Yanmar Coromandel Agrisolutions Seeks Reclassification from Promoter to Public Category Sep 23, 2025
Yanmar Coromandel Agrisolutions Private Limited (YCAS) has requested reclassification from 'Promoter and Promoter Group' to 'Public' category in Kartik Investments Trust. This follows Coromandel International Limited's (CIL) stake reduction in YCAS from 40.00% to 10.60% after a Rs. 149.72 crore fund infusion from Yanmar Asia (Singapore) Corporation Pte Ltd. YCAS no longer qualifies as a promoter group entity under SEBI regulations and holds no shares in Kartik Investments Trust. The reclassification request will undergo board and BSE approval processes.