Cholamandalam investment and Finance Company Limited has completed the allotment of equity shares to employees under its Employee Stock Option Scheme (ESOP). The company's Nomination and Remuneration Committee approved this significant employee benefit initiative on March 12, 2026.

Share Allotment Details

The allotment encompasses a substantial number of equity shares distributed to eligible employees who exercised their stock options.

Regulatory Compliance and Listing Process

The company has formally notified both major stock exchanges about this allotment. Cholamandalam Investment and Finance Company Limited will proceed with applying for the final listing of these newly allotted shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The communication was signed by P. Sujatha, Company Secretary, who confirmed that the company will complete all remaining issue formalities as part of the listing process. This step ensures full regulatory compliance and maintains transparency with market participants.

Corporate Structure

Cholamandalam Investment and Finance Company Limited operates from its headquarters at "Chola Crest", located in the Thiru-Vi-Ka Industrial Estate, Guindy, Chennai. The company maintains comprehensive customer support services through its toll-free number and dedicated email support system, reflecting its commitment to stakeholder engagement.

Cholamandalam Investment and Finance Company Limited has successfully concluded its postal ballot process for the re-appointment of Mr. Anand Kumar (DIN: 00818724) as an Independent Director. The special resolution was passed with requisite majority on March 8, 2026, demonstrating strong shareholder confidence in the company's governance structure.

Postal Ballot Results

The remote e-voting process yielded decisive results in favour of the resolution. Out of 172383 total shareholders, 1450 shareholders participated in the voting process through the electronic platform.

Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting mode, in compliance with Ministry of Corporate Affairs circulars. The voting period commenced on February 7, 2026 at 9:00 a.m. IST and concluded on March 8, 2026 at 5:00 p.m. IST. The cut-off date for determining eligible shareholders was set as January 30, 2026.

Category-wise Voting Pattern

The voting results showed strong support across all shareholder categories:

Director Appointment Details

Mr. Anand Kumar will serve his second term as Independent Director for five consecutive years from March 16, 2026 to March 15, 2031. The appointment complies with provisions of Sections 149 and 152 of the Companies Act, 2013, along with Schedule IV and SEBI Listing Regulations. The director will not be liable to retire by rotation during this tenure.

Regulatory Compliance

CS R. Sridharan of R. Sridharan & Associates, Practicing Company Secretaries, Chennai, served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed full compliance with Companies Act, 2013 provisions and MCA circulars. The postal ballot notice was dispatched on February 6, 2026, and advertisements were published in Business Line (English) and Dinamani (Tamil) on February 7, 2026.

The voting results and scrutinizer's report have been made available on the company's website at cholamandalam.com and NSDL's e-voting portal at evoting.nsdl.com, ensuring transparency in the governance process.