News ArticleCholamandalam Investment Proposes ₹5,000 Crores Qualified Institutions Placement Through Shareholder Postal Ballot
Shareholders to vote electronically from November 10 to December 9, 2026, on raising funds via equity and convertible securities in multiple tranches
Cholamandalam Investment and Finance Company Limited has issued a postal ballot notice on November 9, 2026, seeking shareholder approval to raise up to ₹5,000 crores through issuance of equity shares and/or convertible securities via a Qualified Institutions Placement (QIP). The fundraise will be conducted in one or more tranches to eligible qualified institutional buyers, with remote e-voting open from November 10 to December 9, 2026.
Cholamandalam Investment and Finance Company Limited
Preferential Issue
Cholamandalam Investment and Finance Company Limited has issued a postal ballot notice seeking shareholder approval to raise up to ₹5,000 crores by issuing equity shares and/or convertible securities through a Qualified Institutions Placement (QIP).
The proposed fundraise will be conducted in one or more tranches to eligible qualified institutional buyers.
The postal ballot notice was dispatched electronically on November 9, 2026, to all shareholders registered as of October 30, 2026.
Shareholders can cast their votes remotely via electronic voting between 9:00 a.m. IST November 10 and 5:00 p.m. IST December 9, 2026.
The results of the remote e-voting will be declared within two working days after the e-voting period ends, and will be available on the company’s website and the stock exchanges.
The special resolution requires at least three times the number of votes in favor compared to votes against for passage.
Highlights
- Fundraising amount capped at ₹5,000 crores via Qualified Institutions Placement.
- Voting period open from November 10 to December 9, 2026, through remote e-voting.
- Eligible institutional buyers will be offered equity shares and/or convertible securities.
- Postal ballot notice dispatched electronically to shareholders registered by October 30, 2026.
- Voting results to be announced by December 11, 2026, and shared with BSE and NSE.
Key Data Snapshot
What happened
- Cholamandalam Investment and Finance Company Limited plans to raise funds up to ₹5,000 crores via issuance of equity shares and/or convertible securities.
- The capital raise will occur through a Qualified Institutions Placement (QIP) offered to eligible qualified institutional buyers in one or more tranches.
- Shareholder approval is sought via a special resolution by postal ballot conducted entirely through remote electronic voting.
Key details
- Postal ballot notice was electronically dispatched on 9 November 2026 to shareholders registered by the cutoff date of 30 October 2026.
- Remote e-voting opened on 10 November 2026 at 9:00 a.m. IST and will close on 9 December 2026 at 5:00 p.m. IST.
- Voting results will be declared within two working days after the voting closes and published on the company and stock exchanges’ websites.
- The special resolution requires a minimum of three times the votes in favor compared to those against to be passed.
Regulatory and governance context
- The fundraising is proposed under applicable provisions of the Companies Act, Securities and Exchange Board of India regulations including SEBI ICDR and Listing Regulations, and Foreign Exchange Management Act.
- The company follows guidelines including postal ballot procedures under Companies Act sections 108 and 110 and related rules for the remote voting process.
- The Postal Ballot Notice includes an explanatory statement detailing the material facts and rationale for the proposed issuance.
Next milestones
- Voting period concludes on 9 December 2026 at 5:00 p.m. IST, after which e-voting is disabled.
- The scrutinizer will submit their report to the Executive Chairman, who will declare the voting results by 11 December 2026.
- If passed, the special resolution will be effective as of 9 December 2026, the last date of voting.
Highlights
- Fundraising amount capped at ₹5,000 crores via Qualified Institutions Placement.
- Voting period open from November 10 to December 9, 2026, through remote e-voting.
- Eligible institutional buyers will be offered equity shares and/or convertible securities.
- Postal ballot notice dispatched electronically to shareholders registered by October 30, 2026.
- Voting results to be announced by December 11, 2026, and shared with BSE and NSE.
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Sections 108 and 110 of the Companies Act, 2013
- Companies (Management and Administration) Rules, 2014
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Foreign Exchange Management Act, 1999 and related rules
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