Yanmar Coromandel seeks reclassification from E.I.D. Parry promoter group

E.I.D. Parry (India) Limited announced today, September 17, 2025, that it has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) to be de-classified from the 'promoter and promoter group' category to 'public' category. YCAS currently holds nil shares in E.I.D. Parry.

The request stems from a change in the shareholding of Coromandel International Limited (CIL) in YCAS. CIL’s stake in YCAS decreased from 40% to 10.60% following a fund infusion of ₹149.72 Crores by Yanmar Asia (Singapore) Corporation Pte. Ltd. on September 27, 2024. This reduction means YCAS no longer meets the definition of 'Promoter Group' under SEBI regulations.

YCAS confirmed that it, and any related persons, do not collectively hold more than 10% of E.I.D. Parry's voting rights, exercise control, have special rights, or act as key managerial personnel. The reclassification requires approval from E.I.D. Parry's board of directors and regulatory bodies including the National Stock Exchange of India Limited and BSE Limited.