Kartik Investments Trust Limited has officially notified BSE Limited regarding a change in the name of its statutory auditor firm. The company, based in Chennai with its registered office at Parry House, Moore Street, has maintained transparency by promptly communicating this administrative change to the stock exchange.

Auditor Firm Name Change Details

The statutory auditors of the company, M/s. R. Sundararajan & Associates, Chartered Accountants, formally communicated the name change through a letter dated April 29, 2026. The firm has adopted the new name M/s. N. Raghavan & Associates, effective from the same date.

Scope and Impact of Change

The statutory auditors have provided clear confirmation that this modification is limited to the firm's nomenclature only. Importantly, the change does not result in any alteration to the constitution of the audit firm or affect the existing audit engagement with Kartik Investments Trust Limited. This ensures continuity in the auditing relationship and maintains the established professional framework between the company and its auditors.

Regulatory Compliance

The notification was formally submitted to BSE Limited on April 30, 2026, demonstrating the company's commitment to regulatory compliance and transparent communication with stakeholders. Company Secretary Lakshmi R signed the official communication, which was digitally authenticated and submitted to the exchange for record purposes.

This administrative change reflects standard business practices where professional service firms may undergo name modifications while maintaining their operational structure and client relationships. The prompt notification ensures that all regulatory requirements are met and stakeholders remain informed of any changes affecting the company's statutory compliance framework.

Kartik Investments Trust has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) for reclassification from the 'Promoter and Promoter Group' category to the 'Public' category. This corporate restructuring move follows significant changes in YCAS's shareholding structure.

Shareholding Changes Trigger Reclassification

The reclassification request comes after a substantial reduction in Coromandel International Limited's (CIL) stake in YCAS. CIL's shareholding in YCAS has decreased from 40.00% to 10.60%, following a significant fund infusion from Yanmar Asia (Singapore) Corporation Pte Ltd.

Details of the Fund Infusion

On September 27, Yanmar Asia (Singapore) Corporation Pte Ltd injected Rs. 149.72 crore into YCAS. As part of this transaction, YCAS allotted 11,09,00,741 equity shares, each with a face value of Rs. 10, to Yanmar Singapore.

Implications of the Shareholding Change

The substantial dilution of CIL's stake in YCAS has several implications:

1. CIL's shareholding now stands below the 20.00% threshold of YCAS's equity share capital.
2. YCAS no longer qualifies as a promoter group entity under the Securities and Exchange Board of India (SEBI) regulations.
3. YCAS currently holds no shares in Kartik Investments Trust.

Next Steps in the Reclassification Process

The reclassification request will undergo a structured approval process:

1. YCAS will present the request to its Board of Directors for initial approval.
2. Following board approval, the company will seek further approval from BSE Limited.

This move represents a significant shift in the corporate structure and relationships between YCAS, Coromandel International Limited, and Kartik Investments Trust. The reclassification, if approved, could have implications for how these entities are perceived in the market and potentially impact their regulatory obligations.