E.I.D.- Parry (India) Limited has formally applied to the stock exchanges for the declassification of M/s. Algavista Greentech Private Limited (AGPL) from the ‘Promoter’ category. This application, made on February 17, 2026, follows earlier communications regarding the intended change. Following the application, AGPL’s shareholding in the company has been reduced to Nil in the Promoter and Promoter Group category.
Formal Application for Promoter Declassification
E.I.D.- Parry (India) Limited announced on February 17, 2026, that it has submitted an application to both the National Stock Exchange of India Limited and BSE Limited. The purpose of this application is to seek ‘no-objection’ for the declassification of M/s. Algavista Greentech Private Limited (AGPL) from the ‘Promoter’ category, adhering to relevant listing regulations.
Reference and Background
This current filing refers to prior exchange communications dated December 18, 2025, and February 12, 2026, which initially addressed the proposed change concerning AGPL, identified as a member of the promoter and promoter group of E.I.D.- Parry (India) Limited.
Current Shareholding Status
The company provided an updated status summary regarding the outgoing promoter entity, M/s. Algavista Greentech Private Limited:
- Current Category of Shareholder: Promoter and Promoter Group
- Number of Equity Shares Held: Nil
- Percentage of Shareholding: Nil
The company awaits formal approval from the Stock Exchanges regarding this necessary regulatory compliance step.
Source: BSE
