Cholamandalam investment and Finance Company Limited has announced the allotment of 40,600 equity shares under its employee stock option scheme. The company informed stock exchanges about this development through a regulatory filing dated February 2, 2026.

Share Allotment Details

The Nomination and Remuneration Committee of the company approved the allotment of equity shares to employees who exercised their options under the employee stock option scheme. The key details of the allotment are presented below:

Listing Process

Following the allotment, Cholamandalam Investment and Finance Company will initiate the listing process for these newly allotted shares. The company has indicated that it will be applying for final listing of the 40,600 equity shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

This step is essential to complete the remaining formalities related to the share allotment and ensure that the newly issued shares are tradeable on the stock exchanges.

Regulatory Compliance

The company has duly informed both stock exchanges about this allotment through proper regulatory channels. The filing was signed by P. Sujatha, Company Secretary, ensuring compliance with listing requirements and transparency obligations.

This allotment represents the successful exercise of employee stock options by eligible employees, reflecting the company's commitment to employee participation in its growth through equity-based compensation schemes.

Cholamandalam Investment and Finance Company Limited has received board approval for the reclassification of Algavista Greentech Private Limited from promoter group to public category under SEBI regulations. The decision was taken at the board meeting held on January 30, 2026, following a formal request received from Algavista Greentech on December 18, 2025.

Application Filed with Stock Exchanges

Following the board approval, the company has now filed a formal application with both National Stock Exchange of India Limited and BSE Limited for the reclassification process. In a letter dated February 4, 2026, addressed to both stock exchanges, Company Secretary P. Sujatha confirmed the submission of the application under Regulation 31A of the SEBI Listing Regulations.

Board Approval and Regulatory Compliance

The board of directors considered the reclassification request and confirmed Algavista Greentech's eligibility pursuant to Regulation 31A(3)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The approval was granted in accordance with the requirements under Regulation 31A of the listing regulations.

Current Shareholding Position

The current shareholding details of Algavista Greentech Private Limited in Cholamandalam Investment are as follows:

Regulatory Process and Next Steps

Algavista Greentech Private Limited has provided undertakings in their request letter to comply with all requirements specified in Regulation 31A(4) of the listing regulations at all times. The reclassification remains subject to receipt of no-objection from the stock exchanges as required under Regulation 31A of the SEBI Listing Regulations before becoming effective.

The formal application filing represents the next step in the regulatory process, moving the reclassification request from board approval stage to active consideration by the stock exchanges for final approval.