Shanthi Gears seeks reclassification for two promoter group entities

Shanthi Gears Limited, in an announcement dated November 8, 2025, informed the National Stock Exchange of India Limited and Bombay Stock Exchange Limited of its application for the reclassification of two entities from the 'promoter' category. This intimation is made under Regulation 30 read with Regulation 31(A)(8) of the SEBI Listing Regulations.

The company's application seeks a "no objection" from the stock exchanges for the declassification of M/s. Yanmar Coromandel Agrisolutions Private Limited and M/s. Coromandel Engineering Company Limited. Both entities are currently members of the promoter and promoter group of Shanthi Gears Limited.

As per the disclosure, both M/s. Yanmar Coromandel Agrisolutions Private Limited and M/s. Coromandel Engineering Company Limited are categorized as "promoter group" with zero paid-up equity shares and zero percentage of shareholding, indicating they do not hold any shares in the company. The request is to take this reclassification on record.