Shriram Finance Ltd.

Shriram Finance has informed that the Board of Directors of the Company at their meeting held today, March 22, 2024, considered and accorded its approval: to act as Option Provider as per indicative term sheet to be executed by and between Shriram Housing Finance, high value debt listed non-material subsidiary of the Company (SHFL/Issuer), Kotak Mahindra Investments (Investor) and the Company involving the proposal to issue Compulsory Convertible Debentures (CCDs) by Issuer to the Investor and; to purchase the said CCDs upon exercise of put /call option as per the Option Agreement to be executed between the Company, SHFL and Investor.

The above information is a part of company’s filings submitted to BSE.