Yanmar Coromandel Agrisolutions Private Limited (YCAS) has requested reclassification from the ‘promoter and promoter group’ category to the ‘public’ category. This request follows a change in Coromandel International’s shareholding in YCAS from 40% to 10.60%, after a fund infusion of Rs.149.72 Crores by Yanmar Asia (Singapore) Corporation Pte Ltd. The request is awaiting board approval.
Reclassification Request
Coromandel International Limited has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) to be reclassified from the ‘promoter and promoter group’ category to the ‘public’ category. This announcement was made on September 17, 2025.
Details of the Shareholding Change
The reclassification request is tied to a change in Coromandel International’s shareholding in YCAS. The shareholding decreased from 40% to 10.60% following a fund infusion of Rs.149.72 Crores by Yanmar Asia (Singapore) Corporation Pte Ltd, which occurred on September 27, 2024.
Implications of the Change
As a result of this decreased holding, YCAS no longer falls under the definition of a promoter group. As of the request date, YCAS holds nil shares in Coromandel International. The reclassification request will be placed before the Board of Directors for approval.
Source: BSE
