Coromandel International has announced the approval of a dividend payment of ₹9 per share for its shareholders. This dividend declaration represents a significant return to investors and reflects the company's commitment to sharing profits with its equity holders.

Dividend Details

The company's board has approved the dividend distribution, which will benefit all eligible shareholders. The ₹9 per share dividend represents the company's decision to return value to its investor base.

Shareholder Impact

This dividend approval demonstrates Coromandel International's focus on maintaining regular distributions to its shareholders. The ₹9 per share payment will provide direct financial returns to investors who hold the company's equity shares.

The dividend declaration reflects the company's financial position and its ability to generate returns for shareholders while maintaining its operational requirements.

Coromandel International Limited has formally submitted applications to stock exchanges seeking reclassification of Algavista Greentech Private Limited (AGPL) from promoter group to public category shareholders. The company made the application to BSE Limited on February 2, 2026, and to National Stock Exchange of India Limited on February 3, 2026.

Application Timeline and Process

The reclassification process began with AGPL's initial request on December 18, 2025, followed by board approval on January 29, 2026. The company has now completed the formal application submission to both exchanges under reference number 2025-26/103.

Regulatory Framework and Requirements

The reclassification request is being processed under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The application seeks no-objection certificates from both exchanges for reclassifying AGPL from promoter and promoter group category to public category shareholders.

Current Shareholding Position

According to the application submitted to exchanges, AGPL currently holds no equity shares in Coromandel International Limited. The shareholding details provided to exchanges show:

Compliance and Documentation

AGPL has provided undertakings in their request letter to comply with all requirements specified in Regulation 31A (4) of the Listing Regulations. The application follows the regulatory framework requiring intimation under Regulation 31(A)(8) of the Listing Regulations.

The reclassification remains subject to receiving no objection from both stock exchanges. The application was signed by B Shanmugasundaram, Company Secretary & Compliance Officer, with digital certification dated February 3, 2026.