Shares of Shriram Finance fell 5% on 2 February after the company received a tax order from the Commercial Tax Officer in Chennai.

Shriram Finance received an order from the Office of the Commercial Tax Officer, Chennai South (Tamil Nadu) levying a penalty of Rs 46,91,115 for FY 2022-23, relating to the erstwhile Shriram City Union Finance Ltd, which was amalgamated with Shriram Finance on 1 April 2022. 

The demand for FY 2022-2023 has surged due to the following:

• Disallowance of input tax credit (ITC) applied to the payment of the reverse charge mechanism (RCM).
• Credit notes were issued.

Shriram Finance argued that the order is unlikely to have a significant impact on its finances, operations, or other activities. However, it stated that it is seeking advice from its tax expert on the Tamil Nadu demand order due to the sum involved and “commercial prudence”.

As of December 2025, total assets under management increased by 14.63% to Rs 2.91 trillion. This is compared to Rs 2.54 trillion in December 2024 and Rs 2.81 trillion in September 2025. In the third quarter of December 2025, net interest income climbed by 16.17% to Rs 6,764.09 crore. This compares to Rs 5,822.69 crore in the same time of the previous year.

As of December 2025, total assets under administration have climbed by 14.63%, to Rs 2.91 trillion. This compared to Rs 2.54 trillion in December 2024 and 2.81 trillion in September 2025.

At 3:30 pm, the shares of Shriram Finance closed 3.17% lower at Rs 966 on NSE.

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