Cholamandalam Investment and Finance Company Limited — Others, 24-03-2025: Change in Director(s)

The Board of Directors of Cholamandalam Investment and Finance Company Ltd. has approved the appointment of Mr. Vellayan Subbiah as Executive Chairman for a five-year term, effective April 1, 2025. He will succeed the current Non-Executive Chairman role he holds until March 31, 2025. Mr. Subbiah, with extensive experience in multiple sectors and past leadership positions within the company, aims to drive strategic growth. This leadership transition may foster investor confidence, with the potential for a positive outlook as he steers the company through upcoming challenges and opportunities. Shareholder approval will be sought via postal ballot.