Shriram Finance board to consider stock split proposal on October 25; shares rise 3%

The meeting is also expected to approve the declaration of interim dividend for the financial year 2024-25, according to the filing.

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26 Aug, 2025 12:21

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Shriram Finance on October 18 said the firm’s board of directors will meet on October 25 to consider a proposal for the split of equity shares.

“Proposal of alteration in the share capital of the company by sub-division/ split of existing equity shares having face value of Rs. 10/- each, fully paid up in such manner as may be determined by the board of directors, subject to approval of the members of the company,” the company said in an exchange filing.

The shares of the company jumped 2.62 percent to Rs 3,344.05 on NSE at 02:35 pm.

The board will also consider the approval of unaudited standalone and consolidated financial results for the second quarter and half year ended September 30. The meeting is also expected to approve the declaration of interim dividend for the financial year 2024-25, according to the filing.

If the interim dividend receives board’s nod, the record date will be November 7, it added.

Moreover, the board will review proposals to mobilise resources through the issuance of non-convertible debentures and bonds on private placement basis for company business, the statement said.

In July, the flagship company of the diversified conglomerate Shriram Group reported 19 percent increase in consolidated net profit at Rs 2,031 crore for June quarter FY25.

The financial services firm registered a consolidated net profit of Rs 1,712 crore during the corresponding quarter of last year. Total income during the quarter under review grew to Rs 9,610 crore from Rs 8,293 crore a year ago, Shriram Finance said in a regulatory filing.