09 42.96 573.95 Weighted average maturity (in months) - 21 37 23 Weighted average holding period (in months) - 7 10 8 Retention of beneficial economic interest by the acquirer (%) - 90.00% 90.00% 90.00% Coverage of tangible security - NA 100% NA Rating wise distribution of rated loans - Not Rated Not Rated Not Rated c) The Company has not transferred any stressed loans during the quarter and half-year ended September 30, 2026. d) The Company has not acquired any stressed loans during the quarter and half-year ended September 30, 2026. qtr SIM FRN 107122 W100672 MUM! 0 N kb /tag
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. 't el. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriram finance. in Notes: e) Details of Co-Lending Arrangements (CLA) during the half-year ended September 30, 2026. (i) Co-Lending as Partner RE Sr. No. Particulars Half-year ended September 30, 2026 1 Number of CLAs 6 2 Weighted average rate of interest (per annum) 14.59% 3 Fees charged/ paid (Rs. in crores) 0.00 4 Broad sector in which CLA was made Business loan, Personal Loan, Gold Loan, Commercial Vehicle Loan 5 Performance of loans under CLA ( Rs in crores) Total Disbursement till September 30, 2026 1,344.03 Outstanding* on above Disbursement as on September 30, 2026 26.48 Write Off done till September 30, 2026 9.15 Net NPA as on September 30, 2026 1.68 6 Details related to default loss guarantee Nil *Outstanding as on September 30, 2026 is net of provisions (ii) Co-Lending as Originating RE Sr. No. Particulars Half-year ended September 30, 2026 1 Number of CLAs 2 2 Weighted average rate of interest (per annum) 13.50% 3 Fees charged/ paid (Rs. in crores) 0.25 4 Broad sector in which CLA was made Commercial Vehicle 5 Performance of loans under CLA ( Rs in crores) Total Disbursement till September 30, 2026 324.06 Outstanding* on above Disbursement as on September 30, 2026 159.71 Write Off done till September 30, 2026 2.17 Net NPA as on September 30, 2026 17.64 6 Details related to default loss guarantee Nil *Outstanding as on September 30, 2026 is net of provisions (II) Read with RBI Direction - RBI/DOR/2025-26/357 DOR.STR.REC.276/21.04.048/2025-26 Reserve Bank of India (Non-Banking Financial Companies — Resolution of Stressed Assets) Directions, 2025 and RBI/DOR/2025-26/347 DOR.CRE.REC.No.266/07-01- 008/2025-26 - Reserve Bank of India (Non-Banking Financial Companies— Credit Facilities) Directions, 2025 both dated November 28, 2025, as amended from time to time. The Company has not lent any funds for project finance activities during the quarter and half-year ended September 30, 2026 nor has any recoverable balance as at the same date. 16 Information as required by regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached in Annexure I. 17 The Company's secured non-convertible debentures of Rs. 37,113.00 crores as on September 30, 2026 are secured by specific assets covered under hypothecation loan agreements and by way of exclusive charge and mortgage of immovable property and with a cover of 100% and above as per the terms of issue. As on September 30, 2026 the security cover available in respect of secured non-convertible debt securities is 1.08 times. The security cover certificate as per Regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached as Annexure 2. 18 The Company is primarily engaged in the business of financing and there are no separate reportable segments identified as per Ind AS 108 - Operating segments. The Company operates in a single geographical segment i.e. domestic. 19 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. For Shriram Finance Limited Place: Mumbai Date: October 23, 2026 (-) 143 \sSI M FRN : 1071221 . W100672 MUMBAI PIE Ic "'fop• ed Acc, rr • Parag Sh rma Managin Director and CEO DIN: 029 16744 ACC!
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SHRIRAM FINANCE LIMITED CIN: L65191TNI979PLC007874 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.shriramfinance.in, Email-secretarial@shriramfinance.in Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Annexure I Sr. no. Particulars Standalone Quarter ended Half-year ended Year ended 30.09.2026 (Unaudited) 30.06.2026 (Unaudited) 30.09.2025 (Unaudited) 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) 31.03.2026 (Audited) I Debt-equity ratio (times) 1 2. I2 2.14 3.88 2.12 3.88 3.82 2 Debt service coverage ratio 2 NA NA NA NA NA NA 3 Interest service coverage ratio 2 NA NA NA NA NA NA 4 Outstanding redeemable preference shares (quantity) Nil Nil Nil Nil Nil Nil 5 Outstanding redeemable preference shares (value) (Rs. in crores) Nil Nil Nil Nil Nil Nil 6 Capital redemption reserve (Rs. in crores) 53.88 53.88 53.88 53.88 53.88 53.88 7 Debenture redemption reserve (Rs. in crores) 136.87 136.87 119.02 136.87 119.02 136.87 8 Net worth 3 (Rs. in crores) 110,563.29 108,297.48 60,610.02 110,563.29 60,610.02 65,244.09 9 Net profit after tax (Rs. in crores) 3,677.03 3,444.56 2,307.18 7,121.59 4,462.91 9,998.15 10 Earnings per equity share (not annualised for the interim periods) Basic (Rs.) Diluted (Rs.) 15.63 15.63 14.83 14.82 12.27 12.26 30.46 30.45 23.73 23.71 53.15 53.11 11 Current ratio2 NA NA NA NA NA NA 12 Long term debt to working capital 2 NA NA NA NA NA NA 13 Bad debts to accounts receivable ratio 2 NA NA NA NA NA NA 14 Current liability ratio 2 NA NA NA NA NA NA 15 Total debts 4 to total assets 0.67 0.67 0.78 0.67 0.78 0.78 16 Debtors turnover 2 NA NA NA NA NA NA 17 Inventory turnover 2 NA NA NA NA NA NA 18 Operating margin (%) 2 NA NA NA NA NA NA 19 Net profit margin (%)' 26.65% 25.68% 19.36% 26.17% 19.02% 20.75% 20 Sector specific equivalent ratios 33.24% 4.65% 2.31% 51.48% 303.84% 34.17% 4.64% 2.33% 50.99% 262.54% 20.68% 4.57% 2.49% 46.70% 297.21% 33.24% 4.65% 2.31% 51.48% 303.84% 20.68% 4.57% 2.49% 46.70% 297.21% 20.40% 4.58% 2.33% 50.34% 323.17% Capital adequacy ratio (%)`' Gross NPA ratio (%) 7 Net NPA ratio (%) 8 NPA provision coverage ratio (%) 9 Liquidity coverage ratio (%) in Notes I Debt-equity ratio = (Debt securities + Borrowings (other than debt securities) + Deposits + Subordinated liabilities)/ (Equity share capital + Other equity). 2 The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are generally not applicable as per proviso to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3 Net worth = Total equity - Capital reserve (created due to amalgamation) - Other comprehensive income reserve. 4 Total debts to Total assets = (Debt securities + Borrowings (other than debt securities) + Deposits + Subordinated liabilities)/ Total assets. 5 Net profit margin = Net profit after tax/ (Total income + Exceptional items of income). 6 Capital adequacy ratio = Total capital funds/ Risk weighted assets, calculated as per RBI Direction - RBI/DOR/2025-26/345 DOR.CAP.REC.264/21-01- 002/2025-26 Reserve Bank of India (Non-Banking Financial Companies — Prudential Norms on Capital Adequacy) Directions, 2025 dated November 28, 2025 as amended. 7 Gross NPA ratio (%) = Gross stage 3 loans/ Gross loans. 8 Net NPA ratio (%) = Net stage 3 loans/ (Gross loans - ECL on stage 3 loans) where Net stage 3 loans = Gross stage 3 loans - ECL on stage 3 loans. 9 NPA provision coverage ratio (%) = ECL on stage 3 loans/ Gross stage 3 loans. 10 Liquidity coverage ratio is calculated as per RBI Directions - RBI/DoR/2025-26/355DoR.LRG.REC.No.274/B-10-004/2025-26 - Reserve Bank of India (Non- Banking Financial Companies — Asset Liability Management) Directions, 2025 dated November 28, 2025, as amended. 11 NPA = Non-performing assets. r\ gSlMcgC FRN 107122 W100672 MUMBAI ED ACC cp. ed Mc° oN
