Cholamandalam Investment and Finance Company Limited has announced a board meeting scheduled for January 30, 2026, to review and approve its quarterly financial performance. The meeting will focus on considering the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has formally notified both the National Stock Exchange of India Limited and BSE Limited about the upcoming board meeting under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is scheduled to take place on Friday, January 30, 2026.

Trading Window Closure

In accordance with regulatory requirements and in connection with the impending publication of financial results, Cholamandalam Investment and Finance Company Limited has implemented a trading window closure for designated persons. This restriction will be effective from January 1, 2026, through February 1, 2026, with both dates being inclusive.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing the stock exchanges about the board meeting schedule. The notification was signed by P. Sujatha, Company Secretary, on January 2, 2026, ensuring timely communication to market participants and regulatory authorities.

The scheduled board meeting represents a routine quarterly review process where the company's directors will evaluate the financial performance for the third quarter of fiscal year 2026. Market participants and investors will await the outcome of this meeting for insights into the company's operational and financial performance during the specified period.

Cholamandalam Investment and Finance Company held a comprehensive investor call on December 23, 2025, to address governance allegations made by an external agency. Executive Chairman Vellayan Subbiah, Managing Director Ravindra Kundu, and CFO Arul Selvan provided detailed clarifications on various concerns raised, reaffirming the company's strong financial position and compliance practices.

Management Calls Allegations Malicious and Baseless

Vellayan Subbiah opened the call by categorically rejecting the allegations as "malicious and baseless" with "ulterior motives." He emphasized that the company's performance, asset quality, and liquidity position remain robust as disclosed in audited financial statements. The management confirmed there has been no revision to earlier guidance and the company will continue delivering as per its board-approved business plan.

Cash Collection Practices Defended

Addressing allegations about large cash deposits, management explained that over 50 lakh customers across 1,700 branches include Self-Employed Non-Professionals (SENPs) who earn and pay in cash. "Some of these borrowers obviously earn and pay in cash, including for their EMIs from us. The amounts we collect in cash have to be deposited in banks," Vellayan Subbiah clarified. Cash collections have reduced significantly from 50% earlier to just 15% currently, with all KYC and income tax compliance done as per legal requirements.

Related Party Transactions Clarified

Management provided comprehensive explanations for related party transactions, particularly addressing the ₹10,000.00 crore figure cited by the agency. Arul Selvan explained this represents accumulated data over eight years (2017-2025), during which regulatory requirements for related party disclosures evolved.

"At every point, the company ensured compliance with the law prevailing then. Applying current disclosure norms retrospectively is completely incorrect," Arul Selvan emphasized.

Murugappa Management Services Structure Explained

Regarding payments to Murugappa Management Services (MMS), Vellayan Subbiah clarified that MMS was incorporated to provide consulting services to all 29 Murugappa Group businesses. The entity centralized functions like business plan reviews, M&A activities, corporate communication, HR, and governance across the group.

Rating Agency Fees Within Industry Norms

Management provided specific details on rating agency payments, demonstrating they are well within industry standards:

This represents just 0.01% of total borrowings, which management noted is "slightly lower than industry" standards.

Strong Operational Performance Continues

Despite the allegations, the company's operational metrics remain strong. Ravindra Kundu indicated that Q3 FY25 would be a "turnaround quarter" with improved disbursements in vehicle finance and home loans. The management expects better numbers compared to the first half, with traditional seasonal improvements in delinquency during Q3 and Q4.

Management concluded by reserving the right to take legal action against the agency for damaging the company's reputation and interests, while reaffirming their commitment to transparent communication with investors and stakeholders.