Shriram Properties Senior VP Shekar H.K. Resigns, Effective March 2026
Senior Management Change at Shriram Properties
Shriram Properties filed a regulatory intimation on March 7, 2026, disclosing the resignation of Senior Vice President Shekar H.K., effective March 2026. The departure constitutes a reportable senior management personnel change under SEBI Listing Obligations and Disclosure Requirements (LODR) regulations.
Regulatory Context
Changes to senior management at listed real estate companies are disclosed promptly to the stock exchanges—BSE and NSE—under securities law provisions governing material announcements. Such filings ensure transparency to investors and shareholders regarding shifts in the company's executive structure.
Shriram Properties at a Glance
Shriram Properties Limited was founded in 1995 and commenced operations in Bengaluru in the year 2000 and have since expanded their presence to other cities in South India, i.e., Chennai, Coimbatore and Visakhapatnam. In addition, they also have presence in Kolkata in East India, where they are developing a large mixed-use project. The company recently also entered the Pune market to explore new growth opportunities.
Shriram Properties Limited is an India-based residential real estate development company. The Company is primarily focused on the mid-market and mid-premium segments. The Company is also engaged in the plotted development segment. It has delivered 46 projects with a saleable area of 25.0 million square feet, in Bengaluru, Chennai and Kolkata. It also has a development pipeline comprising 42 projects with an aggregate development potential of 40.2 million square feet.
Recent Operational Performance
Shriram Properties has reported a consolidated net profit of ₹101 crores for the financial year ended March 31, 2026, a 30% increase from the previous year. Revenue from operations for the year stood at ₹1,357 crores, a 39% year-on-year increase, marking an all-time high. The company achieved its highest-ever annual handovers, delivering 3,465 homes and plots in FY26. This included the handover of 1,348 units in Q4FY26 alone, which significantly aided revenue recognition.
Sales bookings for the year reached ₹2,354 crores across 4.15 million square feet. Customer collections also reached a record high of ₹1,661 crores, growing 12% year-on-year. The company added 7 new projects during the year with an aggregate development potential of 3.5 million square feet and a Gross Development Value (GDV) of ₹3,500 crores.