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Cholamandalam Investment and Finance Company Limited (CHOLAFIN) announced the outcome of its Postal Ballot conducted through remote e-voting. The Ordinary Resolution for the appointment of Mr. Vellayan Subbiah (DIN: 01138759) as a Whole-time Director, designated as Executive Chairman, for a term of 5 years commencing from April 1, 2025, till March 31, 2030, has been duly passed by the members with the requisite majority.
The remote e-voting commenced on March 30, 2025, and concluded on April 28, 2025. The resolution is deemed to have been passed on April 28, 2025.
Key voting results:
The appointment includes remuneration details such as salary (₹ 28,15,200/- p.m. in the scale of ₹ 20,00,000/- p.m. to ₹ 60,00,000/- p.m.), allowances, perquisites, and an annual incentive. The aggregate remuneration is subject to an overall ceiling of 2.5% of the net profits of the Company for each financial year, computed as per the Companies Act, 2013. Mr. Subbiah, being a promoter, will not be entitled to stock options.
Cholamandalam Investment and Finance Company Limited has uploaded the audio recording of the earnings call held on 28 April, 2025, for the quarter and year ended 31 March, 2025. The recording is available on the company's website at the following link: https://www.cholamandalam.com/investors/call-transcript
Cholamandalam Investment and Finance Company Limited (CHOLAFIN) announced the outcome of its Board Meeting held on 25 April 2025.
The Board approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended 31 March 2025.
Key Standalone Financial Highlights for the year ended 31 March 2025:
The Board recommended a final dividend of Re. 0.70 per equity share (35% per equity share of face value ₹2/- each) for the financial year ended 31 March 2025, out of the profits of the Company. This dividend is subject to approval by shareholders at the upcoming Annual General Meeting (AGM).
The Record Date for determining the eligibility of shareholders for the final dividend is set as 24 July 2025.
The dividend, if approved, will be paid to eligible shareholders whose names appear on the Register of Members as on 24 July 2025, within 30 days from the date of the 47th AGM, i.e., on or before 29 August 2025.
The 47th Annual General Meeting (AGM) of the Company is scheduled to be held on Thursday, 31 July 2025.
Additionally, the Board approved the appointment of BP & Associates, Company Secretaries, as Secretarial Auditors for a period of five consecutive years from FY 2025-26 till FY 2029-30, subject to shareholder approval at the ensuing AGM.
The joint statutory auditors, M/s. B.K. Khare & Co. and M/s. KKC & Associates LLP, have issued an unmodified audit report on the Standalone and Consolidated Financial Results for the financial year ended 31 March 2025.