Shriram Finance Limited at its board meeting held on December 4, 2022, approved the resignation tendered by Mr. S. Lakshmninarayanan,
Independent director and Chairman of the Board from directorship of the company with effect from commencement of business hours on December 5,
2022 and resignation tendered by Mrs. Kishori Udeshi, Independent Director, from directorship of the Company with effect from commencement of
business hours on December 5, 2022.