Cholamandalam Investment and Finance Company Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
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Cholamandalam Investment and Finance has notified that its 47th AGM will be held on Thursday, July 31, 2025 at 3:30 p.m. IST via video conference. Key items on the agenda include adoption of audited standalone and consolidated financial statements for FY25, confirmation of an interim dividend of ₹1.30 per share (65% on face value of ₹2) already paid, and declaration of a final dividend of ₹0.70 per share (35%), taking total FY25 dividend to ₹2.00 per share. Shareholders will also vote to appoint M/s. BP & Associates as Secretarial Auditors for five years (FY26–FY30) at a remuneration of ₹2.50 lakh, and on a Special Resolution to raise the company's borrowing limit from ₹2,00,000 crore to ₹3,00,000 crore. The company's capital adequacy ratio stood at 19.75% as of March 31, 2025, well above the RBI's 15% threshold, with outstanding borrowings of ₹1,74,946 crore. E-voting runs from July 28 (9 a.m.) to July 30 (5 p.m.), with the cut-off date for eligibility set as July 24, 2025.
The proposed increase in the borrowing ceiling to ₹3 lakh crore points to the NBFC's plans for further business expansion, which could support future loan growth. For shareholders, the total ₹2 per share dividend translates to a 100% payout on face value, offering attractive income, while the agenda items are largely procedural and expected to be approved.