Coromandel International has received requests for reclassification of Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS) from the ‘promoter and promoter group’ category to the ‘public’ category shareholders. The company’s board has approved submitting the application to the stock exchanges for obtaining the necessary No Objection Certificate for this reclassification.
Reclassification Request
Requests for reclassification have been received from Coromandel Engineering Company Limited (CECL) and Yanmar Coromandel Agrisolutions Private Limited (YCAS). The entities are seeking to move from the ‘promoter and promoter group’ category to the ‘public’ category of shareholders.
Board Approval for Submission
The Board of Directors has given its approval to submit the application to the stock exchanges where the Company’s shares are listed. This application is for obtaining the No Objection Certificate required for the re-classification. The board reviewed the requests during their meeting on September 22, 2025.
Undertakings and Compliance
CECL and YCAS have confirmed their compliance with the requirements outlined in their request letters. The re-classification is contingent upon receiving the necessary approvals from the stock exchanges.
Source: BSE