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SIIRIRAM FINANCE LIMITED CIN: L651911N1979PLC007874 Regd. Office:Sri Towers. 14A, South Phase. Industrial Estate. Guindy. Chennai - 600 032. Tamil Nadu. Tel. No: +91 44 4852 4666. Fax: +91 44 4852 5666. Websire•wwwshrirarnfinance.in. email-secretarial'itsluiramfinance.in Annexure 2 (Rs. in crorcs) A It C D E F G II I J K I L I M I N I 0 Particulars Description of asset for which this certificate relate Exclusive charge Exclusive charge Pari-passu charge Pari-passu charge Pari-passu charge Debt not hacked by any assets offered us security Assets nut offered as security Elimination (amount in negative) (Total C to II) Related to only those 'tents covered by this certificate Debt for which this certificate being issued Other Secured Debt Debt for as hich this certificate lacing issued Assets shared by pari-passu debt holder (includes debt for which this certificate is issued & other debt with pari- passu charge) Outer assets On which there is ',sari• passu charge (excluding items covered in column F) Debt amount considered more than (lure (due tat exclusive plus pari- passu charge Market value for assets charged on exclusive basis Carrying/ book value for exclusive charge assets where market value is not ascertainable or applicable Market value for pari- passu charge assets Carrying value/book value for pari passu charge assets where market value is nail ascertainable tar applicable Total value (K + L + M + N) Relating tat Column F Book value BOOIC value Yes/ Nu Book value Book value ASSETS Property, plant and equipment Freehold land and building 0.14 - - - - 437.22 - 437.36 1.34 - - - 1.34 Capital work-in-progress - - - - - - - - - - - - - Right of use assets - - - - 751.72 - 751.72 - - - - - Goodwill - - - - - 1,189.45 - 1,189.45 - - - - - Other intangible assets - - - - - 157.37 - 157.37 - - - - - Intangible assets under development - - - - - - - - - - - - - Investments - - - - - 19.172.22 - 19,172.22 - - - - - Loans Loans/ advances given (net of provisions. NPAs and sell down portfolio) 40,052.75 141.393.61 - - - 126.3147.19 - 307,833.55 411,t152.75 - - 41052.75 Inventories - - - - - - - - - - - • Trade receivables - - - - - 37.12 - 37.12 - - - - - Cash and cash equivalents - - - - 5,040.41 - 5,040.41 - - - - - Dank balances other than cash and cash equivalents - - - - - 7,539.62 - 7,539.62 - - - - - Others - - - - - 12373.02 - 12,373.02 - - - - - Total 411,1152.89 141,393.61 - - - 173,085.34 - 354,531.84 1.34 411,052.75 - - 40,054.09 0 \ss1M FRN. B 107122 W100672 MUIvlBAI * 07 co* v1/4PTE ed
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SHRIRAM FINANCE LIMITED CIN: L65 I 9 ITNI979PLC007874 Regd. Office: Sri Towers. I4A. South Phase, Industrial Estate. Guindy. Chennoi - 600 032. Tamil Nadu. Tel. No: +91 44 4852 4666. Fax: +91 44 4052 5666. Website-vvuw.shriranifinance.in. email-seeretariaWshriranifinance.in Aunexure 2 (Rs. in comes) A B C D E F G II I J K I L I M I N I 0 Particulars Description of asset for which this certificate relate Exclusive charge Exclusive charge Pari-passu charge Pari-passti charge Pari-passti charge Debt not backed by any assets offered as security Assets not offered as security Elimination (amount ill negative) (Total C to II) Related to only those items covered by this certificate Debt for which this certificate being issued Other Secured Debt Debt for which this certificate being issued Assets shared by pari-passu debt holder (includes debt for which this certificate is issued & other debt with part- passu charge) as Other sets on which there is part- passu charge (excluding items covered in column F) Debt amount considered nuke than once (due to exclusive plus pad- 'lasso charge Market value for assets charged on exclusive basis Carrying/ hook value for exclusive charge assets where market value is not ascertainable or applicable Market value for pari- passii charge assets Carrying value/ braik value for pad. passu charge assets where market value is not ascertainable or applicable Total value (K + L + M + N) Relating ti Column F Bock value Book value Yes/ No Book value Book value LIABILITIES Debt securities to which this certificate pertains 37.113.1)0 - Yes - - - - - 37,113.110 - - - - - Other debt sharing pari-passu charge with above debt - - • - - - - - - - - - Oilier debt 7,810.89 - - - - - 7,810.89 - - - - - Subordinated debt - - - 2.471.19 - 2,471.19 .. - - - - Borrowings 115.277.39 - - - - 115,277.39 - - ' - - Bank - - - - - - - - - - Debt securities - - - - - - - - - • Deposits - - - 73,598.46 - 73,598.46 - • - - Trade payables - - - - 331.79 • 331.79 - - - - • Lease liabilities • - - - 860.89 - 060.09 - - - - • Provisions - - - - 449.65 - 449.65 - - - - • Others - - - - 5.-112.00 - 5,-112.80 - - - - - Total 37,113.1)1) 123,1)08.28 - - - 83,12-1.78 - 243,326.06 - - - - - Cover MI book value 1.08 Cover fi ll market value Exclusive security cover ratio 1.00 Pari-passe security cover ratio - Notes: 1. We confine dint the Company has complied with the covenants mentioned in the disclosure documents of the secured redeemable non-convenible debentures for the quarter ended September 30. 2)126. 2. Market value of assets charged on exclusive basis not ascertained as security provided is in the form of book debt receivables. 3. The market value of Rs. 0.1)1 crorc of the freehold land is on the basis of certified valuation done on April 28, 2025. 4. The market value of Rs. 1.33 crorc of the building is on the basis of certified valuation done on April 28. 21)25. 0 PTE :Ls \SSIM .Z * FRN 107122 < co. O 0 W100672 * -k- MUMBAI to ACC0 red Acc
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M M NISSIM & CO LLP Chartered Accountants G. D. Apte & Co. Chartered Accountants Barodawala Mansion, B wing, 3rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai 400018 GDA. House, Plot No. 85, Right Bhusari Colony, Paud Road, Kothrud, Pune- 411 038 Independent auditor's review report on Unaudited Consolidated Quarterly Financial Results of Shriram Finance Limited for the quarter and half year ended September 30, 2026, pursuant to Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To The Board of Directors of Shriram Finance Limited 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Shriram Finance Limited (the 'Holding Company') and its subsidiary (the Holding Company and its subsidiary together referred to as the 'Group'), and its share of the net profit after tax and total comprehensive income of its associate for the quarter and half year ended September 30, 2026 ("the Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Securities and Exchange Board of India ("the SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Holding Company's Management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013 ("the Act") as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, and in compliance with Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 - 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India ("ICAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of Holding Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Act, and consequently does not enable us to obtain assurance that we would \sS M FRN 10712 W100672 MUMBAI O rq Page 1 of 3 7p,P (C79 O FO ACC ed Act
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M M NISSIM & CO LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular No. CIR/CED/CMD/ 44/ 2019 dated March 29, 2019, issued by the SEBI under Regulation 33 (8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the financial results/information of the following entities: Name of the entity Relationship Shriram Finance Limited Holding Company Shriram Overseas Investments Limited (SOIL) Subsidiary Shriram Automall India Limited (SAMIL) Associate 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the Ind AS 34 prescribed under Section 133 of the Act, as amended read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33, Regulation 52 and Regulation 54 read with Regulation 63(2) of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim consolidated financial results for the quarter and half year ended September 30, 2026 of the subsidiary included in the unaudited consolidated financial results, whose interim consolidated financial results shows total assets of ₹ 359.42 crores as on September 30, 2026, total income of ₹ 6.27 crores and ₹ 12.66 crores and net profit/ (loss) after tax of ₹ 0.33 crores and ₹ 3.01 crores, for the quarter and half year ended September 30, 2026 respectively and cash inflow/ (outflow) of ₹ (1.86) crores for the half year ended September 30, 2026 as considered in the unaudited consolidated financial results. Those interim consolidated financial results have been reviewed by other auditor whose report has been furnished to us by the Management of the Company. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the subsidiary, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. \sS1M 4 FRN : 107122V W1006 2 MUMBAI 4to ACC O t,PTE CY * 9s) % red Acv3 9 * 0 rt, Page 2 of 3
