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Cholamandalam Investment & Finance Co.: Intimation On The Outcome Of The Board Meeting Held On 11 November 2020 And Disclosure Under Regulation 30 Of SEBI Listing Regulations


The Board of Directors at their meeting held this morning have approved the following changes in the constitution of the Board of directors of the Company:
1.Appointment of Mr. Vellayan Subbiah (DIN: 01138759) residing at No. 7 Valliammai Achi Road Kotturpuram Chennai 600 085 as an additional director of the Company with effect from 11th November 2020. We hereby confirm that Mr. Vellayan Subbiah is not debarred from holding the office of director by virtue of any Order of SEBI or any other authority.
2.Mr. M.M. Murugappan (DIN: 00170478) stepped down as Chairman and as a Director of the Company effective close of business hours of 11th November 2020 as he turns 65 years of age on 12th November 2020 and wishes to pursue philanthropy and other interests as mentioned by him in his letter to the Board.
3. The Board elected Mr. Vellayan Subbiah as the Chairman of the Board of Directors with effect from 12th November 2020.

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