EID Parry has received a formal request from Algavista Greentech Private Limited (AGPL) seeking reclassification from the promoter group category to public shareholder status. The request, submitted on December 18, 2025, follows the completion of EID Parry's divestment of its entire 50% stake in the joint venture company.

Stake Divestment Background

Earlier, EID Parry's Board of Directors had approved the strategic decision to sell its entire 50% stake in Algavista Greentech Private Limited. The transaction details were as follows:

Reclassification Request Details

Algavista Greentech has formally requested removal from EID Parry's promoter and promoter group list, citing that it no longer falls under the definition specified in SEBI regulations. The current shareholding status shows:

Regulatory Compliance

As required under Regulation 31A of SEBI Listing Regulations, Algavista Greentech has confirmed that neither the company nor any related persons hold more than 10% voting rights in EID Parry, exercise control over company affairs, have special rights, or are represented on the board of directors. The company has also confirmed it does not act in concert with EID Parry's promoter group and is not privy to any price-sensitive information.

Approval Process

The reclassification requires approval from EID Parry's Board of Directors and no-objection from both the National Stock Exchange of India Limited and BSE Limited. EID Parry has informed the stock exchanges about receiving this request in compliance with regulatory disclosure requirements.

Strategic Impact

This development completes EID Parry's strategic move to streamline its portfolio and focus on core business areas. The minimal financial contribution of Algavista Greentech to EID Parry's overall operations suggests the reclassification will have limited impact on the company's financial performance while ensuring proper regulatory compliance.

EID Parry (India) Limited, a prominent player in the Indian sugar industry, has received a significant request that could alter its ownership structure. Yanmar Coromandel Agrisolutions Private Limited (YCAS) has formally asked to be removed from EID Parry's promoter and promoter group category, potentially reshaping the company's shareholder composition.

Background of the Request

The de-classification request stems from a recent change in Coromandel International Limited's (CIL) shareholding in YCAS. On September 27, 2024, Yanmar Asia (Singapore) Corporation Pte. Ltd. injected Rs. 149.72 crore into YCAS, resulting in CIL's stake in YCAS dropping from 40% to 10.60%. This reduction in ownership means YCAS no longer meets the regulatory definition of a Promoter and Promoter Group under Securities and Exchange Board of India (SEBI) regulations.

Current Shareholding and Request Details

As of September 16, 2025, YCAS holds zero shares in EID Parry, according to the request letter submitted to the company. The letter, dated September 16, 2025, formally seeks reclassification of YCAS from the 'promoter and promoter group' category to the 'public' category.

Regulatory Compliance

In line with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, YCAS has confirmed several key points in its request:

• Neither YCAS nor any related person holds more than 10% of EID Parry's total voting rights
• They do not exercise control over EID Parry's affairs
• They have no special rights through formal or informal arrangements
• They have no representation on EID Parry's board of directors
• They are not acting as key managerial personnel in the company

Next Steps

For the de-classification to take effect, it requires approval from EID Parry's Board of Directors. Additionally, the company must obtain no-objection from both the National Stock Exchange of India Limited and BSE Limited.

EID Parry has acknowledged receipt of the request on September 17, 2025, and is expected to initiate the necessary procedures to address YCAS's de-classification appeal.

This move could potentially impact EID Parry's shareholding structure and may be of interest to investors and market watchers tracking changes in the company's ownership pattern.