Shriram Finance Receives CCI Approval for MUFG Bank's Proposed Investment

Shriram Finance Limited has secured a crucial regulatory approval for its proposed investment deal with MUFG Bank Ltd. The Competition Commission of India (CCI) granted its approval on March 25, 2026, for the Japanese bank's proposed investment in the Indian financial services company.

Investment Transaction Details

The approved transaction involves the issuance of 47,11,21,055 equity shares of Shriram Finance Limited to MUFG Bank Ltd through a preferential issue on a private placement basis. This substantial equity allocation forms part of a strategic investment agreement that was originally executed on December 19, 2025.

Transaction Parameter: Details Equity Shares to be Issued: 47,11,21,055 Investor: MUFG Bank Ltd Issue Method: Preferential allotment (private placement) Investment Agreement Date: December 19, 2025 CCI Approval Date: March 25, 2026

Regulatory Timeline and Approvals

The company had previously disclosed the investment proposal through multiple regulatory filings. Key communications included the outcome of the Board Meeting dated December 19, 2025, and subsequent intimations dated January 14, 2026, February 03, 2026, and February 13, 2026. These disclosures kept stakeholders informed about the progress of the proposed transaction with MUFG Bank.

Pending Conditions

While the CCI approval represents a significant milestone, the completion of the proposed transaction remains contingent on fulfilling various conditions precedent outlined in the Investment Agreement. The company has indicated that the consummation of the deal is subject to these conditions being met as specified in the December 19, 2025 agreement between Shriram Finance and MUFG Bank.

Strategic Partnership

The investment from MUFG Bank Ltd represents a notable international partnership for Shriram Finance Limited. MUFG Bank, being a major Japanese financial institution, brings significant expertise and capital to support Shriram Finance's business operations and growth initiatives in the Indian financial services sector.

Shriram Finance Limited has announced the opening of a special window for transfer and dematerialisation of physical securities, in compliance with SEBI regulatory requirements. The company published newspaper advertisements on March 25, 2026, in Financial Express (English) and Makkal Kural (Tamil) to inform shareholders about this important initiative.

Special Window Details

The special window will operate for a period of one year, providing shareholders with an opportunity to complete pending transfers and convert physical certificates to dematerialised form.

Parameter: Details Window Period: February 05, 2026 to February 04, 2027 Duration: One year Applicable Securities: Physical share certificates sold/purchased prior to April 01, 2019 Regulatory Basis: SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026

Eligibility and Requirements

The special window covers physical share certificates that were sold or purchased prior to April 01, 2019 and were rejected, returned, or not attended due to deficiency in documentation, process, or other reasons. Shareholders must submit original share certificates along with transfer deeds and other supporting documents during the special window period.

Important exclusions from this facility include:

Physical share certificates transferred to Investor Education and Protection Fund

Cases involving disputes between transferor and transferee

Transfer Process and Lock-in Provisions

Shares lodged for transfer during the special window will be credited to the transferee in dematerialised form, subject to verification and approval by the company's Registrar and Transfer Agent.

Aspect: Details Credit Form: Dematerialised Lock-in Period: One year from date of registration Restrictions: No transfer/lien marking/pledging during lock-in Required Document: Client Master List (not older than two months) RTA: Integrated Registry Management Services Private Limited

Submission Details

Eligible shareholders can submit their transfer documents to the Registrar and Transfer Agent at the following address:

Integrated Registry Management Services Private Limited 2nd Floor, Kences Towers, No.1, Ramakrishna Street, North Usman Road, T Nagar, Chennai, Tamil Nadu- 600 017

Contact Information:

Phone: 044-28140801-03

Email: einward@integratedindia.in

KYC Updates and Dematerialisation Benefits

Shriram Finance has encouraged shareholders holding equity shares in physical form to update their KYC details and convert physical shares into dematerialised form. This conversion provides inherent benefits of dematerialisation and eliminates risks associated with physical share certificates.

The company will process transfer requests for documents that are complete in all respects, legally valid, and have no dispute of ownership. The notice is also available on the company's website at https://www.shriramfinance.in/investor-information for easy access by shareholders.

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