Cholamandalam Investment and Finance Company Limited — Others, 29-04-2025: Shareholders meeting

Cholamandalam Investment and Finance Company Limited has announced a board meeting to disclose the successful passing of an ordinary resolution for the appointment of Mr. Vellayan Subbiah as Whole-time Director and Executive Chairman, with 98.02% of votes in favor during remote e-voting. His term will last five years, with remuneration capped at 2.5% of the company’s net profits. This governance change is expected to strengthen leadership and provide strategic direction, enhancing shareholder value.