Yanmar Coromandel Agrisolutions (YCAS) has requested reclassification from the ‘promoter group’ to the ‘public’ category. This request follows a change in shareholding of Coromandel International Limited (CIL) in YCAS. As of September 17, 2025, YCAS holds 0.00% of equity shares in CG Power. The request is under review by CG Power’s board of directors.
Reclassification Request Overview
Yanmar Coromandel Agrisolutions Private Limited (YCAS) has formally requested to be reclassified from the ‘promoter group’ to the ‘public’ shareholder category within CG Power. The company’s board will review the request.
Background of the Request
The reclassification request is driven by a change in the shareholding structure of Coromandel International Limited (CIL) within YCAS. CIL’s stake in YCAS decreased from 40% to 10.60% due to a fund infusion of Rs.149.72 Crores by Yanmar Asia (Singapore) Corporation Pte. Ltd. on September 27, 2024. Consequently, YCAS no longer meets the definition of a ‘Promoter group’ as specified by regulations, leading to this reclassification request.
Shareholding Details
As of the date of the reclassification request (September 17, 2025), Yanmar Coromandel Agrisolutions Private Limited holds 0 equity shares in CG Power, representing 0.00% shareholding.
Next Steps
CG Power will present Yanmar’s request to its Board of Directors for review and approval. Following the board’s decision, CG Power will seek a ‘no-objection’ certificate from the National Stock Exchange of India Limited and BSE Limited.
Source: BSE
