Shanthi Gears: Yanmar Coromandel seeks reclassification from promoter to public

Shanthi Gears Limited announced on September 17, 2025, the receipt of a "Request Letter" from Yanmar Coromandel Agrisolutions Private Limited. This letter, dated September 16, 2025, seeks reclassification from the 'promoter and promoter group' category to 'public' category shareholders under Regulation 31A of the SEBI Listing Regulations.

Yanmar Coromandel Agrisolutions Private Limited is currently a member of the promoter and promoter group of Shanthi Gears. As of the date of the request, the outgoing promoters hold "Nil" paid-up equity shares, representing a "Nil" percentage of shareholding, both individually and cumulatively.

The reclassification requires approval from the Board of Directors of Shanthi Gears, the National Stock Exchange of India Limited, and BSE Limited. The company has formally requested these bodies to take the reclassification on record.