Cholamandalam Investment & Finance Company Ltd

We refer to our letter dated March 28 2023 regarding the share swap agreement (SSA) entered with TVS Supply Chain Solutions Limited (TVSSCSL) White Data Systems India Private Limited (WDSI) and other shareholders of WDSI for the sale of 1275917 equity shares held by the Company in WDSI to TVSSCSL. As consideration for sale of WDSI shares the Company has been allotted 2235265 Compulsory Convertible Preference Shares of TVSSCSL with a face value of Re.1/- per share and the closing actions under SSA was completed on May 8 2023.