Cholamandalam Investment and Finance Company Ltd

Capital / Securities

• Type of security: Secured Non-Convertible Securities via private placement (NSE EBP).
• No. of securities: 35,000; amount allotted: ₹350 crore.
• Size of the issue: ₹1,000 crore; green shoe: ₹650 crore.
• Tenure: 2 years 10 months 11 days; coupon 8.64%; re-issue yield 7.98%.
• Coupon dates: 2 Jul 2027 and 2 Jul 2029; security: 1x.

ESOP share allotment

• Nomination and Remuneration Committee approved allotment of 43,050 equity shares to employees under ESOP.
• Company to apply for final listing on NSE and BSE and complete post-allotment formalities.

AGM Details

• Date: 28 July 2026; Start 03:30 PM, end 04:16 PM; mode: Video Conference
• Record date for votes: 21 July 2026

Resolutions and outcomes

• Ordinary: Adoption of standalone financial statements and board's report; passed
• Ordinary: Adoption of consolidated financial statements and auditors' report; passed
• Ordinary: Interim dividend for 31 March 2026 and final dividend for year end; passed
• Ordinary: Re-appointment of Ravindra Kumar Kunddu as Director; passed
• Special: Increase in the borrowing powers of the company; passed

Dividend

• Interim and final dividend for year ended 31 March 2026 declared; per-share amount not disclosed

Director changes

• Re-appointment of retiring director Ravindra Kumar Kunddu as Director

Other material approvals

• No material related party transactions disclosed in this filing

Meeting Details

• Date: 28 July 2026; Time: 4:30 p.m.; Earnings call.
• Type: earnings call; Mode: audio recording posted online.
• Organiser/Event: Earnings Call for quarter ended 30 June 2026; organised by Cholamandalam Investment and Finance.

Participants

• Key company participant: Company Secretary.

Purpose

• Purpose: Earnings call to discuss Q1 2026 results.

Additional Notes

• Recording: Audio recording of earnings call uploaded on the company website.

AGM details

• Date and time: 28 July 2026 at 3:30 PM.
• Mode: Video Conferencing.

Key resolutions

• Ordinary: Adopt standalone financial statements, Board report, and auditor's report for FY2025-26.
• Ordinary: Adopt consolidated financial statements and auditors' report for FY2025-26.
• Ordinary: Confirm interim dividend of Rs 1.30 and final dividend of Rs 0.70 per share.
• Ordinary: Re-appoint Ravindra Kumar Kundu, Director retiring by rotation.
• Ordinary: Increase borrowing powers under sections 180(1)(a)/(c) up to Rs 4,00,000 crores.

Voting status

• Voting results to be announced within two working days of AGM.

Business overview

• NBFC focused on Auto, MSME, and Consumer financing across multiple segments.
• Strategic initiatives include Chola One super-app and GenAI-enabled underwriting and collections.
• AUM crossed ₹2.42 lakh Cr in FY26; target ₹2.54 lakh Cr by FY27.
• Branch network 1,820; plan to 2,508 branches by FY27.
• Long-term ratings AA+/Stable; ST CP A1+; LCR 194%; CAR 19.81%.

Operational highlights

• Q1 FY27 disbursements ₹29,612 Cr; total AUM ₹2,33,586 Cr; YoY +22%.
• NIM improved to 8.2% from 7.8%; ROE 21.2%.
• PBT ₹2,220 Cr; PAT ₹1,656 Cr; PBT +45%; PAT +46% YoY.
• GNPA 4.50%; NNPA 2.95%; Stage 3 3.29%; CAR 19.81%; Tier I 14.81%.
• Total employees 75,882; branches 1,820; diversified product mix.

Financial performance

• Consolidated income ₹8,957 Cr; PBT ₹2,222 Cr; PAT ₹1,656 Cr.
• YoY growth: PBT +45%; PAT +46%; ROE 21.2%.
• AUM across segments: Vehicle Finance, LAP, HL, CSEL, SBPL, SME, Gold.
• RWA ₹2,05,177 Cr; LCR 194%; CAR 19.81%; Tier I 14.81%.

Capital structure & liquidity

• Diversified funding mix across bank term loans, debentures, IFIs, ECB; well-structured ALM.
• LCR average 194% (daily); RBI minimum 100%; no breaches against internal thresholds.
• Ratings: LT IND AA+/Stable; CARE/ICRA AA+/Stable; ST CP A1+.

Strategic priorities & outlook

• Growth outlook: LAP 19–21% YoY in FY2027; credit costs moderating.
• Chola One phased rollout: Phase 1 CSEL; Phase 2 HL/SME/LAP/SBPL; Phase 3 later.
• GenAI across lending value chain; digital LOS, e-KYC, enhanced collections.
• Expansion into rural and Tier 1/2 markets; focus on high-quality asset portfolio.

Risks & mitigation

• Credit costs expected to moderate to ~2.0–2.2% in FY2027; macro risks possible.
• Asset quality anticipated rangebound; mitigated by diversified underwriting and robust collections.
• Stress testing, EWS, and proactive portfolio monitoring embedded in risk governance.

Governance & leadership

• Promoters hold 49%; FIIs 25%; Public 5%; Mutual Funds 16%; Corporates 5%.
• Board committees cover Risk Management, ALM, Audit, CSR, Customer Service; centralized compliance oversight.

Financial results approved

• Unaudited standalone Q1 FY27 results approved; total income 8,932.95 crore.
• Standalone PAT 1,653.59 crore; basic EPS 19.40.
• Consolidated Q1 FY27 results approved; total income 8,956.68 crore; PAT 1,656.22 crore.
• Results to be published in prescribed format with QR code.

NCD funding plan

• NCD issuance approved aggregating Rs 55,000 crore; private placement in one/more tranches.
• Disclosures under Regulation 52/54 to be provided at issuance/allotment.
• NCDs secured via exclusive charge; asset cover above 100%.

Utilisation of NCD proceeds

• Utilisation of proceeds: No deviation; funds utilized per KID/offer documents.
• Annexure confirms full utilization with no deviation.

Auditor statements

• Independent auditor's reviews on standalone and consolidated results with unmodified conclusions.
• No material auditor remarks or emphasis of matter.

Regulatory impact

• Labour Codes notified 21 Nov 2025; employee benefits expense up Rs 49.45 crore standalone/consolidated.
• Company to monitor final rules and adjust accounting accordingly.

Liquidity and capital adequacy

• Liquidity: cash and cash equivalents ₹22,765 crore; total liquidity ₹23,984 crore.
• CAR 19.81%; Tier I 14.81%.