Cholamandalam Financial Holdings Limited conducted its 77th Annual General Meeting on August 14, 2026, transacting all businesses outlined in the notice dated May 8, 2026. The meeting was held via video conference to enhance shareholder accessibility, with Mr. M M Murugappan presiding as Chairman.

Key Resolutions

Shareholders approved several critical resolutions during the session:

• Adoption of the audited standalone financial statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Independent Auditors.
• Adoption of the audited consolidated financial statements for the same period and the Independent Auditors’ Report thereon.
• Approval of the final dividend for the financial year ended March 31, 2026.
• Re-appointment of Mr. Vellayan Subbiah, a director retiring by rotation.
• Appointment of Mr. Shyam Shankar as Manager for a five-year term effective from June 15, 2026.

Governance and Compliance

The statutory auditor’s report and secretarial auditor’s report contained no qualifications, observations, or adverse remarks regarding the company’s functioning. Consequently, these reports were not read out at the meeting, in compliance with the Companies Act, 2013.

Mr. Murugappan informed members that the annual report for FY25-26 and the AGM notice had been dispatched electronically to registered shareholders. Physical copies were sent only to those who specifically requested them, adhering to SEBI directives.

Voting Process

The company facilitated electronic voting through the NSDL platform for members as on the cut-off date of August 7, 2026. Ms. Srinidhi Sridharan of M/s. Srinidhi Sridharan & Associates served as the scrutinizer for the e-voting process. The voting results and scrutinizer’s report are scheduled to be communicated to stock exchanges and posted on the company’s website by August 18, 2026.

Senior management, including CFO Mr. Shyam Shankar and Company Secretary Mrs. E Krithika, attended the meeting alongside representatives from subsidiary companies Cholamandalam Investment and Finance Company Limited and Cholamandalam MS General Insurance Company Limited.

Chennai, August 14, 2026: Cholamandalam Financial Holdings Limited reported a 42% year-on-year rise in consolidated net profit after tax (PAT) to ₹1,789 crore for the quarter ended June 30, 2026. The holding company’s total income expanded by 20% to ₹11,214 crore, reflecting sustained momentum across its core financing and insurance operations. Earnings per share (EPS) rose by 39% to ₹42.92 from ₹30.81 in the corresponding quarter of the previous year.

The Board of Directors approved the unaudited financial results at a meeting held on August 14, 2026. Statutory auditors R.G.N. Price & Co. issued a limited review report on the standalone and consolidated financial statements. The company also released its corporate presentation for Q1-FY27, detailing segment-wise performance and regulatory metrics.

Consolidated Performance Overview

The group’s revenue growth was primarily driven by its majority-stake subsidiary, Cholamandalam Investment & Finance Company Ltd (CIFCL), and its general insurance arm, Cholamandalam MS General Insurance Company Ltd (CMSGICL).

Profit before tax stood at ₹2,400 crore, compared to ₹1,696 crore in the corresponding quarter of the previous year. Tax expense was recorded at ₹611 crore. On a year-to-date basis through March 2026, the group reported revenue of ₹39,576 crore and PAT of ₹5,485 crore.

Subsidiary Highlights

CIFCL, in which the holding company holds a 43.74% stake, disbursed loans worth ₹29,612 crore in the quarter, a 22% increase from ₹24,325 crore in Q1 FY26. The subsidiary reported a PAT of ₹1,654 crore, up 46% from ₹1,136 crore a year ago. CIFCL’s assets under management grew by 23% to ₹2,54,392 crore as of June 30, 2026.

Key operational metrics for CIFCL include:

• Loan Losses: Improved to 2.0% in Q1 FY27 compared to 2.2% in Q1 FY26.
• Asset Quality: Gross NPA (GNPA) stood at 4.50% and Net NPA (NNPA) at 2.95% as of June 2026, per revised RBI norms.
• Disbursement Growth: Specific segments saw robust growth, with Heavy Commercial Vehicles (HCV) up 13%, Light Commercial Vehicles (LCV) up 18%, Small Commercial Vehicles (SCV) up 31%, Passenger Vehicles up 26%, Two-wheelers up 20%, Construction Equipment up 9%, and Tractors up 19%.

CMSGICL, a 60%-stake subsidiary, registered a Gross Written Premium (GWP) of ₹2,189 crore, up 6% from ₹2,073 crore in the prior year period. The insurer achieved a profit of ₹128 crore, compared to ₹119 crore in Q1 FY26. Its investment book stood at ₹19,172 crore as of June 30, 2026. Solvency ratio remained healthy at 1.928x.

Cholamandalam MS Risk Services Ltd., a joint venture in which the company holds a 49.5% stake, registered total income of ₹24.86 crore for the quarter ended June 30, 2026, against ₹20.44 crore in the corresponding quarter of the previous year. PAT fell to ₹0.94 crore from ₹1.23 crore.

Segment-wise Breakdown

The financing segment contributed ₹8,856 crore to segment revenue, while the insurance segment generated ₹2,322 crore. The financing segment’s profit before tax rose to ₹2,222 crore from ₹1,531 crore, whereas the insurance segment’s PBT improved significantly to ₹173 crore from a loss of ₹4.9 crore in the same quarter last year.

Regulatory Capital and Liquidity

As of June 30, 2026, Cholamandalam Financial Holdings Limited maintained a Capital Ratio of 2,359.32% against a regulatory minimum of 30.00%. The Leverage Ratio was 0.0002 against a maximum of 2.50. Investments in group companies accounted for 99.818% of net assets, well above the regulatory minimum of 90.000%.

The company continues to hold a strong liquidity position with ₹22,765 crore in cash balance as at end of June 2026. This includes Highly Liquid Assets (HQLA) of ₹7,614.93 crore invested in GSEC, SDL, T-bills, and Strips. Total liquidity position stood at ₹23,984 crore, including undrawn sanctioned lines.

What the Numbers Show

The consolidated results highlight a divergence between the holding company’s standalone performance and its group-wide profitability. While the standalone entity logged a modest PAT of ₹4.38 crore on total income of ₹4.36 crore, the group leveraged its subsidiaries to generate substantial scale. Notably, non-controlling interests accounted for ₹983 crore of the total PAT, indicating that minority shareholders in subsidiaries like CIFCL and CMSGICL captured more than half of the group’s net earnings for the quarter. This structure underscores the holding company’s reliance on subsidiary performance for overall profitability.

Standalone Results

On a standalone basis, total income increased to ₹4.36 crore from ₹3.65 crore in the corresponding quarter of the previous year. PAT doubled to ₹4.38 crore from ₹2.11 crore. Interest income rose to ₹1.86 crore from ₹1.15 crore, while dividend income was nil compared to ₹48.48 crore in the preceding quarter.