Carborundum Universal Limited has successfully obtained regulatory approvals from both major stock exchanges for the reclassification of a promoter group entity. The company received no-objection letters from the National Stock Exchange of India Limited (NSE) and BSE Limited on April 29, 2026, marking the completion of a regulatory process that began earlier in the year.

Stock Exchange Approvals

Both exchanges granted their respective approvals for the reclassification of Algavista Greentech Private Limited from the promoter group category. The approvals were formalized through official correspondence on the same date.

Regulatory Framework

The reclassification process follows Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the reclassification of promoters and promoter group entities for listed companies. The initial application for this reclassification was submitted on February 02, 2026, based on a request made by Algavista Greentech Private Limited.

Entity Details

The reclassification specifically pertains to Algavista Greentech Private Limited, which was previously categorized under the promoter group of Carborundum Universal Limited. Both exchanges confirmed the approval for this single entity in their respective approval letters.

Official Documentation

The approval process involved formal communication between the company and both stock exchanges. NSE's approval was signed by Senior Manager Apeksha Raichura, while BSE's approval was processed by Deputy Vice President Jayshree Soni and Listing Compliance officer Harsh Gohil. Company Secretary Rekha Surendhiran handled the correspondence on behalf of Carborundum Universal Limited.

Compliance Requirements

Both NSE and BSE have emphasized the company's obligation to ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The exchanges specified that all future disclosures must be made in accordance with the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015. The company has formally communicated this development to both depositories - National Securities Depository Limited and Central Depository Services Limited - as part of the standard regulatory notification process.

Carborundum Universal Limited has fulfilled its regulatory obligations by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026. The submission was made to both major stock exchanges on April 15, 2026.

Regulatory Compliance Submission

The company submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited through its Company Secretary, Rekha Surendhiran. The submission included certificates received from KFin Technologies Limited, which serves as the company's Registrar and Share Transfer Agent.

Certificate Details

KFin Technologies Limited, acting as the Registrar to an Issue and Share Transfer Agent, provided certificates to both Central Depository Services (India) Limited (CDSL) and National Securities Depository Limited (NSDL) on April 1, 2026. The certificates were signed by S R Ramesh, Deputy Vice President at KFin Technologies Limited.

Regulatory Framework

The certificates confirm that details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been furnished to all stock exchanges where the company's shares are listed. This compliance ensures adherence to SEBI (Depositories and Participants) Regulations 2018, which mandate quarterly reporting of depository activities.

Corporate Information

Carborundum Universal Limited maintains its registered office at Dare House, No.234, N.S.C. Bose Road, Parrys, Chennai 600001. The company's shares are traded on both BSE (Stock Code: 513375) and NSE (Stock Code: CARBORUNIV). KFin Technologies Limited operates from multiple locations, with its registered office in Mumbai and operations center in Hyderabad.