Cholamandalam Investment and Finance Company Limited has filed an official clarification with stock exchanges on February 26, 2026, categorically denying media reports about Executive Chairman Vellayan Subbiah's departure from the financial services company.

Stock Exchange Filing Addresses Media Reports

The company submitted a formal statement to both NSE and BSE under Regulation 30, directly responding to a Moneycontrol article titled "Vellayan Subbiah to exit Cholamandalam Investment Finance as part of Murugappa family settlement." Company Secretary P. Suajtha signed the official communication, which included a detailed statement from Subbiah's office.

Executive Chairman Confirms Continued Role

In the attached statement, Subbiah's office described the exit speculation as "factually incorrect and entirely baseless." The statement confirms that Subbiah continues as Executive Chairman under his duly approved five-year appointment term running from April 1, 2025 to March 31, 2030.

Management Structure Remains Unchanged

The official clarification emphasizes that no changes have occurred in the management control structure or ownership of the Group's businesses. The current management arrangement, established several years ago, continues with Cholamandalam Investment maintaining its existing leadership framework.

The statement confirms that Vellayan Subbiah and M A M Arunachalam continue overseeing Tube Investments of India, Cholamandalam Investment and Finance Company, CG Power and Industrial Solutions, and their respective subsidiaries.

Regulatory Compliance and Transparency

The company reaffirmed its commitment to compliance with SEBI disclosure requirements, stating it will make appropriate disclosures as and when any event requiring disclosure occurs. This formal response demonstrates the company's dedication to maintaining transparency and correcting misinformation in the market.

The Group emphasized its commitment to continuity and stability in governance and management, requesting media outlets carry the clarification to correct the record and prevent the spread of misinformation.

Source: None/Company/INE121A01024/3521dac9-68db-477a-8a06-1b7cc5031350.pdf

Cholamandalam investment and Finance Company Limited has executed a significant block trade on the National Stock Exchange (NSE), marking a notable institutional transaction in the financial services sector.

Transaction Details

The block trade involved substantial volume and value, demonstrating institutional interest in the company's shares.

Block Trade Significance

Block trades are large-volume transactions typically executed by institutional investors, mutual funds, or other large market participants. These trades are conducted outside the regular order book to minimize market impact and ensure efficient price discovery for substantial volumes.

The execution price of ₹1703.20 per share reflects the prevailing market conditions at the time of the transaction. Such trades often indicate institutional portfolio rebalancing, strategic investments, or divestment activities by large stakeholders.

Market Impact

The completion of this block trade represents significant institutional activity in Cholamandalam Investment and Finance Company's shares. Block trades of this magnitude typically reflect confidence in the company's fundamentals and provide liquidity to institutional investors seeking to execute large transactions without affecting the stock's market price through regular trading channels.