Cholamandalam Investment and Finance Company Limited has announced the allotment of 98,980 equity shares to employees under its Employee Stock Option Scheme (ESOP). The company informed stock exchanges about this development following the approval from its committee.

Share Allotment Details

The Nomination and Remuneration Committee of the company approved the allotment of equity shares to employees who exercised their stock options. The allotment specifics are outlined below:

Listing and Compliance Process

The company is expected to proceed with applying for the final listing of the allotted shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). This step is part of completing the remaining formalities associated with the share allotment process.

Such notifications are typically filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ensuring compliance with mandatory disclosure requirements for listed companies.

Company Information

Cholamandalam Investment and Finance Company Limited is headquartered at Chola Crest, Guindy, Chennai, and is part of the Murugappa Group.

Cholamandalam Investment and Finance Company Limited has taken a significant step towards restructuring its shareholder categories. The company has filed an application with the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for the re-classification of two entities from the promoter group category to the public category.

Key Details of the Re-classification Application

• Entities Involved:

  1. Yanmar Coromandel Agrisolutions Private Limited
  2. Coromandel Engineering Company Limited

• Current Category: Promoter Group

• Proposed Category: Public

• Regulatory Framework: Application filed under Regulation 31A of SEBI Listing Regulations

Background and Process

The company's Board of Directors had previously approved the request from these entities for re-classification. This move follows the board's decision and is in line with regulatory requirements for such changes in shareholder categories.

Regulatory Compliance

Cholamandalam Investment has adhered to the necessary regulatory procedures in this process:

1. Board Approval: Obtained on November 6, 2025
2. Application Filing: Completed on November 10, 2025
3. Stock Exchanges Notified: Both NSE and BSE

Implications

The re-classification is subject to approval from the stock exchanges. If granted, it could potentially alter the ownership structure of Cholamandalam Investment. However, the immediate impact on the company's operations or stock performance is not clear from the available information.

Company's Statement

P Sujatha, Company Secretary of Cholamandalam Investment and Finance Company Limited, confirmed the filing of the application in a letter to the stock exchanges, stating, "We hereby inform you that the Company has today i.e. 10 November, 2025, filed an application for re-classification to Public Category, with the Stock Exchanges i.e., National Stock Exchange of India Limited and BSE Limited in terms of Regulation 31A of the SEBI Listing Regulations."

Investors and market participants may keep a close watch on the progress of this application and any subsequent changes in the company's shareholding pattern.