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M M NISSIM & CO LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants The Statement also includes the Group's share of net profit after tax of ₹ 6.47 Crores and ₹11.98 crores and other comprehensive income/ (loss) of ₹ 0.17 Crores and ₹ (0.12) crores for the quarter and half year ended September 30, 2026, respectively as considered in the Statement, in respect of the Associate. The interim financial information of the Associate has been reviewed by other auditor whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this associate, is based solely on the report of the other auditor and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of these matters. For M M NISSIM & CO LLP Chartered Accountants Firm Registration Number: 107122W/W100672 Manish Singhania Partner Membership No.: 155411 ICAI UDIN: 26155411FCNEJJ7325 Mumbai October 23, 2026 /7/7'....\ (a Fc31.R N : :.(" \\N * 107122W/ -° n W100672 ,k. i -i- MUMBAI 6-0 ACC For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W Umesh S. Abhyankar Partner Membership No.: 113053 ICAI UDIN: 26113053RNQSLA9652 Mumbai October 23, 2026 -5 psPTE oc/Acc Page 3 of 3
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SIIRIRAM FINANCE LIMITED C1N: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shrirainfinance.in, email-secretarial@shriranifinance.in STATEMENT OF UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF -YEAR ENDED SEPTEMBER 30, 2026 (Rs. in crores) Sr. No. Particulars Quarter ended Half -year ended Year ended 3(1.09.2026 (Unaudited) 30.06.2026 (Unaudited) 30.09,2025 (Unaudited) 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) 31.03.2026 (Audited) Revenue from operations (i) Interest income (Refer note 12) 13,385.84 12,916.27 11,551.41 26,302.11 22,724.96 46,657.82 (ii) Dividend income 1.81 - 1.84 1.81 1.84 1.84 (iii) Fees and commission income 146.49 127.37 109.67 273.86 209.30 493.87 (iv) Net gain on fair value changes 69.75 185.47 97.39 255.22 232.41 354.95 (v) Other operating income 188.59 171.32 152.13 359.91 280.25 624.47 (I) Total revenue from operations 13,792.48 13,40(1.43 11,912.44 27,192.91 23,448.76 .18,132.95 (II) Other income (Refer note 13) 9.36 18.31 8.89 27.67 15.01 59.70 (III) Total income (I+11) 13,801.84 13,418.74 11,921.33 27,220.58 23,463.77 48,192.65 Expenses (i) Finance costs 4,964.90 5,204.45 5,524.83 10,169.35 10,925.59 21,521.02 (ii) Fees and commission expenses (Refer note 12) 90.99 118.07 166.88 209.06 309.19 596.54 (iii) Impairment on financial instruments 1,877.40 1,463.26 1,333.33 3,340.66 2,618.90 5,338.95 (iv) Employee benefits expenses (Refer note 11) 1,085.48 1,144.33 945.33 2,229.81 1,922.70 4,130.72 (v) Depreciation, amortisation and impairment 179.92 182.79 174.50 362.71 347.61 698.90 (vi) Other expenses 670.81 680.12 663.50 1,350.93 1,320.59 2,606.33 (IV) Total expenses 8,869.50 8,793.02 8,808.37 17,662.52 17,444.58 34,892.46 (V) Profit before exceptional items and tax (III - IV) 4,932.34 4,625.72 3,112.96 9,558.06 6,019.19 13,300.19 (VI) Exceptional items (net) - - - - - - (VII) Profit before tax from continuing operations (V + VI) 4,932,34 4,625.72 3,112.96 9,558.06 6,019.19 13,300.19 (VIII) Tax expense: (I) Current tax 1,536.22 1,397.56 1,030.20 2,933.78 2,009.55 4,160.81 (2) Deferred tax (281.22) (219.10) (227.04) (500.32) (455.4I) (864.82) (IX) Profit for the period/ year from continuing operations (VII - VIII) 3,677.34 3,447.26 2,309.80 7,124.60 4,465.05 10,004.20 (X) Share of profit/ (loss) of associate 6.47 5.51 4.41 11.98 8.60 20.50 (X1) Net profit after taxes from continuing operations and share of profit/ (loss) of associate (IX+X) 3,683.81 3,452.77 2,314.21 7,136.58 4,473.65 10,024.70 Discontinued operations: (Refer note 14 and 18) Profit/ (loss) from sale of step-down subsidiary - - - - - (0.51) Profit/ (loss) before tax from discontinued operations - (0.05) - (0.10) (0.04) Less : Tax expenses of discontinued operations - - - (XII) Net profit after tax/ (loss) for the period/ year from discontinued operations - - (0.05) - (0.10) (0.55) (XIII) Net profit after tax for the period/year from total operations (XI + XII) 3,683.81 3,452.77 2,314.16 7,136.58 4,473.55 10,024.15 Other comprehensive income (A) (i) Items that will not be reclassified to profit or loss Remeasurement gain/ (loss) on defined benefit plan (7.07) (24.90) 3.09 (31.97) (4.92) 43.44 Gain/ (loss) on fair valuation of quoted investments in equity shares (6.06) (13.86) 3.07 (19.92) 4.30 12.77 Share of other comprehensive income from associates 0.23 (0.39) 0.07 (0.16) (0.72) (0.85) (ii) Income tax relating to items that will not be reclassified to profit or loss 2.65 8.24 (2.40) 10.89 (0.69) (11.45) Tax on share of other comprehensive income from associates (0.06) 0.10 (0.02) 0.04 0.18 0.21 Subtotal (A) (10.31) (30.81) 3,81 (41.12) (1.85) 44.12 (B) (i) Items that will be reclassified to profit or loss Cash flow hedge reserve Gain/ (loss) on effective portion of hedging instruments in a cash flow hedge 398.60 (101.05) 241.18 297.55 298.42 1,128.02 (ii) Income tax relating to items that will be reclassified to profit or loss (100.32) 25.43 (60.70) (74.89) (75.11) (283.90) Subtotal (B) 298.28 (75.62) 180.48 222.66 223.31 844.12 (XI V) Other comprehensive income for the period/ year (A + B) 287.97 (106.43) 184.29 181.54 221.46 888.24 (XV) Total comprehensive income for the period/ year (XIII+XIV) 3,971.78 3,346.34 2,498.45 7,318.12 4,695.01 10,912.39 (XVI) Profit/ (loss) for the period/ year attributable to - Owners of the compiuty 3,683.81 3,452.77 2,314.17 7,136.58 4,473.57 10,024.16 - Non - controlling interests - - (0.01) - (0.02) (0.01) (XVII) Other comprehensive income/ (loss) for the period/ year attributable to - Owners of the company 287.97 (106.43) 184.29 181.54 221.46 888.24 - Non - controlling interests - - - - - (XVIII) Total comprehensive income/ (loss) for (lie period/ year attributable to - Owners of the company 3,971.78 3,346.34 2,498.46 7,318.12 4,695.03 10,912.40 - Non - controlling interests - - (0.01) - (0.02) (0.01) (XIX) Paid-up equity share capital (Face value Rs. 2/- per share) 470.61 470.58 376,20 470.61 376.20 376.31 (XX) Other equity 65,542.28 (XXI) Earnings per equity share (Not annualised for the interim periods) Continuing operations: Basic (Rs.) 15.66 14.86 12.30 30.52 23.79 53.29 Diluted (Rs.) 15.66 14.85 12.29 30.51 23.76 53.25 Discontinued operations: Basic (Rs.) - - (0.00) - (0.00) (0.00) Diluted (Rs.) - - (0.00) - (0.00) (0.00) Total operations: Basic (Rs.) 15.66 14.86 12.30 30.52 23.79 53.29 Diluted (Rs.) 15.66 14.85 12.29 30.51 23.76 53.25 a FRN 107122 W100672 MUMUAI PYTE O eo ACC N
