Carborundum Universal has applied to the National Stock Exchange of India and BSE Limited for the reclassification of M/s. Coromandel Engineering Company Limited (CECL) and M/s. Yanmar Coromandel Agrisolutions Private Limited (YCAS). These entities, currently categorized as ‘Outgoing Members of the Promoter Group’, are seeking reclassification to ‘Public category’. The company formally submitted this reclassification request on October 13, 2025.
Promoter Group Reclassification
Carborundum Universal announced on October 13, 2025, that it has submitted an application to both the National Stock Exchange of India and BSE Limited. The application pertains to the reclassification of certain entities within the company’s structure.
Details of the Reclassification
The specific entities involved in this reclassification are M/s. Coromandel Engineering Company Limited (CECL) and M/s. Yanmar Coromandel Agrisolutions Private Limited (YCAS). Currently, these companies are classified as ‘Outgoing Members of the Promoter Group’.
Change to ‘Public’ Category
The purpose of the application is to reclassify these entities from their current ‘Promoter Group’ status to the ‘Public category’. This reclassification request follows earlier intimations dated August 29, 2025, September 17, 2025, and October 8, 2025, in connection with the matter.
Source: BSE
