Cholamandalam Investment and Finance Company (CHOLAFIN) — Voting Results

Cholamandalam Investment and Finance Company Limited (CHOLAFIN) announced the appointment of Mr. Vellayan Subbiah as Executive Chairman effective April 1, 2025, for a five-year term ending March 31, 2030. The Board recommended his appointment following a fit-and-proper assessment by the Nomination and Remuneration Committee, citing his promoter status, industry expertise, and compliance with regulatory norms. Remuneration includes a monthly salary of ₹28.15 lakhs, annual incentive tied to a Balance Scorecard, and ₹1 crore commission for FY 2023-24 paid in FY 2024-25, with no severance fee. The appointment was approved via ordinary resolution under postal ballot and remote e-voting, open until April 28, 2025, with results declared by April 30, 2025. Shareholders voted electronically via NSDL, with detailed login and voting procedures provided for demat and physical holders.

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About Cholamandalam Investment and Finance Company Limited (CHOLAFIN)

Financial Services · Finance · Listed on NSE

Market Cap: ₹1,31,794.92 Cr P/E: 31.9

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