Cholamandalam Investment and Finance Company , a prominent player in the Indian financial services sector, recently executed a significant block trade on the National Stock Exchange (NSE). The transaction, involving approximately 350,249 shares, was carried out at a price of Rs. 1,610.50 per share, amounting to a total value of Rs. 56.41 crores.

Transaction Details

To provide a clear picture of the block trade, here's a breakdown of the key details:

This substantial transaction underscores the continued interest in Cholamandalam Investment's shares among institutional investors and large traders.

Recent Corporate Actions

While not directly related to the block trade, it's worth noting that Cholamandalam Investment has been actively managing its capital structure. According to recent LODR (Listing Obligations and Disclosure Requirements) data, the company has approved the conversion of 30,700 compulsorily convertible debentures (CCDs) into equity shares.

Conversion Details

This conversion has led to a slight increase in the company's issued and paid-up capital. The conversion price was set at a 15% discount to the seven-day volume-weighted average price of the company's shares traded on NSE preceding October 1, 2025.

Impact on Share Capital

The conversion of CCDs has resulted in the following changes to the company's share capital:

These corporate actions, along with the recent block trade, reflect the dynamic nature of Cholamandalam Investment's equity market activities and its efforts to optimize its capital structure.

Investors and market participants will likely keep a close eye on Cholamandalam Investment's future market movements and corporate strategies as the company continues to navigate the evolving financial services landscape.

Cholamandalam Investment has received a request from Coromandel Engineering Company Limited (CECL) for reclassification from the 'Promoter and Promoter group' category to the 'Public' category. This request follows a change in control of CECL that occurred on December 29, 2023.

Background of the Reclassification Request

The reclassification request is a result of a Share Purchase Agreement executed on September 29, 2023, in which the Murugappa Group divested their entire shareholding in CECL. Consequently, CECL no longer holds any shares in Cholamandalam Investment.

Key Points of the Reclassification Request

Shareholding and Control

• CECL currently holds no shares in Cholamandalam Investment.
• The company confirms it does not hold more than 10% of the voting rights.
• CECL asserts it does not exercise control over Cholamandalam Investment's affairs or possess any special rights through formal or informal arrangements.

Management and Representation

• CECL has no representation on Cholamandalam Investment's board of directors.
• The company is not acting as a key managerial personnel in Cholamandalam Investment.

Regulatory Compliance

The reclassification request complies with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. CECL has confirmed its adherence to all necessary requirements specified under this regulation.

Next Steps

1. Cholamandalam Investment's Board of Directors will review the request for approval.
2. Upon board approval, Cholamandalam Investment will seek further approvals from the National Stock Exchange of India Limited (NSE) and BSE Limited.

Additional Information

CECL formally submitted its reclassification request to Cholamandalam Investment on September 24, 2025. In the request letter, CECL's Chief Financial Officer, Abubucker Ismath Razack, provided additional assurances:

• CECL is not classified as a 'wilful defaulter' by the Reserve Bank of India.
• The company has not been categorized as a fugitive economic offender.
• CECL does not act in concert with the Promoter/Promoter Group of Cholamandalam Investment.
• The company is not privy to any price-sensitive information relating to Cholamandalam Investment and its securities.

This reclassification request signifies a notable change in the relationship between Coromandel Engineering Company Limited and Cholamandalam Investment, reflecting the evolving corporate structure following the Murugappa Group's divestment from CECL.