EID Parry 's Board of Directors has approved a significant corporate restructuring move involving the de-classification of a promoter group entity. The board meeting held on February 12, 2026, addressed the request from Algavista Greentech Private Limited (AGPL) to be removed from the 'Promoter and Promoter Group' category under SEBI regulations.

Board Decision and Regulatory Compliance

The board thoroughly evaluated AGPL's request for de-classification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. After confirming that AGPL meets the required eligibility conditions under Regulation 31A(3)(b), the board approved the request in accordance with the listing regulations.

Stock Exchange Approval Process

The board approved the submission of application to both stock exchanges where the company's shares are listed for obtaining the necessary No Objection Certificate. The application will be submitted to:

• BSE Limited (Scrip Code: 500125)
• National Stock Exchange of India Limited (Scrip Code: EIDPARRY)

This follows the company's earlier exchange communication dated December 18, 2025, indicating that the de-classification process has been under consideration for some time.

Compliance Undertakings

AGPL has provided formal undertakings to ensure continued regulatory compliance post de-classification. The entity has committed to comply with all requirements specified in Regulation 31A(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 at all times.

Conditional Approval

The de-classification approval remains conditional and will only become effective upon receipt of no-objection from the stock exchanges. This regulatory safeguard ensures that the de-classification process meets all necessary compliance requirements before implementation.

The move represents a strategic corporate restructuring decision that could impact the company's promoter group composition, subject to final regulatory approvals from both BSE and NSE.

EID Parry (India) Limited has announced that its Board of Directors will convene on February 12, 2026, to review and approve the company's quarterly financial performance. The meeting notice was issued on January 28, 2026, in accordance with regulatory requirements.

Board Meeting Details

The scheduled board meeting will focus on considering and approving the company's financial results for the third quarter of fiscal year 2026. The meeting is set to take place on Thursday, February 12, 2026.

Regulatory Compliance

The notice was issued pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about board meetings where financial results will be considered.

Company Secretary Biswa Mohan Rath signed the official communication on January 28, 2026, at 11:45:48 +05'30'. The notice was formally submitted to both major stock exchanges where the company's shares are listed.

Stock Exchange Communication

The company has informed both BSE Limited and National Stock Exchange of India Limited about the upcoming board meeting. E.I.D. - Parry (India) Limited trades on BSE with scrip code 500125 and on NSE with scrip code EIDPARRY.

The company is headquartered at Dare House, 234, N.S.C. Bose Road, Parrys Corner, Chennai 600 001, and operates under CIN L24211TN1975PLC006989. Investors and stakeholders can access more information through the company's official website at www.eidparry.com .