Analysts/Institutional Investor Meet/Con. Call Updates

August 20, 2026 The Manager The Secretary Listing Department BSE Limited, National Stock Exchange of India Ltd 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Fort, Plot No.C-1, Block G Mumbai 400 001 Bandra-Kurla Complex Bandra (E) Mumbai 400 051 Symbol : CHOLAHLDNG Scrip Code : 504973 Dear Sir / Madam, Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘the Listing Regulations’) This is further to our letter dated July 31, 2026 on the schedule of Analyst/ Investor meet. Pursuant to Regulation 30 of the SEBI Listing Regulations, 2015, we wish to inform you that the transcript of the call held with analysts and investors on Friday, August 14, 2026 is enclosed and made available on Company’s website at https://www.cholafhl.com/investors/investor-meet. We request you to take the above on record. Thanking you, Yours faithfully, for CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED E KRITHIKA COMPANY SECRETARY Encl: As above Cholamandalam Financial Holdings Limited (Formerly known as TI Financial Holdings Limited) Dare House, 234, N.S.C Bose Road, Chennai - 600 001, India Tel: 91.44.4217 7770-5 Fax: 91.44.42110404 Website: www.cholafhl.com CIN -L65100TN1949PLC002905 Classification: Public “Cholamandalam Financial Holdings Limited Earnings Call for Q1 FY2027 Financial Results” August 14, 2026 Management: Mr. Sridharan Rangarajan – Non Executive Director Mr. Shyam Shankar – Manager & Chief Financial Officer Mr. Rajive Kumaraswami – Managing Director – Chola MS Mr. Santosh Pandey – Chief Financial Officer – Chola Page 1 of 16 Cholamandalam Financial Holdings Limited August 14, 2026 Moderator: Ladies and gentlemen, good day and welcome to Cholamandalam Financial Holdings Limited Earnings Call for Q1 FY2027 Financial Results. Please note all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Please note that this conference is being recorded. With that, I hand over the call to Mr. Rishi Jhunjhunwala from IIFL Capital. Thank you and over to you. Rishi Jhunjhunwala: Thank you, Swapnil. Good afternoon, everyone. Welcome to 1Q FY2027 earnings call of Cholamandalam Financial Holdings Limited. From the management side, we have Mr. Sridharan Rangarajan, Non-Executive Director, Cholamandalam Financial Holdings; Mr. Shyam Shankar, Manager and Chief Financial Officer, Cholamandalam Financial Holdings; Mr. Rajive Kumaraswami, Managing Director, Cholamandalam MS General Insurance; and Mr. Santosh Pandey, Chief Financial Officer, Cholamandalam MS General Insurance. I will hand over the call to management for their opening remarks, post which we can open the floor for Q&A. Over to you, Mr. Rangarajan. Thank you. Sridharan Rangarajan: Thank you. Good afternoon and welcome you all for Q1 earnings call. You know that there are two major investments, NBFC and insurance, and NBFC is well covered through the Chola Finance Earnings Call, and you also have the presentation uploaded. So, we have with us Rajive Kumaraswami, MD as well as Santosh Pandey, the CFO for insurance business. This call will predominantly focus on insurance and I would request you to make the opening remark and we will open up for Q&A. Thank you. Rajive Kumaraswami: Thank you, Sir. Good afternoon, everyone, and thank you for joining our earnings conference call for the quarter ended June 30, 2026. As this is my first earnings call since assuming charge on June 1, 2026, I would like to take this opportunity to say that I look forward to engaging with all of you over the coming quarters as we progress through the year. I would also like to take this opportunity to wish all of you a very warm Independence Day. May this occasion inspire us to continue fostering pride, unity, and a shared commitment to India's continued progress. As a part of the insurance sector, we remain committed to providing the protection and risk management solutions required by the corporate sector and the nation as a whole. I will begin with an overview of the industry environment followed by our performance highlights for the quarter. The general insurance industry recorded a growth of approximately 8.3% in Q1 as compared to 8.9% in the corresponding quarter last year. The growth continued to be driven by motor and health, while commercial lines, especially fire, remained under pressure due to the intense pricing competition, resulting in a significant industry wide decline on growth. The operating environment continues to be shaped by evolving regulatory developments and the Page 2 of 16 Cholamandalam Financial Holdings Limited August 14, 2026 competitive intensity across product segments arising from claims inflation in both motor and health remain to be challenging. Against this backdrop, Chola MS reported gross direct premium income (GDPI) of Rs. 1,860 crores, registering growth of 2.6% over Q1 of last year. Gross written premium (GWP), on the other hand, grew by 6.7% to Rs. 2,130 crores. While this growth was below our expectations, performance was impacted by lower volumes in commercial lines and motor business, as well as a highly competitive market environment in the fire and health portfolios due to pricing pressures and concerns around the combined ratio of the group health business The motor segment continued to benefit from the positive tailwinds witnessed since September 2025, helping motor remain our largest line of business. Our motor portfolio grew by approximately 5.7% during the quarter. This growth was primarily driven by the commercial vehicle segment, while we continued to remain cautious and disciplined across other segments where profitability remains under pressure. We have undertaken several corrective measures, including portfolio optimization, targeted pricing interventions, enhanced NCB sourcing, tighter underwriting controls, and strengthened claims management practices. The benefits of these initiatives are expected to become more visible over the coming quarters. In terms of our portfolio mix, private cars account for 48% of the motor portfolio, two- wheelers constitute about 9.5%, and commercial vehicles account for approximately 42.5%. In the commercial lines segment, supported by robust reinsurance capacity secured at the beginning of the fiscal year, we performed relatively better than the market despite intense competition and industry-wide pricing pressures. Growth within commercial lines was supported by the marine, engineering, and liability segments. The commercial lines portfolio recorded a decline of 8.6% in Q1, primarily due to continued pricing pressure in the fire segment. The April renewal cycle, coupled with aggressive market pricing, resulted in significant rate reductions across the industry. Consequently, the fire line of business recorded an industry-wide decline of approximately 28% during the quarter. Against this backdrop, our decline was limited to 15.5%, reflecting a significantly better performance than the industry. Although competitive intensity remained high throughout the quarter, we witnessed early signs of moderation towards the end of the period. Following the NATCAT events experienced by the industry during June, we expect greater pricing discipline in the property insurance segment over the coming quarters. Page 3 of 16 Cholamandalam Financial Holdings Limited August 14, 2026 Health continued to be the fastest-growing segment within the general insurance industry, contributing nearly 47% of total industry premiums. This growth has been driven by increasing awareness of health protection needs, expansion of distribution channels, and continuous product innovation across the sector. Within our health portfolio, growth remained moderate as we continued to prioritize portfolio quality and profitability over volume-led expansion. To address current challenges and strengthen business performance, we [Showing first 8,000 characters — download PDF for full document]