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chcnnai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shrirainfinance.in Notes: 1 Statement of consolidated assets and liabilities (Rs. in crores) Sr. No. Particulars As at 30.09.2026 (Unaudited) 31.03.2026 (Audited) (1) ASSETS Financial assets (a) Cash and cash equivalents 5,043.35 5,743.79 (b) Bank balance other than (a) above 7,539.62 2,197.31 (c) Derivative financial instruments 4,031.83 4,684.06 (d) Receivables (I) Trade receivables 37.12 51.78 (II) Other receivables - - (e) Loans 307,833.55 282,452.44 (1) Investments 19,396.96 14,993.05 (g) Other financial assets 2,840.60 3,335.40 Total financial assets 346,723.03 313,457.83 (2) Non-financial assets (a) Current tax assets (net) 423.67 604.38 (b) Deferred tax assets (net) 4,700.24 4,263.92 (c) Property, plant and equipment 1,189.64 1,108.99 (d) Goodwill 1,189.45 1,189.45 (e) Other intangible assets 157.39 336.96 (I) Other non-financial assets 378.69 407.01 Total non-financial assets 8,039.08 7,910.71 (3) Non-current assets held for sale/ disposal - 0.97 Total assets (1+2+3) 354,762.11 321,369.51 (1) LIABILITIES AND EQUITY Liabilities Financial liabilities (a) Derivative financial instruments 102.07 59.77 (b) Payables (I) Trade payables (i) total outstanding dues of micro enterprises and small enterprises 3.35 5.65 (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 328.51 326.77 (II) Other payables (i) total outstanding dues of micro enterprises and small enterprises - - (ii) total outstanding dues of creditors other than micro enterprises and small enterprises 1.04 2.49 (c) Debt securities 44,923.89 52,873.19 (d) Borrowings (other than debt securities) 115,278.43 125,919.86 (e) Deposits 73,598.46 69,480.34 (I) Subordinated liabilities 2,471.19 2,418.57 (g) Other financial liabilities 5,153.76 3,367.12 Total financial liabilities 241,860.70 254,453.76 (2) Non-financial liabilities (a) Current tax liabilities (net) 809.77 402.42 (b) Provisions 449.89 397.99 • (c) Other non-financial liabilities 207.42 196.75 Total non-financial liabilities 1,467.08 997.16 (3) Total liabilities (1+2) 243,327.78 255,450.92 (4) Equity (a) Equity share capital 470.61 376.31 (b) Other equity 110,963.72 65,542.28 Total equity 111,434.33 65,918.59 Total liabilities and equity (3+4) 354,762.11 321,369.51 c-) "1! \sSiM FRN : 107122' W100672 MUMBAI 0 0 cD ACC ed Act
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SHRIRAM FINANCE LIMITED ON: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Notes: 2 Consolidated statement of cash flows Rs in crores Sr. No. Particulars Half-year ended 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) A. Cash flow from operating activities Profit before tax from continuing operations 9,558.06 6,019.19 Profit before tax from discontinued operations - (0.10) Adjustments for: Depreciation, amortisation and impairment 362.71 347.61 Interest on income tax refund - (0.05) Share-based payments to employees 23.81 7.35 Interest income on loans (24,811.12) (21,515.53) Interest income on finance lease (0.05) - Interest income from investments (644.78) (501.43) Interest income on deposits (630.20) (610.94) Interest others (0.01) - Finance costs on borrowings 10,067.85 10,888.13 Interest on lease liabilities 37.86 33.50 Loss/ (profit) on sale of property plant and equipments (net) 3.65 2.46 Gain on sale of non-current assets held for sale/ disposal (2.08) - Dividend income (1.81) (1.84) Impairment on loans 3,341.63 2,498.41 Impairment on investments (4.59) 14.85 Impairment on undrawn loan commitment 3.69 110.41 Impairment on other assets (0.07) (4.77) Non-cash components of lease liabilities (10.42) (7.24) Net (gain)/ loss on fair value changes on investment (252.54) (224.86) Net (gain)/ loss on fair value changes on direct assignment (2.68) (7.55) Cash inflow from interest on loans 24,572.27 21,058.16 Cash inflow from interest on finance lease 0.04 - Cash inflow from interest and dividend on investments 535.64 446.06 Cash inflow from bank deposits 627.21 644.17 Cash outflow towards finance costs (7,850.07) (8,649.06) Operating profit before working capital changes 14,924.00 10,546.93 Movements in working capital: Decrease/ (increase) in loans (28,483.88) (19,040.05) Decrease/ (increase) in investments (4,043.88) 2,657.74 Decrease/ (increase) in receivables 16.89 34.13 Decrease/ (increase) in bank deposits (5,337.17) 3,155.90 Decrease/ (increase) in other financial assets 493.15 (53.43) Decrease/ (increase) in other non-financial assets 44.86 (71.19) Increase/ (decrease) in payables (0.51) 35.09 Increase/ (decrease) in other financial liabilities excluding lease liabilities 1,699.51 130.51 Increase/ (decrease) in non-financial liabilities 10.67 (64.82) Increase/ (decrease) in other provision (7.58) 35.46 Cash used in operations (20,683.94) (2,633.73) Direct taxes paid (net of refunds) (2,345.71) (1,563.96) Net cash flows from/ (used in) operating activities (A) (23,029.65) (4,197.69) B. Cash flow from investing activities Purchase of property, plant and equipment (111.13) (106.60) Proceeds from sale of property, plant and equipment 6.73 1.18 Proceeds from sale of non-current assets held for sale/ disposal 3.05 - Purchase of other intangible assets (1.62) (4.19) Investment in subsidiary - (50.12) Cash flow from discontinued operations of investing nature - (0.16) Net cash generated from/ (used in) investing activities (B) (102.97) (159.89) \sst M FRN • 107122 W100672 MUMBAI CD* 01 .E co 4'O ACCT d Acc
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shrirainfinance.in, email-secretarial@shriramfinance.in Notes: 2 Consolidated statement of cash flows Rs in crores) Sr. No. Particulars IlaIf-year ended 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) C. Cash flow from financing activities Proceeds from issue of share capital and share application pending allotment 39,609.36 2.81 (including share premium ) Increase/ (decrease) in derivative assets/ liabilities 694.53 (1,120.59) Increase/ (decrease) in deposits (net) 3,114.89 8,633.74 Amounts received from debt securities 4,360.00 3,060.00 Repayments of debt securities (12,654.32) (5,573.30) Proceeds/ (repayment) of subordinated debts (0.13) (94.32) Amounts received from borrowings other than debt securities 15,469.89 18,639.73 Repayments of borrowings other than debt securities (26,630.53) (26,494.64) Payment of lease liabilities (121.21) (112.88) Dividend paid (1,410.30) (562.71) Cash flow from discontinued operations of financing nature - (0.81) Net cash flows from financing activities (C) 22,432.18 (3,622.97) Net increase in cash and cash equivalents (A+B+C) (700.44) (7,980.55) Cash and cash equivalents at the beginning of the year 5,743.79 10,683.22 Less: Cash and cash equivalents of discontinued operations - (0. 11) Cash and cash equivalents at the end of the period 5,043.35 2,702.56 Components of cash and cash equivalents (Rs in crores) Sr. No. Particulars As at 30.09.2026 (Unudited) 30.09.2025 (Unudited) i) Cash on hand 108.83 109.95 ii) Cheques on hand 9.34 12.01 iii) Balances with banks (of the nature of cash and cash equivalents) 948.40 516.13 iv) Call money (CBLO) - 49.00 v) Bank deposits with original maturity upto three months or less 3,976.89 2,015.47 Gross 5,043.46 2,702.56 Less: Impairment loss allowance 0.11 - Cash and cash equivalents as per balance sheet 5,043.35 2,702.56 a) The above Statement of Cash Flows has been prepared under the indirect method set out in Ind AS 7 - Statement of Cash Flows as specified in the Companies (Indian Accounting Standard), 2015. The figures of erstwhile step-down subsidiary BIPL, included in above statement under respective discontinued operations, are pertaining to period from May 09, 2025 upto September 30, 2025. b) Income tax paid is treated as arising from operating activities and are not bifurcated between investing and financing activities. c) During the six months period ended September 30, 2026, the Company has paid an amount of Rs. 74.30 crores (September 30, 2025: Rs. 98.47 crores) towards Corporate Social Responsibility (CSR). d) As per Section 135 of the Companies Act, 2013, Shriram Overseas Investments Limited [now renamed as Shriram Gilts Limited w.e.f. October 15, 2026] is required to spend Rs. 0.11 crores on CSR activities for the financial year 2026-27. During the reporting period, no expenditure has been incurred on CSR activities. The same will be assessed for final statutory transfer obligations at the end of the financial year. PTE • -IN \sSIM 4 FRN : * 107122 s W10067 -o CD' 0) ;1:1 -5) MUN1BAI V v "Peo Acco (lc/Act
