Cholamandalam Financial Holdings has declared a final dividend of 130%, equating to ₹1.30 per equity share, for the fiscal year ending March 31, 2026. This decision was made during the company’s board meeting held on May 8, 2026. The dividend will be distributed to shareholders within 30 days following the 77th Annual General Meeting (AGM), scheduled for August 14, 2026, pending shareholder approval. The record date for the AGM and dividend payment is set for August 7, 2026.
In addition to the dividend announcement, Cholamandalam Financial Holdings reported changes in its key managerial personnel. Mr. N Ganesh, the current Chief Financial Officer (CFO), has resigned effective from the close of business on June 14, 2026. Mr. Ganesh’s departure is described as a professional decision without any other material reasons.
Following Mr. Ganesh’s resignation, Mr. Shyam Shankar has been appointed as the new CFO, effective June 15, 2026. Mr. Shankar’s appointment was recommended by the Nomination and Remuneration Committee. Furthermore, Mr. Shankar will also assume the role of Manager of the company for a five-year term starting June 15, 2026, subject to shareholder approval.
The board meeting, which commenced at 12 noon and concluded at 2 pm, also approved the audited financial results for the year ended March 31, 2026. These results, along with the statement of assets and liabilities and the statement of cash flows, will be made available on the stock exchange website and through newspaper advertisements containing a QR code for easy access.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).