Coromandel International Limited has successfully secured no-objection approvals from both the National Stock Exchange (NSE) and the BSE Limited concerning the reclassification of Algavista Greentech Private Limited from its Promoter Group. The necessary regulatory applications were initially submitted in February 2026. Both exchanges granted approval on March 19, 2026, formalizing the change in status for the entity.
Regulatory Clearance for Promoter Status Change
Coromandel International Limited has formally informed the stock exchanges that it has received the requisite no-objection letters for the reclassification of Algavista Greentech Private Limited. This change pertains to the entity’s classification within the company’s Promoter Group, in compliance with the relevant listing regulations.
Exchange Approvals Confirmed
The company confirmed that the National Stock Exchange (NSE) provided its approval via letter dated March 19, 2026, referenced as NSE/LIST/COMP/COROMANDEL/561/2025-2026. Similarly, BSE Limited granted its no-objection on the same date, March 19, 2026, under letter reference LIST/COMP/HG/738/2025-26.
Prior Submissions
This final confirmation follows several prior intimation submissions made by Coromandel during December 2025 and February 2026, leading up to the initial application made on February 3, 2026, requesting this specific reclassification for Algavista Greentech Private Limited.
Action Required
Coromandel International Limited has requested the exchanges to take this submission on record. The accompanying approval letters from both the BSE and NSE are enclosed for their reference regarding the official change concerning Algavista Greentech Private Limited.
Source: BSE