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SHRIRAM FINANCE LIM I TED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 O52 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Notes: 3 The above results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors in their respective meetings held on October 23, 2026. 4 The consolidated financial results (the 'Statement' or 'Results') of Shriram Finance Limited (the 'Parent' or the 'Company') and its subsidiary (the Parent and its subsidiary together referred to as 'the Group') and its associate Shriram Automall India Limited, 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, 52 and 54 read with Regulation 63(2) of Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the `Listing Regulations'). The entities consolidated in the results of the Company are as under - Name of the Company % Shareholding and voting power of Shriram Finance Limited Consolidated as Shriram Overseas Investments Limited [now renamed as Shriram Gilts Limited] (Refer note 15) 100% Subsidiary (from May 09, 2025) Bharath Investment Pte. Ltd ('BIPL') 81.63%* Step-down subsidiary (w.e.f. May 09, 2025 to March 11, 2026) Armour Insurance Services WLL 40.00%** Associate of step-down subsidiary (w.e.f. May 09, 2025 to March 11, 2026) Shriram Automall India Limited ('SAMIL') 44.56% Associate *Held by Shriram Overseas Investments Limited [now renamed as Shriram Gilts Limited w.e.f. October 15, 2026] **Held by BIPL These consolidated financial results would be available on the website of the Company (www.shriramfinance.in) and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com). 5 The Company has applied its material accounting policies in the preparation of this statement consistent with those followed in the consolidated financial statements for the year ended March 31, 2026. Any application of directions issued by Reserve Bank of India (RBI) or other regulators are implemented prospectively when they become applicable. 6 The consolidated financial results for the quarter and half-year ended September 30, 2026 have been reviewed by the joint statutory auditors, viz. M M NISSIM & CO LLP, Chartered Accountants and G. D. Apte & Co., Chartered Accountants. 7 The Board of Directors at its meeting held on December 19, 2025 approved the issuance of 471,121,055 fully paid-up equity shares of face value of Rs. 2/- each fully paid-up on a preferential basis to MUFG Bank Ltd. ("MUFG"), a company incorporated under the laws of Japan at a price of Rs. 840.93 per share (including a premium of Rs. 838.93 per share) ("Issue Price") for an amount aggregating to Rs. 39,617.98 crores representing 20% of the post issue equity share capital on a fully diluted basis ("Preferential Issue"). An 'Investment Agreement' in this regard was executed between, among others, the Company and MUFG on the same date. The requisite resolutions were approved by the shareholders at the extraordinary general meeting on January 14, 2026. Upon receipt of necessary statutory and regulatory approvals, on April 08, 2026, the Board of Directors of the Company approved the allotment of 471,121,055 fully paid-up equity shares of face value of Rs. 2/- each fully paid-up at an issue price on a preferential basis to MUFG on receipt of the subscription amount of Rs. 39,617.98 crores in terms of the Investment Agreement dated December 19, 2025. Pursuant to the allotment of equity shares, MUFG has become a minority public shareholder of the Company representing 20% equity stake on a fully diluted basis. During the quarter ended June 30, 2026, Rs. 37,451.22 crores of the proceeds were utilised. The balance amount of Rs. 2,166.76 crores was utilised during the quarter ended September 30, 2026 and accordingly, the entire proceeds of the Preferential Issue stand fully utilised. p,PTE FRN • 107122 W100672 MUMBAI RFD ACC, euAcc,o N> 'V
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Notes: 8 During the quarter ended September 30, 2026, the Company allotted 129,906 equity shares of face value of Rs. 2/- each fully paid up at an exercise price of Rs. 38.71 per equity share (including premium of Rs. 36.71 per equity share) under Shriram Finance Limited Employee Stock Option Scheme 2023 (No. I) on various dates. 9 Pursuant to the final dividend for the financial year 2025-26 approved by the shareholders at the 47th Annual General Meeting held on July 10, 2026, the Company paid the final dividend of (300%) Rs. 6/- per equity share of face value of Rs. 2/- each fully paid up aggregating to Rs. 14,117,490,768/- (gross) subject to deduction of tax at source as per the applicable rate(s) to all the eligible shareholders. The record date for the payment of final equity dividend was July 03, 2026 and the payment was made on July 21, 2026. 10 The Board of Directors in their meeting held on October 23, 2026 declared interim dividend of (325%) Rs. 6.50 per equity share of face value of Rs. 2/- each fully paid up for the financial year 2026-27. The record date for the payment of interim dividend is October 29, 2026. The interim dividend will be paid to eligible Members before November 20, 2026, subject to deduction of tax at source as per the applicable rate(s) to the eligible shareholders. 11 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes viz. Code on wages 2019, Codes on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working Condition Code 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from November 21, 2025. The corresponding rules under these codes have been notified by the Central Government on May 08, 2026. The Group continues to monitor the minimum wage rates from the Central Government as well as other aspects of the New Labour Codes and would provide appropriate accounting effect on the basis of such developments as required. Employee benefits expenses for the year ended March 31, 2026 include incremental impact on gratuity of Rs. 131.73 crores and on long-term compensated absences of Rs. 65.26 crores due to change in definition of wages under the New Labour Codes. 12 Transaction costs in the nature of Direct Selling Agent commission mainly pertaining to the Two-Wheeler loans were treated as upfront expenditure, considering the relatively shorter tenure and the overall materiality involved. Consequent to the increase in the estimated Two-Wheeler portfolio, these transaction costs have been considered as a part of cash flows for estimation of effective interest rate (EIR) for loans granted from January 01, 2026. Accordingly, the transaction costs are not treated as an upfront expenditure and have been amortised at EIR over the loan tenure. Consequently, fees and commission expenses and interest income is lower by Rs. 51.50 crores and Rs. 2.52 crores respectively for the year ended on March 31, 2026. The impact of changes in estimates is not material in the opinion of the management. 13 Other income for the half-year ended September 30, 2026, includes gain of Rs. 2.08 crores (gross) on sale of an office premises which was classified as non-current asset held for sale. 14 The Board of Directors of Shriram Overseas Investments Limited (now renamed as Shriram Gilts Limited) in its meeting held on May 12, 2025 had approved sale of entire 81.63% stake in its subsidiary - BIPL. Post receipt of requisite regulatory approvals, it has transferred 755,146 equity shares of BIPL to the Purchaser for a consideration of Rs. 1.58 crores on March 11, 2026. Consequently, BIPL ceased to be a step-down subsidiary of the Company with effect from March 11, 2026 and the resultant loss of Rs. 0.51 crores has been presented under discontinued operations. 15 On October 15, 2026, the name of the Company's wholly owned subsidiary, Shriram Overseas Investments Limited was changed to Shriram Gilts Limited pursuant to the approval of Ministry of Corporate Affairs and No objection received from RI3l for the same. The change in name has no impact on the financial results of the Company. 16 Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is attached in Annexure 1. 17 The Company, its subsidiary and associate are primarily engaged in the business of financing and other incidental facilitating activities. Accordingly, there are no separate reportable segments identified as per Ind AS 108 - Operating segments. c, \SSIM 4 FRN 107122 W100672 MUMBAI PP E to AGO) Nd \
