E.I.D.- Parry (India) Limited announced the de-classification of certain persons from the ‘Promoter and Promoter Group’ category. The company’s Board of Directors approved the request letters received from M/s. Coromandel Engineering Company Limited (CECL) and M/s. Yanmar Coromandel Agrisolutions Private Limited (YCAS). This decision follows a meeting held on September 19, 2025. The declassification is subject to the receipt of no-objection from the Stock Exchanges.
Promoter Group Restructuring
E.I.D.- Parry (India) Limited has approved the reclassification of certain entities within its ownership structure. Specifically, the company has agreed to declassify certain individuals from the ‘Promoter and Promoter Group’ category, marking a shift in the internal composition of the company’s key stakeholders. This was decided during a board meeting on September 19, 2025.
Key Entities Involved
The decision impacts M/s. Coromandel Engineering Company Limited (“CECL”) and M/s. Yanmar Coromandel Agrisolutions Private Limited (“YCAS”), both of which requested to be declassified from the ‘Promoter and Promoter Group’. The Board of Directors has approved the submission of the necessary applications to the stock exchanges.
Conditions for Declassification
The declassification is contingent upon obtaining a No Objection Certificate from both the BSE Limited and the National Stock Exchange of India Limited. Furthermore, both CECL and YCAS have confirmed their commitment to comply with all relevant regulations. The final declassification is subject to the receipt of formal no-objection from the stock exchanges.
Source: BSE
