Cholamandalam board to consider NCD issuance on July 28
Cholamandalam Investment & Finance Company Ltd will hold a board meeting on July 28, 2026, to consider issuing secured and unsecured non-convertible debentures (NCDs). The intimation was filed under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's scrip is listed on NSE and BSE.
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Cholamandalam Investment & Finance Company Ltd has scheduled a board meeting for July 28, 2026, to consider the issuance of non-convertible debentures (NCDs). The proposed issuance includes both secured and unsecured instruments. This decision aims to raise capital through debt securities to support the company's financial requirements.
The meeting was intimated to the stock exchanges under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors will review the proposal during the session. The company secretary, P. Sujatha, confirmed the development in a filing dated July 17, 2026.
Key Details
| Parameter | Details |
|---|---|
| Meeting Date | July 28, 2026 |
| Agenda | Issuance of NCDs (secured and unsecured) |
| Regulatory Reference | Regulation 29 of SEBI LODR Regulations, 2015 |
| Filing Date | July 17, 2026 |
The company's scrip is listed on both the National Stock Exchange of India Limited (NSE) and BSE Ltd. under the codes CHOLAFIN EQ and 511243, respectively. The issuance of NCDs is subject to board approval and subsequent regulatory compliance.
Historical Stock Returns for Cholamandalam Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.80% | -1.67% | -1.18% | +6.91% | +17.63% | +262.53% |
What is the estimated size of the NCD issuance and how will the proceeds be allocated?
How will the mix of secured and unsecured NCDs impact the company's cost of borrowing?
What is the expected credit rating for the proposed NCDs and how might it affect investor demand?
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