Cholamandalam Investment and Finance Company Limited — Board Meeting, 24-03-2025: Outcome of Board Meeting

The Board has approved the appointment of Mr. Vellayan Subbiah as Executive Chairman for a term of five years starting April 1, 2025. This appointment is subject to shareholder approval via postal ballot. Mr. Subbiah, with a solid background in consulting and financial services, previously served as the Managing Director and currently holds a Non-Executive Chairman position until March 31, 2025. His leadership acclaim includes being named 'EY Entrepreneur of the Year' in 2023 and 2024. The Board has concluded its meeting, which commenced at 2:30 p.m. and ended at 5:45 p.m.