Carborundum Universal Limited (CUL) has taken a significant step in restructuring its shareholder categories. The company has applied to both the National Stock Exchange of India Limited (NSE) and BSE Limited for the reclassification of two entities from its 'Promoter Group' to the 'Public' category.

Entities Involved in Reclassification

The two entities seeking reclassification are:

1. Coromandel Engineering Company Limited (CECL)
2. Yanmar Coromandel Agrisolutions Private Limited (YCAS)

Timeline of Events

The process of reclassification has been ongoing, with CUL making several intimations to the stock exchanges:

Regulatory Compliance

The reclassification application is being processed in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, as amended. This move follows requests from CECL and YCAS, referred to as the 'Outgoing Members of the Promoter Group' in the company's official communication.

Implications

This reclassification, if approved, could potentially alter the shareholding structure of Carborundum Universal Limited. It may impact the way these entities' holdings are perceived in the market, as they would no longer be considered part of the promoter group.

Next Steps

The stock exchanges will review the application, and their decision will determine the future classification of CECL and YCAS. Shareholders and potential investors should keep an eye on further announcements regarding the outcome of this application.

Carborundum Universal Limited has requested the stock exchanges to take this information on record. As the process unfolds, it will be crucial to monitor any changes in the company's shareholding pattern and its potential effects on the stock's performance.

Carborundum Universal , a leading manufacturer of abrasives, ceramics, and electrominerals, has announced the departure of its Chief Financial Officer (CFO), Sushil Kishor Bendale. The company disclosed this significant change in a recent filing with the stock exchanges.

Resignation Details

According to the company's statement, Mr. Bendale has stepped down from his position as CFO and Key Managerial Personnel (KMP) effective from the closing hours of September 26, 2025. This move follows an earlier intimation made by the company on August 7, 2025, suggesting that the transition has been in the works for some time.

Company's Disclosure

The announcement was made through an official communication to both the BSE Limited and the National Stock Exchange of India Ltd. Rekha Surendhiran, the Company Secretary of Carborundum Universal Limited, signed the disclosure, ensuring compliance with regulatory requirements.

Impact and Next Steps

The departure of a key executive like the CFO can have significant implications for a company's financial strategy and operations. While the company has not provided information about a successor or the reasons for Mr. Bendale's departure, such changes often lead to a period of transition in the financial leadership of an organization.

Investors and stakeholders will likely be watching closely to see how Carborundum Universal manages this transition and who will be appointed to fill this crucial role. The company's ability to maintain financial stability and continue its strategic initiatives during this period will be of particular interest to the market.