Shareholders Approve FY27 Related-Party Transactions with 99.52% Votes in Favour

Shareholders Approve Material Related-Party Transactions for FY27

Shriram Properties Limited secured shareholder approval for material related-party transactions with subsidiaries and joint ventures for FY27, with the resolution passed via remote e-voting process concluding on July 11, 2026, with 99.52% of valid votes cast in favour.

Scope of Approved Transactions

The transactions involve dealings between the company's subsidiaries and joint ventures where the holding company is not a party. The company required this approval as the aggregate value of transactions with individual special purpose vehicles (SPVs) is expected to exceed the limits specified under Regulation 23 of the SEBI Listing Regulations.

Purpose and Structure

The transactions involving SPVs are necessary for project expenses and corporate guarantees, with the company's consolidated turnover for FY 2025-26 setting the threshold limit. The postal ballot sought approval for transactions listed in Annexure-I to the explanatory statement.

About Shriram Properties

Shriram Properties Limited was founded in 1995 and is based in Bengaluru, India. The company operates as a real estate development company in India and engages in the business of construction, development, and sale of residential and commercial properties. The company operates a portfolio of 51 thoughtfully developed projects spanning over 31.5 million square feet, primarily in Bengaluru, Chennai, and Kolkata. The company recently also entered the Pune market to explore new growth opportunities.