Cholamandalam Investment and Finance Company Limited — Others, 29-03-2025: Shareholders meeting

Cholamandalam Investment and Finance Company has announced a board meeting to seek shareholder approval for appointing Mr. Vellayan Subbiah as Executive Chairman for a five-year term, effective April 1, 2025. The proposed remuneration includes a salary of ₹28.15 lakh per month, allowances, and annual incentives. Mr. Subbiah, a seasoned professional with over 27 years of experience, is expected to bolster the company's leadership, especially as its assets under management have significantly increased from ₹67,000 crores to ₹1,53,000 crores in recent years. This strategic move may generate a positive outlook among investors, reflecting confidence in the company's future growth trajectory. Voting begins on March 30, 2025, and concludes on April 28, 2025.