Coromandel International has received a request from Algavista Greentech Private Limited for re-classification of its shareholding from the ‘promoter and promoter group’ category to the ‘public’ category. The Board of Directors considered and approved the submission of an application to the stock exchanges for obtaining the No Objection Certificate (NOC) for the mentioned re-classification. The re-classification is subject to receiving the NOC from the stock exchanges.
Shareholding Re-classification Request
Algavista Greentech Private Limited has requested Coromandel International to re-classify its shareholding. The request is to move from the ‘promoter and promoter group’ category to the ‘public’ category of shareholders. This intimation was initially received on December 18, 2025.
Board Approval and Next Steps
The Board of Directors of Coromandel International has approved the submission of an application to the stock exchanges. This application seeks a No Objection Certificate (NOC) for the shareholding re-classification. The company has listed its shares on the National Stock Exchange of India Limited and BSE Limited. Algavista Greentech Private Limited has committed to complying with all requirements specified in Regulation 31A (4) of the Listing Regulations at all times. The actual re-classification will occur once the No Objection Certificate is obtained from the stock exchanges.
Source: BSE
