A study was conducted to determine the impact of cold rolling on the evolution of the microstructure of the CuCrFeNi2Mn0.5 high entropy alloy. Cold rolling resulted in the development of crystallographic textures and microstructure evolution. It was observed that the main deformation mechanism during cold rolling of the mentioned alloy is the movement of dislocations and the formation of mechanical twins, which lead to the formation of shear bands by increasing the amount of deformation. Microstructural studies suggest that the decrease in the microhardness of cold-rolled samples is caused by the formation of strain-free grains on the shear bands. The development of strain-free grains is aided by the rotation of subgrains on the shear bands.