Cholamandalam Financial Holdings Ltd

Financial Performance

• GDPI Rs. 1,860 crores; +2.6% YoY
• GWP Rs. 2,130 crores; +6.7% YoY
• Net earned premium Rs. 1,671 crore
• Claims ratio 85.6%; combined ratio 120.4%
• Operating profit Rs. 71 crore; PBT Rs. 116 crore
• Investment portfolio Rs. 19,000 crore
• Investment income Rs. 380 crore
• Portfolio yield 7.31%
• Solvency ratio 1.93x
• Health: 99% claims settled within 30 days; NPS 73
• Motor portfolio grew ~5.7%; mix: Cars 48%; CV 42.5%; 2W 9.5%

Operating Update and Segments

• Motor growth driven by commercial vehicles; pricing discipline across segments
• Commercial lines declined 15.5% in Q1; fire down 28% industry-wide
• Health growth moderated; PSU-bank pricing corrections; SME expansion
• Inward reinsurance capacity comparable to peers; favorable treaties
• Gift City capacity; pricing discipline expected next year

Balance Sheet and Cash Flows

• Investment portfolio Rs. 19,000 crore
• Investment income Rs. 380 crore
• Portfolio yield 7.31%
• Solvency ratio 1.93x
• No standalone debt numbers disclosed

Outlook and Guidance

• Market conditions remain challenging near term; motor OD, health, and commercial pricing
• Motor issuance platform rollout; motor-claims workflow enhancements underway
• Ind AS readiness, RBC framework, and DPDP compliance progressing
• IRDAI-forbearance; IFRS adoption framework effective Apr 2027

Q&A Highlights

• OD loss ratio target: high-70s initially; progress to mid-70s over time
• TP reserves driven by claims inflation; not just reserve strengthening
• Retail health decline due to PSU pricing corrections; exploring Bancassurance/SME
• Reinsurance: Gift City capacity; pricing discipline likely next year
• CAT losses Rs 3,000–4,000 crore; hours clauses limit aggregation
• IFRS transition: forbearance approved; framework from Apr 2027; SPFS filing pending
• Supreme Court threshold Rs 30,000; not uniformly applied across cases

Risks and Watchpoints

• Pricing pressures remain in fire, health; claims inflation ongoing
• OD loss ratio target depends on corrective actions delivering traction
• Regulatory and legal developments around Supreme Court judgments
• Reinsurance capacity and Gift City developments could impact pricing

AGM Details

• AGM held on August 14, 2026 from 2:30 PM to 3:30 PM IST, via Video Conference.

Resolutions

• Items of business per AGM notice were transacted; details not provided in this excerpt.

Voting

• E-voting conducted; results to be published on the company website and stock exchanges.

Directors/Auditors

• No changes to directors or auditors disclosed in this excerpt.

AGM details

• AGM held on 14 August 2026 via Video Conference from 2:30 PM to 3:30 PM.
• Record date: 07 August 2026; shareholders on record 44,931.

Resolutions and outcomes

• Item 1: Ordinary adoption of standalone financial statements; passed with 99.991% in favour.
• Item 2: Ordinary adoption of consolidated financial statements; passed with 99.991% in favour.
• Item 3: Ordinary dividend declaration; passed with 99.991% in favour.
• Item 4: Ordinary re-appointment of Mr. Subbiah; passed with 98.3497% in favour.
• Item 5: Ordinary appointment of Mr. Shyam Shankar as Manager for five years; passed with 99.8992%.

Directors and key management

• Re-appointment of Vellayan Subbiah as director (retiring by rotation).
• Shyam Shankar appointed Manager for five years.

AGM details

• AGM held 14 August 2026 at 2:30 PM via Video Conference; e-voting cut-off Aug 7, 2026.

Key resolutions

• Adopt standalone financial statements for year ended March 31, 2026.
• Adopt consolidated financial statements for year ended March 31, 2026.
• Approve final dividend for FY 2025-26.
• Re-appoint director retiring by rotation: Vellayan Subbiah.
• Appoint Shyam Shankar as Manager for five years from June 15, 2026.

Voting status

• Voting results to be announced by August 18, 2026.
• Outcome of resolutions not disclosed in the summary.

Meeting Details

• Date: 14 August 2026; Time: 4:30 p.m. IST.
• Type/Mode: Group call (virtual).
• Organizer: IIFL Capital Services Limited.
• Purpose: Discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Key company participants: Not specified in the filing.

Meeting Details

• Board meeting on August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended June 30, 2026.

Other Notes

• Trading window for Designated Persons closed Apr 1, 2026 to Aug 16, 2026.

Dematerialisation status

• Details of dematerialised/rematerialised securities for quarter ended June 30, 2026 furnished to all stock exchanges where listed.

Meeting Details

• Board meeting scheduled for Friday, 8 May 2026.

Key Agenda Items

• Consider recommendation of dividend for financial year ended 31 March 2026.
• Dividend, if recommended, will be placed before shareholders at the ensuing AGM.

Other Notes

• No additional material items were disclosed in this filing.