Cholamandalam Investment and Finance Company has approved the reclassification of Algavista Greentech Private Limited (AGPL) from the ‘Promoter Group’ to the ‘Public’ category. The decision was made by the Board of Directors after confirming AGPL’s eligibility. AGPL has undertaken to comply with the specified requirements at all times. The reclassification is subject to the receipt of no-objection from the Stock Exchanges.
Reclassification Announcement
Algavista Greentech Private Limited (AGPL) has requested to be reclassified from the ‘Promoter Group’ category to the ‘Public’ category. This request was initially received by Cholamandalam Investment and Finance Company on December 18, 2025.
Board Approval
The Board of Directors of Cholamandalam Investment and Finance Company convened and considered the request from AGPL. Following their review, the Board approved the reclassification of AGPL to the “Public Category”. This approval was granted after confirming AGPL’s eligibility as per the established regulations.
Conditions for Reclassification
AGPL has committed to adhering to all specified requirements related to this reclassification. The final reclassification is contingent upon receiving a no-objection certificate from the relevant Stock Exchanges.
Details of Shareholding
As of the announcement, Algavista Greentech Private Limited holds Nil paid-up equity shares, representing Nil percentage of shareholding in Cholamandalam Investment and Finance Company.
Source: BSE
