Cholamandalam Investment and Finance Company has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) to be reclassified from the 'Promoter and Promoter group' category to the 'Public' category. This development comes in the wake of significant changes in YCAS's ownership structure.

Shareholding Changes Trigger Reclassification Request

The reclassification request follows a substantial reduction in Coromandel International Limited's (CIL) shareholding in YCAS. CIL's stake in YCAS has decreased from 40% to 10.60%, prompted by a significant fund infusion of Rs 149.72 crore by Yanmar Asia (Singapore) Corporation Pte Ltd (Yanmar Singapore) on September 27, 2024.

As part of this transaction, YCAS allotted 11,09,00,741 equity shares with a face value of Rs 10 each to Yanmar Singapore. This allotment has resulted in CIL's shareholding in YCAS falling below the 20% threshold, which is a key criterion for promoter group classification under SEBI regulations.

Current Shareholding and Regulatory Compliance

It's important to note that YCAS currently holds no shares in Cholamandalam Investment and Finance Company. The company has confirmed this in its regulatory filing, stating:

Next Steps in the Reclassification Process

The reclassification request from YCAS will be presented to Cholamandalam Investment's Board of Directors for approval, as required under Regulation 31A(3) of the SEBI Listing Regulations. Following the board's approval, the company will seek necessary approvals from the National Stock Exchange of India Limited (NSE) and BSE Limited.

Regulatory Assurances

In its request letter dated September 16, 2025, YCAS has provided several assurances to comply with SEBI regulations. These include confirmations that neither YCAS nor any person related to it:

• Holds more than 10% of the total voting rights in Cholamandalam Investment
• Exercises control over the company's affairs directly or indirectly
• Has any special rights through formal or informal arrangements
• Is represented on the board of directors or acts as a key managerial person
• Is classified as a 'willful defaulter' or categorized as a fugitive economic offender

This reclassification request underscores the dynamic nature of corporate structures and shareholding patterns in the financial sector. It also highlights the importance of regulatory compliance and transparency in India's corporate landscape.

Cholamandalam Investment and Finance Company Limited (Cholamandalam Investment) has announced a revision in its Assets Under Management (AUM) growth guidance for the full year. The company has adjusted its forecast to 20-23%, down from the previously projected range of 20-25%.

Revised Growth Outlook

The company cited recent GST reductions as a key factor influencing this adjustment in its growth outlook. This change in tax structure appears to have impacted Cholamandalam Investment's projections for its asset portfolio expansion.

Impact of GST Reductions

While specific details about the GST reductions were not provided, it's clear that these tax changes have prompted the company to reassess its growth expectations. The narrowed range suggests a more conservative approach to growth forecasting in light of the evolving tax environment.

Company's Response

Despite the slight downward revision, Cholamandalam Investment continues to project substantial growth in its AUM. The new guidance of 20-23% still indicates strong confidence in the company's ability to expand its asset base.

Investor Education Initiative

In other news, Cholamandalam Investment is participating in the "100 days campaign - Saksham Niveshak" initiated by the Investor Education and Protection Fund Authority. This campaign aims to encourage shareholders to update their KYC details, bank mandates, and contact information.

The company has urged shareholders with unclaimed or unpaid dividends from the financial years 2018-19 onwards to contact the company or its Registrar and Transfer Agent, KFin Technologies Limited, to update their information. This initiative is designed to facilitate the payment of unclaimed dividends and enhance shareholder engagement.

Cholamandalam Investment's proactive approach in both adjusting its growth forecasts and participating in investor education initiatives demonstrates its commitment to transparency and shareholder value in a changing financial landscape.