Yanmar Coromandel Agrisolutions Private Limited (YCAS) has requested de-classification from the ‘promoter and promoter group’ category of E.I.D. – Parry (India) Limited. This request is due to changes in the shareholding of Coromandel International Limited (CIL) in YCAS, resulting from a fund infusion of Rs. 149.72 Crores in September 2024. YCAS currently holds nil shares in the company.
Request for Reclassification
Yanmar Coromandel Agrisolutions Private Limited (YCAS) has formally requested to be re-classified from the ‘promoter and promoter group’ category of E.I.D. – Parry (India) Limited. This request was outlined in a letter received by the company on September 17, 2025.
Shareholding Changes
The request stems from changes in the shareholding structure of Coromandel International Limited (CIL) within YCAS. Due to a fund infusion of Rs. 149.72 Crores by Yanmar Asia (Singapore) Corporation Pte. Ltd. on September 27, 2024, CIL’s stake in YCAS decreased, leading to YCAS no longer meeting the criteria for promoter status. Specifically, CIL’s shareholding went from 40% to 10.60%. As of the request date, YCAS holds 0% shareholding in E.I.D. – Parry.
Next Steps
The de-classification is subject to the approval of the Board of Directors of E.I.D. – Parry (India) Limited and is also pending a no-objection from both the National Stock Exchange of India Limited and BSE Limited.
Source: BSE
