Cholamandalam Investment and Finance Company Limited has announced the allotment of 64,690 equity shares under its employee stock option scheme on January 7, 2026. The Nomination and Remuneration Committee of the company approved the allotment of these equity shares of ₹2.00 each to employees who exercised their stock options.

ESOP Allotment Details

The company processed the allotment following the exercise of employee stock options by eligible employees under the established employee stock option scheme. The allotment represents the company's ongoing commitment to employee participation in equity ownership and aligns with standard corporate practices for employee incentive programs.

Regulatory Compliance and Listing Process

Cholamandalam Investment has informed both the National Stock Exchange of India Limited and BSE Limited about the equity allotment in compliance with listing requirements. The company will be applying for the final listing of the allotted shares on both NSE and BSE to complete the remaining formalities of the issue process.

Corporate Governance and Documentation

The allotment process was duly authorized and documented with proper corporate governance protocols. Company Secretary P. Sujatha digitally signed the disclosure document, ensuring authentication and compliance with regulatory requirements. The notification was processed and communicated to stock exchanges on the same day as the allotment approval, maintaining transparency with stakeholders and regulatory authorities.

Employee Benefit Program Implementation

The successful allotment of 64,690 equity shares demonstrates the active utilization of Cholamandalam Investment's employee stock option scheme. This corporate action provides employees with equity participation opportunities while supporting the company's talent retention and incentive strategies. The completion of listing formalities will enable the allotted shares to be traded on both major stock exchanges.

Mahindra Logistics Limited has received a GST penalty order from tax authorities in Jharkhand, as disclosed in a regulatory filing under SEBI Regulation 30. The company received the order on December 31, 2025, via email intimation at 16:39 PM IST.

GST Penalty Details

The State Tax Officer, GST, Ranchi-South, Jharkhand has imposed a penalty on the logistics company for alleged excess Input Tax Credit claims during the financial year 2021-2022. The penalty has been levied under applicable provisions of multiple GST acts.

Total Financial Implications

The GST order encompasses multiple financial components beyond the penalty amount. The company has provided a comprehensive breakdown of all financial implications arising from the assessment order.

These amounts will form part of the contingent liabilities in the company's financial statements, as disclosed in the regulatory filing.

Company's Response and Outlook

Mahindra Logistics has expressed confidence regarding the resolution of this matter. Based on the company's internal assessment, prevailing legal framework, and advice from legal counsel, the management remains optimistic about the outcome at higher adjudicating levels.

The company has stated that it does not reasonably expect the GST order to have any material financial impact on its operations. This assessment suggests that the company believes it has strong grounds for appeal at the next adjudicating authority or tribunal level.

Regulatory Compliance

The disclosure has been made in compliance with SEBI regulations, specifically under Clause 8 of Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this information on its official website under the disclosures section, ensuring transparency for all stakeholders.