CG Power and Industrial Solutions has received approval for the reclassification of Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited from the Promoter Group category. The reclassification requests were made to the National Stock Exchange of India (NSE) and BSE, and approvals were granted on December 5, 2025. The decision is based on requests from the companies and will take effect immediately.
Reclassification Approval
CG Power and Industrial Solutions has obtained the necessary approvals for the reclassification of two entities within its corporate structure. This involves removing Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited from the ‘Promoter Group’ classification, following requests made by these companies.
Details of the Reclassification
The company originally filed applications for this reclassification and the process was initiated on November 6, 2025. Approvals for the reclassification were received from both the National Stock Exchange of India (NSE) and BSE on December 5, 2025. The NSE approval is documented under reference number NSE/LIST/COMP/CGPOWER/531/2025-2026, and the BSE approval under reference number LIST/COMP/KR/577/2025-26. These approvals confirm that there are no objections to reclassifying these entities.
Implications and Further Steps
With approvals now secured from both exchanges, CG Power will proceed with implementing the changes. The company is committed to ensuring full compliance with all applicable regulations and will make any necessary disclosures related to this reclassification.
Source: BSE
