Cholamandalam Investment And Finance Company has informed that the Board of Meeting was held on Wednesday, 29th March, 2017 at the registered office of the Company at 11.30 a.m to consider the satisfaction of charges of the secured loan from Director amounting to Rs 22,600,000. It has been approved to remove the charge and reclassify the amount as unsecured loan in the records of the Company.
The above information is a part of company’s filings submitted to BSE.