Cholamandalam Investment and Finance Company Limited has officially filed for reclassification to the Public Category as part of its ongoing corporate strategy. This application was submitted on 10 November 2025 to both the National Stock Exchange of India (NSE) and BSE Limited, following the approval from the company's Board of Directors. The reclassification request comes after discussions with outgoing promoter group members, specifically Yanmar Coromandel Agrisolutions Private Limited and Coromandel Engineering Company Limited, who have sought to transition from the Promoter Group to a public status.

This move aligns with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. By shifting to the Public Category, Cholamandalam aims to enhance its operational flexibility and broaden its investor base. The decision marks a significant step for the company as it seeks to strengthen its position in the market and attract more diverse investments. As the application is processed, stakeholders will be watching closely for updates on the implications this reclassification may have on Cholamandalam's future growth and strategy.