Leadership change
Shriram Properties' Visakhapatnam COO Balaji R Retires on Superannuation Effective 31 October 2026
Balaji R, Chief Operating Officer for Shriram Properties' Visakhapatnam region, left the company on superannuation with effect from the close of business on 31 October 2026, according to a stock exchange filing made the same day. No successor had been named in the filing.
| Company | Shriram Properties Limited (NSE: SHRIRAMPPS; BSE listed) |
|---|---|
| Executive | Balaji R, Chief Operating Officer for the Visakhapatnam region, a designated Senior Management Personnel |
| Effective date | Close of business, 31 October 2026 |
| Reason recorded | Superannuation (retirement under the company's service rules), not resignation or removal |
| Filing date | 31 October 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015 |
| Signatory | K. Ramaswamy, Company Secretary and Compliance Officer |
| Successor | None named in the filing (as of 2 November 2026) |
| Visakhapatnam context | Visakhapatnam is part of the company's South India project pipeline |
What happened
On 31 October 2026, Shriram Properties Limited notified the National Stock Exchange of India and BSE Limited that Balaji R had left his post as Chief Operating Officer for the Visakhapatnam region. The exit took effect at the close of business on the same day.
The company recorded the reason as superannuation, meaning Balaji R reached the retirement age set under the company's service rules. The filing does not describe a resignation or removal, and it does not link the departure to any project, dispute or transaction.
The filing and who signed it
The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed companies to disclose changes in key management personnel. It was signed digitally by K. Ramaswamy, Company Secretary and Compliance Officer, on 31 October 2026.
The company thanked Balaji R for his service and placed on record its appreciation for his contribution during his tenure. The company also said there was no familial or directorial relationship requiring further disclosure, and that a fuller profile disclosure was not required given the nature of the cessation.
Background on the executive
According to the company's own leadership page, Balaji R has a Bachelor of Arts degree from Madura College (Autonomous), Madurai Kamaraj University. He has multiple years of experience in operations and management, has been associated with the Shriram group since 1996, and has worked with Shriram Properties since 1 January 2011.
Company and Visakhapatnam context
Shriram Properties is the property development arm of the Shriram Group and is listed on the NSE and BSE. The company says it began operations in Bengaluru in 2000 and has since expanded to other South Indian cities, including Chennai, Coimbatore and Visakhapatnam, as well as Kolkata in East India.
Visakhapatnam sits within the company's South India project pipeline. A separate senior personnel change at the company was disclosed in January 2026: a Senior Vice President and National Head (CXM) resigned, with an effective date of 7 March 2026.
What it changes for buyers and investors
Market commentary on the filing describes the exit as a routine personnel event. It does not, as disclosed, involve any financial transaction, equity dilution or change in shareholding structure.
No source reviewed reports an effect on home buyers, on ongoing deliveries in Visakhapatnam, or on prices in the city. Investors who want to track operational continuity in the region can follow future exchange filings and the company's quarterly updates.
What happens next
As of 2 November 2026, no replacement or successor has been announced. The next formal step would be a further Regulation 30 filing if the company names someone to lead Visakhapatnam operations. No date for such an appointment has been announced.
Frequently asked questions
Who is Balaji R?
Balaji R was Chief Operating Officer for Shriram Properties' Visakhapatnam region and a designated Senior Management Personnel. According to the company, he has worked with Shriram Properties since 1 January 2011 and with the Shriram group since 1996.
Why did he leave?
The company recorded the reason as superannuation, meaning he reached the retirement age under its service rules. The filing describes a planned retirement and does not mention a dispute.
When did the change take effect?
The change took effect at the close of business on 31 October 2026.
Has a successor been named?
No. The filing did not name a successor, and as of 2 November 2026 no replacement has been announced.
Does this affect buyers in Visakhapatnam?
No source reviewed reports an effect on buyers, ongoing deliveries or prices. Market commentary describes the exit as routine, with no financial transaction or change in shareholding.