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.

Coromandel International has reported its third quarter consolidated financial results, showing a net profit of ₹5 billion compared to ₹5.1 billion in the corresponding quarter of the previous year.

Financial Performance Overview

The company's Q3 consolidated net profit reflects a year-on-year comparison that indicates a slight decline in profitability. The financial results demonstrate the company's performance during the third quarter period.

Quarter Performance Analysis

The third quarter results show Coromandel International's consolidated net profit standing at ₹5 billion, marking a decrease from the ₹5.1 billion achieved in the same quarter of the previous financial year. This year-on-year comparison provides insight into the company's recent financial trajectory.

The reported figures represent the company's consolidated financial performance, reflecting the overall business operations during the quarter under review.