Algavista Greentech Private Limited (AGPL) has requested de-classification from the promoter category of E.I.D. – Parry (India) Limited. This request follows the sale of 50% stake in AGPL by E.I.D. – Parry to Synthite Industries. As of December 18, 2025, AGPL holds NIL shareholding in E.I.D. – Parry. The re-classification requires board approval.
Algavista Greentech’s Request
E.I.D. – Parry (India) Limited has received a request from Algavista Greentech Private Limited (AGPL) on December 18, 2025, seeking de-classification from the ‘promoter and promoter group’ category. This follows AGPL no longer meeting the criteria for promoter status.
Details of the Stake Change
The request is a consequence of E.I.D. – Parry selling its entire 50% stake in AGPL to Synthite Industries Private Limited. Following this transaction, AGPL no longer meets the definition of a Promoter or Promoter Group.
Current Shareholding
As of the date of the request letter (December 18, 2025), Algavista Greentech Private Limited holds NIL shares in E.I.D. – Parry (India) Limited. This represents 0% of shareholding.
Approval Requirements
The de-classification is subject to the approval of the Board of Directors of E.I.D. – Parry, as well as a no-objection from the National Stock Exchange of India Limited and BSE Limited.
Algavista Greentech Confirmation
Algavista Greentech has confirmed that they do not hold more than 10% of the total voting rights, do not exercise control over the company, and do not have special rights or board representation.
Source: BSE
