Cholamandalam Investment and Finance Company informs that it has filed an application with the stock exchanges for the re-classification of Algavista Greentech Private Limited from the ‘Promoter Group’ category to the ‘Public’ category. This follows a request received from Algavista Greentech and subsequent approval by the Board of Directors on January 30, 2026. The company has formally notified the exchanges.
Re-classification Application Filed
Cholamandalam Investment and Finance Company has officially submitted an application to the National Stock Exchange of India Limited and BSE Limited regarding the re-classification of a shareholder.
Details of the Request
The application pertains to Algavista Greentech Private Limited, currently classified under the ‘Promoter Group’ category. The company is seeking a re-classification to the ‘Public’ category.
Background and Approval
This action follows a formal request from Algavista Greentech Private Limited. The Board of Directors of Cholamandalam Investment and Finance Company approved the request on January 30, 2026.
Source: BSE
