Cholamandalam Investment and Finance Company has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) for reclassification from the ‘Promoter and Promoter group’ category to the ‘Public’ category. This request follows a reduction in Coromandel International Limited’s (CIL) shareholding in YCAS to 10.60% due to a fund infusion by Yanmar Asia (Singapore) Corporation Pte Ltd in September 2024. YCAS currently holds no shares in Cholamandalam.
Reclassification Request Details
Cholamandalam Investment and Finance Company has received a formal request on September 17, 2025, from Yanmar Coromandel Agrisolutions Private Limited (YCAS) seeking reclassification. Currently classified as part of the Promoter Group, YCAS has requested to be moved to the ‘Public’ category under listing regulations.
Reason for Reclassification
The reclassification request is triggered by a change in YCAS’s shareholding structure. Coromandel International Limited’s (CIL) stake in YCAS has decreased from 40% to 10.60%. This reduction is a result of a Rs. 149.72 Crores fund infusion by Yanmar Asia (Singapore) Corporation Pte Ltd on September 27, 2024.
Impact on Promoter Group Status
Following the allotment of 11,09,00,741 equity shares to Yanmar Singapore, YCAS no longer meets the criteria to be classified as a Promoter group company. CIL’s holding is now less than 20% of YCAS’s equity share capital. YCAS has requested to be removed from Cholamandalam’s Promoter Group list. As of the date of the request, YCAS holds no shares in Cholamandalam Investment and Finance Company.
Next Steps
The reclassification request from YCAS will be presented to the Board for review and approval. Subsequently, Cholamandalam will seek necessary approvals from the National Stock Exchange of India Limited and BSE Limited.
Source: BSE
