General Updates

July 31, 2026 BSE Limited National Stock Exchange of India Limited P. J. Towers, Listing Department Dalal Street, Fort, Exchange Plaza, 5th Floor, Mumbai – 400 001 Plot no. C/1, G- Block, Scrip Code: 511218 Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 NSE Symbol: SHRIRAMFIN Dear Sir/Madam, Sub.: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) – Revision in ESG Rating by ICRA ESG Ratings Limited This is to inform you that ICRA ESG Ratings Limited (“ICRA ESG”), a SEBI Registered ESG Rating Provider under category I has today vide its Rating Rationale revised the Company's Environmental, Social, and Governance (“ESG”) Impact Rating Score to 83 (Outstanding) from 82 (Outstanding). Rating Rationale dated July 31, 2026 issued by ICRA ESG is enclosed. The intimation will be uploaded on the website of the Company at www.shriramfinance.in This event/information occurred on July 31, 2026 at 4.34 p.m. This is in compliance with Regulation 30 of the Listing Regulations and other applicable provisions of Listing Regulations, if any. We request you to take the same on record. Thanking you, Yours faithfully, For Shriram Finance Limited U Balasundararao Company Secretary & Chief Compliance Officer Encl.: a/a Shriram Finance Limited Corporate Office: Wockhardt Towers, Level -III, West Wing, C-2, G-Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051, Maharashtra. Ph: +91 22 4095 9595 Registered Office. Sri Towers, Plot No.14A, South Phase, Industrial Estate, Guindy, Chennai – 600 032, Tamil Nadu, India. Tel: +91 44 485 24 666 Email: secretarial@shriramfinance.in I Website: www.shriramfinance.in I Corporate Identity Number (CIN) — L65191TN1979PLC007874 Category I-SEBI Registered ERP July 31, 2026 Shriram Finance Limited: Update on Material Event; Rating Revised Poor Weak Moderate Good Outstanding 0 20 40 60 80 100 Summary of rating action Shriram Finance Limited Previous Score Rating Symbol Current Score Rating Symbol Rating Movement ESG Impact Rating 82 Outstanding 83 Outstanding Environment Social Governance 40 60 40 60 40 60 20 80 91 20 80 0 100 0 0 100 Good Outstanding Outstanding Weightage: 45% Weightage: 25% Weightage: 30% Material Event On June 17, 2026, Shriram Finance Limited (SFL) released its Business Responsibility and Sustainability Report (BRSR) for FY2026, highlighting the progression in its environmental, social and governance parameters. Impact of Material Event ICRA ESG has reviewed SFL’s updated disclosures. Notable developments observed along with inputs shared by the company resulted in improvements in the environment and governance profile, while the social profile remained broadly unchanged. Accordingly, the ESG Impact rating was revised to 83 (Outstanding) from 82 (Outstanding). www.icraesgratings.in Sensitivity Label : Public Page | 1 Category I-SEBI Registered ERP Rationale The ESG Impact Rating assigned to SFL has been revised to 83 (Outstanding) from 82 (Outstanding), reflecting the company's continued strengthening of ESG framework resulting from broader integration of ESG considerations across its value chain and focus on sustainable financing initiatives. The ratings also factor in the company's established governance practices and strengthened strategic capabilities arising from its association with MUFG Bank, including the envisaged roadmap for further ESG integration. SFL continues to deliver meaningful social impact through its financial inclusion-focused business model and community development initiatives. Nevertheless, the ratings remain moderated by the absence of internationally aligned, time-bound environmental commitments, renewable energy adoption, relatively low diversity in the workforce and leadership, elevated attrition levels, and widening income inequality. 77 (Good) Environment revised from 76 (Good) The environment impact score increased from 76(Good) to 77(Good), after factoring in changes in SFL’s environmental profile, particularly in value chain sustainability. As a financial services institution, the company continues to maintain a relatively low direct environmental footprint, characterised by low resource consumption, emissions and waste generation. During FY2026, SFL strengthened its environmental management and disclosure framework through the restatement of FY2025 energy consumption and emissions parameters following an updated calculation methodology, thereby improving data accuracy and comparability. Energy consumption remained at a moderate level supported by energy-efficient measures. However, renewable energy usage remained negligible, largely due to the predominantly leased nature of its branch network. The company also does not have a formal ISO 50001 (International Standard for Energy Management Systems). ICRA ESG notes that through its Business Responsibility Policy, SFL has articulated its commitment towards resource conservation, energy efficiency and environmental protection, although formal quantitative targets across key environmental parameters remain absent. In FY2026, SFL further strengthened its climate-related disclosures through expanded Scope 3 reporting, including financed emissions coverage. The company reported a reduction in both Scope 1 and 2 emission intensity (~13%) and financed emission intensity (~4%), reflecting improved carbon efficiency across its operations and lending portfolio. SFL’s assessment for financed emissions now covers a substantial proportion of the lending portfolio. Its Environmental and Social Management System (ESMS) enables the integration of environmental considerations into lending decisions. The above measures reflect growing preparedness for mature reporting as a lender. The emissions management score incorporates these improvements, even as ICRA ESG’s rating methodology does not include the volume of Scope 3 emissions. In addition to restricting the financing of older, high-emitting vehicles, the company has been scaling its green finance initiatives, with the green portfolio increasing over Rs. 1,400 crore, while retaining its medium-term target of Rs. 5,000 crore assets under management (AUM) under the green finance vertical. Given the nature of its operations, SFL has negligible air emissions and the company reported no sulphur oxides (SOx), nitrogen oxides (NOx) or particulate matter emissions in FY2026. Water consumption remained low and declined during the year, supported by conservation initiatives such as sensor-based taps and low operational water intensity. However, the absence of water recycling and treatment infrastructure across most locations continues to remain a limitation, although implementation challenges arise from the predominantly leased and geographically dispersed nature of the branch network. www.icraesgratings.in Sensitivity Label : Public Page | 2 Category I-SEBI Registered ERP Waste generation reduced significantly to 296 MT in FY2026 from 614 MT in FY2025 and primarily comprised e-waste, battery waste and non-hazardous waste such as paper, remaining within ICRA ESG thresholds. The company continues to route waste through authorised recovery and recycling channels while advancing digitalisation initiatives, including paperless onboarding and collection processes, to reduce paper consumption. SFL’s biodiversity impact is in line with the previous rating. At the value chain level, SFL strengthened its environmental oversight through disclosure of BRSR Core indicators for value chain partners, implementation of a Value Chain Code of Conduct and ESG awareness initiatives for suppliers and partners. This additional measure resulted in an improvement in the value chain sustainability score. Moreover, the focus on growing green finance through the Electric Vehicle (EV) financing portfolio, with AUM growing from Rs. 2,63,190 crore in FY2025 to Rs. 3,02,274 crore in FY2026, lends comfort to t [Showing first 8,000 characters — download PDF for full document]