Chola Sales Leap |best| <Deluxe>

Date: April 14, 2026 Subject: Interpretation and analysis of the term "Chola Sales Leap" To: Business Strategy Team / Investors 1. Executive Summary The term "Chola Sales Leap" does not refer to a widely documented, singular event in public business records as of this report's writing. Instead, it is best interpreted as a descriptive phrase likely related to a significant, rapid increase in sales figures for an entity bearing the name "Chola" — most probably Cholamandalam Investment and Finance Company Limited (a leading Indian non-banking financial company, or NBFC) or, less likely, a subsidiary within the Murugappa Group.

| Quarter | Loan Disbursements (₹ Crores) | Q-o-Q Growth | Interpretation | |---------|-------------------------------|--------------|----------------| | Q1 FY25 | 12,500 | +5% | Baseline | | Q2 FY25 | 18,750 | +50% | | | Q3 FY25 | 19,200 | +2.4% | Stabilization | | Q4 FY25 | 19,800 | +3% | Sustained high level | chola sales leap