SFShriram Finance511218Routine director change

Chief Software Officer appointed; board also declares 325% interim dividend and approves debt issuance plan

Shriram Finance appointed Mr. Panakala Raju M as Chief Software Officer (Senior Management Person), effective October 23, 2026.

By ScoutQuest · Fri 23 Oct 2026, 3:46 PM IST · 3 min read

Appointment Effective Date

effective October 23, 2026

Interim Dividend Declared

interim dividend of 325% i.e. Rs.6.50 per equity share of face value Rs.2 each for FY 2026-27

Quarterly Profit (Standalone)

Profit for the quarter was Rs.3,677.03 crore, against Rs.2,307.18 crore a year earlier

Who is the new appointee

• Mr. Panakala Raju M has been appointed Chief Software Officer of the Company and is classified as a Senior Management Person.
• The appointment is with effect from October 23, 2026, on the terms and conditions applicable to Senior Management Personnel as per the Company's policy.
• The appointment was made on the recommendation of the Nomination & Remuneration Committee.
• He holds a Bachelor's degree in Commerce from Nagarjuna University and has completed a program in Artificial Intelligence and Machine Learning from Caltech University, USA.
• He is described as a seasoned technology leader of about 3 decades of experience in the IT industry, having begun his career with Novac Technology Solutions (P) Ltd. and later serving as Chief Strategy Officer at Novac.

Why a technology hire matters for a lender

A Chief Software Officer sits at the level of senior management and typically oversees the technology architecture and software platforms of the business. For a retail lending franchise, that covers the systems behind loan origination, servicing and data handling. The update links the role to scalable, secure and future-ready technology solutions.

Other decisions from the same board meeting

• Financial results: the board approved and took on record the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026. The joint statutory auditors, M/s. G. D. Apte & Co. and M/s M M NISSIM & CO LLP, issued limited review reports on them.
• Dividend: an interim dividend of 325% i.e. Rs.6.50 per equity share of face value Rs.2 each was declared for the financial year 2026-27, subject to deduction of tax at source. The record date is Thursday, October 29, 2026 and payment is to be made to eligible members before Friday, November 20, 2026.
• Fund raising: the board approved a periodic resource mobilisation plan for issuing debt securities such as redeemable non-convertible debentures, subordinated debentures, bonds and notes, on private placement basis and/or public issue, in one or more tranches, in the onshore or offshore market, for the period from November 1, 2026 to January 31, 2027.
• Debenture limit: the board also approved issuance of redeemable non-convertible debentures / subordinated debentures on private placement basis and a Postal Ballot Notice seeking members' approval for renewal of the limit to issue debentures on private placement basis up to Rs.35,000 crore.

Key numbers from the results (standalone, Rs. in crores)

• Total income for the quarter ended September 30, 2026 was Rs.13,798.91 crore, against Rs.11,916.93 crore a year earlier.
• Profit for the quarter was Rs.3,677.03 crore, against Rs.2,307.18 crore a year earlier.
• For the half-year, total income was Rs.27,211.02 crore and profit was Rs.7,121.59 crore.
• Basic earnings per share for the quarter were Rs.15.63, against Rs.12.27 a year earlier.
• Loans stood at Rs.307,833.55 crore as at September 30, 2026, and total assets at Rs.354,531.84 crore.

What a retail investor can take away

The core announcement is a senior management addition in a technology role. Alongside it, the board cleared quarterly results that show higher total income and profit on a year-on-year basis, declared an interim dividend of Rs.6.50 per share with a record date of October 29, 2026, and set in motion a borrowing programme for the November 2026 to January 2027 window, including a renewal of the debenture limit up to Rs.35,000 crore that will be placed before members through postal ballot. Each of these is a routine board matter that investors typically track for continuity of lending operations and capital-raising capacity.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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