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Cholamandalam Investment & Finance Company is one of the premier diversified non-banking finance companies in India,engaged in providing vehicle finance, home loans and Loan against property.
Cholamandalam Finance secured stock exchange approval to re-classify Algavista Greentech Private Limited from its Promoter Group to the Public category. This adjusts the company's ownership structure.
Cholamandalam Investment reports strong Q4/FY26: PAT up 30%/23% to ₹1,641 Cr/₹5,220 Cr. AUM jumped 21% to ₹2,42,630 Cr, with Q4 disbursements at ₹32,913 Cr. Asset quality improved, with NNPA at 2.87%. Company proposes ₹0.70/share final dividend, with an AGM on July 28.
Cholamandalam has filed an application for Algavista Greentech (a promoter group entity) to be re-classified as 'Public'. This move will adjust the company's shareholding structure by increasing public ownership.
Cholamandalam Investment received a request for Algavista Greentech (AGPL) to reclassify from Promoter Group to Public. This follows E.I.D.-Parry divesting its stake in AGPL, which holds no shares in the company. The Board will review the reclassification request.
Cholamandalam Finance received a request from Coromandel Engineering (CECL), a former promoter group entity, to reclassify to the public category. CECL divested its full stake and now holds zero shares. The Board will consider this reclassification.