Shriram Asset Management Company531359Leadership appointment or

Board approves Sept 2026 quarter results, appoints Vice-Chairman and two senior management personnel

Board approved unaudited results for the quarter and half year ended Sept 30, 2026.

By ScoutQuest · Thu 5 Nov 2026, 9:00 PM IST · 2 min read

Results approved: unaudited results for the quarter and half year ended Sept 30, 2026
Vice-Chairman & Whole-Time Director: Vikrant Kishore Gugnani appointed Vice-Chairman & Whole-Time Director (3 years, from Nov 16, 2026)
Other appointments: Ketankumar Shah named Fund Manager; Hitesh Savanth named Principal Officer, both from Nov 6, 2026

Board meeting outcome

The Board of Directors met on November 5, 2026 and approved, among other items, the unaudited financial results for the quarter and half year ended September 30, 2026, together with the Limited Review Report of the statutory auditors, G D Apte & Co., Chartered Accountants.

Leadership appointments

Mr. Vikrant Kishore Gugnani (DIN: 01814337) has been appointed an Additional Director in the Executive and Non-Independent category and designated as Vice-Chairman and Whole-Time Director, with effect from November 16, 2026.
His term as Vice-Chairman and Whole-Time Director is 3 years, from November 16, 2026 to November 15, 2029. He is not liable to retire by rotation.
The appointment is subject to the approval of the shareholders.
The update describes him as a Chartered Accountant with close to 30 years of experience across banking, asset management and financial services. He has held senior leadership roles at Reliance Capital and with Citibank India & Indonesia, and has served as CEO of Reliance Capital Asset Management Limited. He is stated not to be related to any Director of the Company.

Two role changes from November 6, 2026

Mr. Ketankumar Shah has been appointed Fund Manager under the SEBI (Mutual Funds) Regulations, 2026 with effect from November 6, 2026. With the same effect, he ceases to hold the position of Principal Officer under the SEBI (Portfolio Managers) Regulations, 2020.
Mr. Hitesh Savanth has been appointed Principal Officer under the SEBI (Portfolio Managers) Regulations, 2020 with effect from November 6, 2026. With the same effect, he ceases to hold the position of Senior Fund Manager under the SEBI (Mutual Funds) Regulations, 2026.
Mr. Shah has 17+ years of experience in equity research and 15+ years of buy-side experience, per the update. Mr. Savanth has 12+ years of experience across portfolio management and wealth management.

What this means in simple terms

The two changes effective November 6, 2026 are internal role reallocations between the mutual fund and portfolio management sides of the business, with named individuals stepping into each role.
The Vice-Chairman and Whole-Time Director appointment adds an executive director to the board with a fixed 3-year term, but it needs shareholder approval before it is final.

How approval will be sought

The Board approved conducting a postal ballot to seek the approval of shareholders for the matters at serial no. 2(A) and 2(B) of the intimation, which cover Mr. Gugnani's appointment as an Additional Director and as Vice-Chairman and Whole-Time Director for 3 years.

What to watch

The outcome of the postal ballot for the two Gugnani resolutions.
The effective dates: November 6, 2026 for the two senior management role changes and November 16, 2026 for the director appointment.

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