Cholamandalam Investment and Finance Company Limited at its meeting held on March 21, 2024 took note that Mr. Rohan Verma, Non Executive Independent Director completes his first term of five years on March 24, 2024 (close of business hours). Mr. Rohan Verma vide a letter dated 21 March 2024 has informed the board his intent not to proceed with the second term as an Independent Director of the Company. Accordingly, Mr. Verma will retire as a director of the Company effective the close of business hours on March 24, 2024 upon completion of 1st term.

Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Mr. Rohan Verma is the Chief Executive Officer & Executive Director of C.E. Info Systems Limited.