Yanmar unit seeks reclassification from CG Power promoter group

CG Power and Industrial Solutions Limited announced on September 17, 2025, the receipt of a reclassification request from Yanmar Coromandel Agrisolutions Private Limited (YCAS). YCAS, currently part of the promoter group, seeks to be reclassified as a public shareholder under SEBI Listing Regulations following a change in its shareholding.

This request follows a fund infusion of INR 149.72 crores by Yanmar Asia (Singapore) Corporation Pte. Ltd. into YCAS on September 27, 2024. This transaction altered Coromandel International Limited's (CIL) stake in YCAS from 40% to 10.60%, and resulted in an allotment of 1,109,00,741 equity shares to Yanmar Singapore. Consequently, YCAS no longer meets the definition of a promoter group as CIL's holding is now below 20% of YCAS’s equity share capital.

As of the request date, YCAS holds nil shares in CG Power and Industrial Solutions Limited, representing 0.00% of the shareholding. The request letter will be presented to CG Power's board of directors for approval, after which applications will be submitted to the National Stock Exchange of India Limited and BSE Limited.