Carborundum Universal announces the approval of requests for reclassification from the Promoter Group for Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS). The decision was made by the Board of Directors after confirming their eligibility. This reclassification is subject to standard regulatory approvals from the stock exchanges.
Reclassification Requests Approved
The Board of Directors of Carborundum Universal has approved the requests for reclassification from the Promoter Group submitted by Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS). These entities are currently listed under the Promoter Group category within the company’s structure.
Details of the Approval
During a board meeting held on October 8, 2025, the reclassification requests received from CECL and YCAS were thoroughly reviewed. The Board confirmed their eligibility in accordance with specified regulations and approved the requests. The reclassification is pending standard approvals from the stock exchanges.
Compliance Undertaking
Both CECL and YCAS have provided formal letters confirming their commitment to comply with all relevant requirements related to the reclassification, as specified in applicable regulations.
Effective Date
The reclassification of these Outgoing Members will take effect upon receiving a no-objection certificate from the Stock Exchanges, adhering to terms outlined in the relevant Listing Regulations.
Source: BSE
