Cholamandalam Investment Reaffirms Guidance, Dismisses Allegations As Baseless

Cholamandalam Investment and Finance Company Ltd has issued a clarification to the market, stressing that its business fundamentals and strategic roadmap remain intact. Management has stated that the company will keep executing as per the board-approved business plan and that there is no revision to growth or performance guidance communicated in earlier interactions with analysts and shareholders.

The communication comes in the backdrop of negative commentary circulating through blogs and third-party posts, which the company has strongly refuted. CIFCL has categorically termed these allegations as unfounded, adding that such content appears to be driven by an external agency and does not reflect the company’s governance standards, asset quality, or operating practices.

Key Highlights

The company reiterates that it will continue to deliver in line with the board-sanctioned business plan, indicating confidence in its asset growth, profitability, and risk-management framework.

Management confirms there is no change or downward revision to previously articulated guidance, signalling stability in outlook despite market noise.

Allegations made in certain blogs and social media posts are described as baseless and not supported by facts, with CIFCL positioning the clarification as an effort to protect shareholders from misinformation.

The clarification aims to reassure lenders, investors, and rating agencies that operational performance remains on track and that digital or agency-led narratives will not alter the company’s strategic execution.

Sources: Cholamandalam Investment