Cholamandalam Investment and Finance Company Limited has successfully concluded its postal ballot process for the re-appointment of Mr. Anand Kumar (DIN: 00818724) as an Independent Director. The special resolution was passed with requisite majority on March 8, 2026, demonstrating strong shareholder confidence in the company's governance structure.

Postal Ballot Results

The remote e-voting process yielded decisive results in favour of the resolution. Out of 172383 total shareholders, 1450 shareholders participated in the voting process through the electronic platform.

Voting Process and Timeline

The company conducted the postal ballot exclusively through remote e-voting mode, in compliance with Ministry of Corporate Affairs circulars. The voting period commenced on February 7, 2026 at 9:00 a.m. IST and concluded on March 8, 2026 at 5:00 p.m. IST. The cut-off date for determining eligible shareholders was set as January 30, 2026.

Category-wise Voting Pattern

The voting results showed strong support across all shareholder categories:

Director Appointment Details

Mr. Anand Kumar will serve his second term as Independent Director for five consecutive years from March 16, 2026 to March 15, 2031. The appointment complies with provisions of Sections 149 and 152 of the Companies Act, 2013, along with Schedule IV and SEBI Listing Regulations. The director will not be liable to retire by rotation during this tenure.

Regulatory Compliance

CS R. Sridharan of R. Sridharan & Associates, Practicing Company Secretaries, Chennai, served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed full compliance with Companies Act, 2013 provisions and MCA circulars. The postal ballot notice was dispatched on February 6, 2026, and advertisements were published in Business Line (English) and Dinamani (Tamil) on February 7, 2026.

The voting results and scrutinizer's report have been made available on the company's website at cholamandalam.com and NSDL's e-voting portal at evoting.nsdl.com, ensuring transparency in the governance process.

Cholamandalam investment and Finance Company Ltd. has executed a significant block trade transaction, marking notable institutional activity in the stock. The transaction involved approximately 165,509 shares at a price of Rs. 1672.60 per share.

Transaction Details

The block trade represents a substantial market transaction with key parameters outlined below:

Market Significance

Block trades are typically executed by institutional investors and represent large-volume transactions that occur outside the regular market trading mechanism. Such transactions often indicate significant institutional interest in the stock and can influence market sentiment.

The transaction value of Rs. 27.68 crores demonstrates the scale of institutional participation in Cholamandalam Investment and Finance Company's stock. Block trades are commonly used by large investors to execute substantial positions without causing significant market disruption through regular trading channels.

About the Transaction

The execution of this block trade at Rs. 1672.60 per share provides insight into the current institutional valuation of the company's stock. Such transactions are typically pre-negotiated between institutional parties and executed at agreed-upon prices that reflect current market conditions and investor sentiment.