Yanmar Agrisolutions seeks reclassification from Coromandel's promoter group

Coromandel International Limited (CIL) has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) to be reclassified from the 'promoter and promoter group' to the 'public' category. This request, dated September 16, 2025, follows a change in CIL’s shareholding in YCAS, reducing from 40% to 10.60%.

The change in shareholding was triggered by a fund infusion of INR 149.72 Crores by Yanmar Asia (Singapore) Corporation Pte Ltd on September 27, 2024, resulting in the allotment of 11,09,00,741 equity shares to Yanmar Singapore. As a result, YCAS no longer meets the definition of a promoter group under SEBI regulations, as CIL's holding is now below 20% of YCAS's equity capital.

YCAS currently holds no shares in Coromandel International Limited. The request for reclassification will be presented to CIL’s board of directors, and upon approval, an application for no-objection will be submitted to both the National Stock Exchange of India Limited and BSE Limited.