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SHRIRAM FINANCE LIMITED CIN: L65191IN1979PLC007874 Regd. Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Notes: 18 Summary results of the discontinued operations ('BIPL') are given below - (Refer note no 14) (Rs. in crores) Sr. No. Particulars Period ended 01.07.2025 to 30.09.2025 (Unaudited) 09.05.2025 to 30.09.2025 (Unaudited) 09.05.2025 to 11.03.2026 (Audited) I Revenue from operations - - 0.45 2 Other income - - - 3 Total income (1+2) - - 0.45 4 Total expenses 0.04 0.05 0.23 5 Profit/ (loss) before tax from discontinued operations (3-4) (0.04) (0.05) 0.22 6 Tax expense - - - 7 Profit/ (loss) after tax from discontinued operations (5-6) (0.04) (0.05) 0.22 8 Share of profit/ (loss) of associate (0.01) (0.05) (0.26) 9 Total profit/ (loss) after tax from discontinued operations (7+8) (0.05) (0.10) (0.04) 10 Profit/ (loss) from sale of step-down subsidiary - - (0.51) I 1 Other comprehensive income from discontinued operations - - - 12 Total comprehensive income from discontinued operations (9+10+11) (0.05) (0.10) (0.55) 19 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 period under report. For Shriram Finance Limited Place: Mumbai Date: October 23, 2026 ••• S 1 M FRN : 107122W W100672 MUMBAI ACC° 0 4) T E co* * * C). ed Act * 4) Parag Shar a Managing irector and CEO DIN: 02916744
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SIIRIRAM FINANCE LIMITED CIN: L6519 I TN1979PLC007874 Regd. Office: Sri Towers, I4A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Information as required by Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Annexure 1 Sr. No. Particulars Consolidated Quarter ended Half -year ended Year ended 30.09.2026 (Unaudited) 30.06.2026 (Unaudited) 30.09.2025 (Unaudited) 30.09.2026 (Unaudited) 30.09.2025 (Unaudited) 31.03.2026 (Audited) 1 Debt-equity ratio (times) I 2.12 2.14 3.87 2.12 3.87 3.80 2 Debt service coverage ratio 2 NA NA NA NA NA NA 3 Interest service coverage ratio 2 NA NA NA NA NA NA 4 Outstanding redeemable preference shares (Quantity) Nil Nil Nil Nil Nil Nil 5 Outstanding redeemable preference shares (Value) (Rs. in crores) Nil Nil Nil Nil Nil Nil 6 Capital redemption reserve (Rs. in crores) 53.88 53.88 53.88 53.88 53.88 53.88 7 Debenture redemption reserve (Rs. in crores) 136.87 136.87 119.02 136.87 119.02 136.87 8 Net worth3 (Rs. in crores) 110,793.21 108,520.62 60,810.17 110,793.21 60,810.17 65,459.01 9 Net profit after tax (Rs. in crores) 3,683.81 3,452.77 2,314.16 7,136.58 4,473.55 10,024.15 10 Earnings per equity share (Not annualised for the interim periods) Basic (Rs.) Diluted (Rs.) 15.66 15.66 14.86 14.85 12.30 12.29 30.52 30.51 23.79 23.76 53.29 53.25 11 Current ratio 2 NA NA NA NA NA NA 12 Long term debt to working capital 2 NA NA NA NA NA NA 13 Bad debts to accounts receivable ratio 2 NA NA NA NA NA NA 14 Current liability ratio 2 NA NA NA NA NA NA 15 Total debts 4 to Total assets 0.67 0.67 0.78 0.67 0.78 0.78 16 Debtors turnover 2 NA NA NA NA NA NA 17 Inventory turnover 2 NA NA NA NA NA NA 18 Operating margin (%)2 NA NA NA NA NA NA 19 Net profit margin (%) 5 26.69% 25.73% 19.41% 26.22% 19.07% 20.80% 20 Sector specific equivalent ratios Capital adequacy ratio (%) 6 NA NA NA NA NA NA Gross NPA ratio (%) 7 NA NA NA NA NA NA Net NPA ratio (%)' NA NA NA NA NA NA NPA provision coverage ratio (%) 9 NA NA NA NA NA NA Liquidity coverage ratio (%) I0 NA NA NA NA NA NA Notes I. Debt-equity ratio = (Debt securities + Borrowings (other than debt securities) + Deposits + Subordinated liabilities)/ (Equity share capital + Other equity). 2. The Company is registered under the Reserve Bank of India Act, 1934 as Non-Banking Financial Company, hence these ratios are generally not applicable as per proviso to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. 3. Net worth = Total equity - Capital reserve (created due to amalgamation) - Other comprehensive income reserve. 4. Total debts to Total assets = (Debt securities + Borrowings (other than debt securities) + Deposits + Subordinated liabilities)/ Total assets. 5. Net profit margin = Net profit after tax of Continuing operations/ (Total Income of Continuing operations + Exceptional items of income). 6. Capital adequacy ratio = Total capital funds/ Risk weighted assets, calculated as per RBI Direction - RBI/DOR/2025-26/345 DOR.CAP.REC.264/21-01-002/2025-26 Reserve Bank of India (Non-Banking Financial Companies — Prudential Norms on Capital Adequacy) Directions, 2025 dated November 28, 2025 as amended. 7. Gross NPA ratio (%) = Gross stage 3 loans/ Gross Loans. 8. Net NPA ratio (%) = Net stage 3 loans/ (Gross loans - ECL on stage 3 loans) where Net stage 3 loans = Gross stage 3 loans - ECL on stage 3 9. NPA Provision coverage ratio (%) = ECL on stage 3 loans/ Gross stage 3 loans. 10. Liquidity coverage ratio is calculated as per RBI Directions - RBI/DoR/2025-26/355DoR.LRG.REC.No.274/1310-004/2025-26 - Reserve Bank of India (Non-Banking Financial Companies — Asset Liability Management) Directions, 2025 dated November 28, 2025, as amended. NPA = Non-performing Assets. \sS1M FRN : Z * 107122. * 0 W100672 co --s: MUMBAI CD ACC cp• ft/AGO 0 A (I)
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M M NISSIM & CO LLP Chartered Accountants Barodawala Mansion, B wing, 3rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai 400018 The Board of Directors Shriram Finance Limited 3rd Floor, West Wing, Wockhardt Towers Bandra Kurla Complex Bandra East, Mumbai 400051, India G. D. Apte & Co. Chartered Accountants GDA House, Plot No. 85, Right Bhusari Colony, Paud Road, Kothrud, Pune 411 038 Independent Auditor's certificate on Security Cover as at September 30, 2026 Dear Sir, 1. This Certificate is issued in accordance with the terms of our Engagement Letter dated July 30, 2026, as the Joint Statutory Auditors of Shriram Finance Limited (the "NBFC" or "Company"). 2. Pursuant to Master Circular no. HO/17/11/12(2)2026-DDHS-POD1/I/ 22420/ 2026 dated September 28, 2026 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 15(1)(t) of the Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, as amended from time to time, (together referred to as the "Regulations"), the Company is required to submit to BSE Limited and the National Stock Exchange of India Limited (Stock Exchanges) and its Debenture Trustees a certificate regarding maintenance of Security Cover. 3. The Company has raised money through issue of Non -Convertible Debentures ("NCDs"), which have been listed on the recognised Stock Exchanges. 4. Accordingly, we, as Joint Statutory Auditors of the Company, have been requested by the Company to examine the accompanying "Statement of Security Cover as on September 30, 2026 from column A to J, L and N" (the "Statement"). The accompanying Statement has been prepared by the Management of the Company from the unaudited financial statements, unaudited books of accounts and other relevant records maintained by the Company. Management's Responsibility 5. The preparation of the Statement is the responsibility of the Management of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 6. Management of the Company is also responsible for ensuring that the Company complies with all the relevant requirements of the Regulations and for providing all relevant information to the Debenture Trustees. \sslM FRN : 107122W / W10067 RAE, c G(04 0 PTE Pod AccP Page 1 of 4
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M M Nissim & Co LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants Auditor's Responsibility 7. Our responsibility is to provide limited assurance as to whether anything has come to our attention that. causes us to believe that the particulars contained in the aforesaid Statement with respect to book value of asset charged against the listed Debentures issued by the Company are not in agreement with the unaudited financial statements, unaudited books of accounts and other relevant records as on September 30, 2026 maintained by the Company. 8. 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. 9. Our scope of work did not include verification of compliance with any other requirement of other circulars and notifications issued by any regulatory authorities from time to time and any other laws and regulations applicable to the Company. Further, our scope of work did not involve performing audit tests for the purpose of expressing an opinion on the fairness or accuracy of any of the unaudited financial information or the unaudited financial statements of the Company, taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the unaudited financial statements, of specified elements, accounts or items thereof for the purpose of this certificate. Accordingly, we do not express such an opinion. 10. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements issued by the ICAI. 11. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria. The procedures performed vary in nature and timing from, and are less extent than for, a reasonable assurance. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. The procedures selected depend on the Auditor's judgement, including the assessment of the areas where a material misstatement of the subject matter information is likely to arise. For the purpose of this engagement, we have performed following procedures: 11.1. Obtained and read the relevant clauses of Trust Deeds in respect of the listed Debentures and noted the Security Cover required to be maintained by the Company in respect of such Debentures, as indicated in the Statement. 11.2. Traced the principal amount of the Debentures outstanding as at September 30, 2026, to the unaudited financial statements, the unaudited books of account and other relevant records maintained by the Company. 11.3. Obtained and read the list of immovable properties & book debts charged, as security in respect of the Debentures outstanding. \sS1M & O PN1 MUM (RED ACC iaPTE Page 2 of 4
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M M Nissim & Co LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants 11.4. Traced the value of immovable properties & book debts from the Statement to the unaudited financial statements, unaudited books of accounts and other relevant records maintained by the Company as at September 30, 2026. 11.5. Traced the security charged with register of charges maintained by the Company and 'Form No. CHG-9' filed with Ministry of Corporate Affairs ('MCA'), on test check basis. 11.6. Traced the value of charge created against the immovable properties & book debts to the Security Cover indicated in the Statement. 11.7. To verify the exclusive charge, checked the sample loan contracts are accurately tagged as security to the respective secured debentures. 11.8. Performed on test check basis the arithmetical accuracy of the computation of Security Cover indicated in the Statement. 11.9. Compared the Security Cover with the requirements as per Debenture Trust Deed. 11.10.Performed necessary inquiries with the Management and obtained necessary representations. Conclusion 12. Based on the procedures performed by us, as referred to in paragraph 11 above and according to the information and explanations received and management representations obtained, nothing has come to our attention that causes us to believe that the particulars contained in the aforesaid Statement with respect to book value of asset charged against listed Debentures issued by the Company are not in agreement with the unaudited financial statements, unaudited books of accounts and other relevant records as at September 30, 2026 maintained by the Company. Other Matter 13. As per Chapter V para 1 of the Master circular no. HO/17/11/12(2)2026-DDHS- POD1/1/ 22420/ 2026 dated September 28, 2026, we are required to certify the book value of the assets, hence, we have not verified market value provided in the Statement of Security Cover (i.e. Column K and M) and accordingly we do not express any conclusion on the same. Restriction on Use 14. Our work was performed solely to assist the Company in meeting its responsibilities in relation to the compliance with the Regulations. Our obligations in respect of this certificate are entirely separate from, and our responsibility and liability is in no way changed by, any other role we may have as Joint Statutory Auditors of the Company or otherwise. Nothing in this certificate, nor anything said or done in the course of or in connection with the services that are the subject of this certificate, will extend any duty of care in connection with the statutory audit and other attest function carried out by us in our capacity as statutory auditors of the Company. PTE r- (..9* 0 0 °?6 b ACC, 'odAcc Page 3 of 4
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M M Nissim & Co LLP G. D. Apte & Co. Chartered Accountants Chartered Accountants 15. The certificate has been issued at the request of the Company, solely in connection with the purpose mentioned in paragraph 2 above and to be submitted with the accompanying Statement to the Stock Exchanges and Debenture Trustees and is not to be used or referred to for any other person. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this certificate is shown or into whose hands it may come. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. For M M NISSIM & CO LLP Chartered Accountants Firm Registration Number: 107122W/W100672 S1M 4 FRN : 0 For G. D. Apte & Co. Chartered Accountants Firm Registration Number: 100515W t\PTE 107122W 1 W100672 Manish Singhania MUMBAI Umesh S. Abhyankar Ad AccP Partner '?Et) ACC° Partner Membership Number: 155411 Membership Number: 113053 ICAI UDIN: 26155411QVVIBD9113 ICAI UDIN: 26113053WAOMLT3946 Place: Mumbai Place: Mumbai Date: October 23, 2026 Date: October 23, 2026 0 Page 4 of 4
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SHRIRAM FINANCE LIMITED CIN: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Standalone security cover certificate as per regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on September 30, 2026 (Rs. in crores) A B C D E F G H I .1 K L M N O Particulars Description of asset for which this certificate relate Exclusive charge Exclusive charge Pari-passu charge Pari-passu charge Pari-passu charge Debt not backed by any assets offered as security Assets not offered as security Elimination (amount in negative) (Total C to H) Related to only those items covered by this certificate Debt for which this certificate being issued Other Secured Debt Debt for which this certificate being issued Assets shared by pari-passu debt holder (includes debt for which this certificate is issued & other debt with pari- passu charge) Other assets on which there is pari- passu charge (excluding items covered in column F) Debt amount considered more than once (due to exclusive plus pail- passu charge Market value for assets charged on exclusive basis Carrying/ book value for exclusive charge assets where market value is not ascertainable or applicable Market value for pari- passu charge assets Carrying value/ book value for pari- passu charge assets where market value is not ascertainable or applicable Total value (K + L + M + N) Relating to Column F Book value Book value Yes/ No Book value Book value ASSETS Property, plant and equipment Freehold land and building 0.14 - - - - 437.22 - 437.36 1.34 - - - 1.34 Capital work-in-progress - - - - - - - - - - - - - Right of use assets - - - - - 751.72 - 751.72 - - - - - Goodwill - - - - - 1,189.45 - 1,189.45 - - - - - Other intangible assets - - - - - 157.37 - 157.37 - - - - - Intangible assets under development - - - - - - - - - - - - - Investments - - - - - 19,172.22 - 19,172.22 - - - - - Loans Loans/ advances given (net of provisions, NPAs and sell down portfolio) 40,052.75 141,393.61 - - - 126,387.19 - 307,833.55 - 40,052.75 - - 40,052.75 Inventories - - - - - - - - - - - - - Trade receivables - - - - - 37.12 - 37.12 - - - - - Cash and cash equivalents - - - - - 5,040.41 - 5,040.41 - - - - - Bank balances other than cash and cash equivalents - - - - - 7,539.62 - 7,539.62 - - - - Others - - - - - 12,373.02 - 12,373.02 - - - - - Total 40,052.89 141,393.61 - - - 173,085.34 - 354,531.84 1.34 40,052.75 - - 40,054.09 4.... ( -------; -S1M 4 ._,'* ,/7 FRN : PTE O O / cD• ,i`""' 107122W/ c.-5 1/.1 WI 00672 MUMBAI c fie-ec/Acc tp ACC'
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SHRIRAM FINANCE LIMITED C1N: L65191TN1979PLC007874 Regd. Office: Sri Towers, 14A, South Phase, Industrial Estate, Guindy, Chennai - 600 032, Tamil Nadu. Tel. No: +91 44 4852 4666, Fax: +91 44 4852 5666. Website-www.shriramfinance.in, email-secretarial@shriramfinance.in Standalone security cover certificate as per regulation 54(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on September 30, 2026 (Rs. in crores) A B C D E F G H I J K L M N O Particulars Description of asset for which this certificate relate Exclusive charge Exclusive charge Pari-passu charge Pari-passu charge Pari-passu charge Debt not backed by any assets offered as security Assets not offered as security Elimination (amount in negative) (Total C to H) Related to only those items covered by this certificate Debt for which this certificate being issued Other Secured Debt Debt for which this certificate being issued Assets shared by pari-passu debt holder (includes debt for which this certificate is issued & other debt with pari- passu charge) Other assets on which there is pari- passu charge (excluding items covered in column F) Debt amount considered more than once (due to exclusive plus pari- passu charge Market value for assets charged on exclusive basis Carrying/ book value for exclusive charge assets where market value is not ascertainable or applicable Market value for pari- passu charge assets Carrying value/ book value for pari- passu charge assets where market value is not ascertainable or applicable Total value (K + L + M + N) Relating to Column F Book value Book value Yes/ No Book value Book value LL.BILITIES - Debt securities to which this certificate pertains 37,113.00 - Yes - - - - - 37,113.00 - - - - - Other debt sharing pari-passu charge with above debt - - - - - - - - - - - - Other debt 7,810.89 - - - - - 7,810.89 - - - - - Subordinated debt - - - - 2,471.19 - 2,471.19 - - - Borrowings 115,277.39 - - - - - 115,277.39 - - - - - - Bank - - - - - - - - - - - - Debt securities - - - - - - _ - - - - - Deposits - - - - 73,598.46 - 73,598.46 - - - - - Trade payables - - - - 331.79 - 331.79 - - - - - Lease liabilities - - - - 860.89 - 860.89 - - - - - Provisions - - - - 449.65 - 449.65 - - - - - Others - - - - 5,412.80 - 5,412.80 - - - - - Total 37,113.00 123,088.28 - - - 83,124.78 - 243,326.06 - - - - - Cover on book value 1.08 Cover on market value Exclusive security cover ratio 1.08 Pari-passu security cover ratio - Notes: 1. We confirm that the Company has complied with the covenants mentioned in the disclosure documents of the secured redeemable non-convertible debentures for the quarter ended September 30, 2026. 2. Market value of assets charged on exclusive basis not ascertained as security provided is in the form of book debt receivables. 3. The market value of Rs. 0.01 crore of the freehold land is on the basis of certified valuation done on April 28, 2025. 4. The market value of Rs. 1.33 crore of the building is on the basis of certified valuation done on April 28, 2025. Place: Mumbai Date: October 23, 2026 \sS1M 4 FRN: Oc-- ▪ 107122W-I * 0 W100672 MUMBAI - '• 13 <<r^ CO d ,gym 'eP "ecrAcc° PATE ~ c Parag Sh ma Managin Director and CEO DIN: 02 16744 41) ACC()
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PRESS RELEASE Friday, 23rd October, 2026, Mumbai : The Board Meeting of Shriram Finance Limited ( SFL) was held today to consider the unaudited financial results for the second quarter ended 30th September, 2026. Financials (Standalone) : Second quarter ended 30th September, 2026 : The Net Interest Income for the second quarter ended 30th September, 2026 increased by 38.20% and stood at Rs. 8,661.04 crores as against Rs. 6,266.84 crores in the same period of the previous year. The profit after tax increased by 59.37% and stands at Rs. 3,677.03 crores as against Rs. 2,307.18 crores recorded in the same period of the previous year. The earning per share (basic) increased by 27.38% and stands at Rs. 15.63 as against Rs. 12.27 recorded in the same period of the previous year. Financials (Standalone) : Half-year ended 30 September, 2026 : The Net Interest Income for the half-year ended 30 September, 2026 increased by 35.98% and stood at Rs. 16,716.74 crores as against Rs 12,293.27 crores in the same period of the previous year. The profit after tax increased by 59.57% and stands at Rs. 7,121.59 crores as against Rs. 4,462.91 crores in the same period of the previous year. The earning per share (basic) increased by 28.36% and stands at Rs. 30.46 as against Rs. 23.73 recorded in the same period of the previous year. Interim Dividend :- The Board declared an Interim Dividend o f Rs. 6.50 (325%) per share, the Record Date for the entitlement thereof has been fixed as October 29, 2026. Assets under Management : Total Assets under Management as on 30th September, 2026 increased by 16.96% and stood at Rs. 329,021.72 crores as compared to Rs. 281,309.46 crores as on 30th September, 2025 and Rs. 313,798.39 crores as on 30th June, 2026. Contd…….2
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(2) About Shriram Finance Limited. Shriram Finance Limited is the flagship company of the Shriram group which has significant presence in Consumer Finance, Life Insurance, General Insurance, Housing Finance, Stock Broking and Distribution businesses. Shriram Finance Limited is one of India’ s largest retail asset financing Non - Banking Finance Companies (NBFC) with Assets under Management (AUM) above Rs. 3.29 trillion. Established in 1979, Shriram Finance is a holistic finance provider catering to the needs of Small Road Transport Operators and small business owners and is a leader in organised financing of pre-owned commercial vehicles and two wheelers. It has vertically integrated business model and offers financing number of products which include passenger commercial vehicles, loans to micr o and small and medium enterprises (MSMEs), tractors & farm equipment, gold, personal loans and working capital loans etc. Over last 47 years, it has developed strong competencies in the areas of loan origination, valuation of pre -owned commercial vehicl es and other assets, and collections. It has a pan India presence with network of 3,225 branches and an employee strength of 82,292 servicing to 105.74 lakhs of customers. For Further information, please contact: Sanjay K. Mundra Shriram Finance Limited +91 22 40959507 smundra@shriramfinance.in