Cholamandalam Investment and Finance Company Limited has intimated the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding the re-classification of Algavista Greentech Private Limited (AGPL) from the 'Promoter' category to the 'Public' category.
This intimation is made under Regulation 31A(8) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations). It is in furtherance to earlier communications dated January 30, 2026, and February 4, 2026, regarding the request for this re-classification.
Stock Exchange Approvals
The company received formal no-objection approvals from both stock exchanges on August 26, 2026:
National Stock Exchange of India Limited:
- Approval Letter Reference: NSE/LIST/COMP/CHOLAFIN/565/2025-2026
- Date: August 26, 2026
- Approving Officer: Ajit Mahadik, Senior Manager – Listing Compliance
- Application Date Referenced: February 3, 2026
BSE Limited:
- Approval Letter Reference: LIST/COMP/SJ/180/2026-27
- Date: August 26, 2026
- Approving Officers: Jayshree Soni (Deputy Vice President, Listing Compliance) and Sayli Jadhav (Deputy Manager, Listing Compliance)
- Application Date Referenced: February 4, 2026
Entity Re-classification
Both exchanges have granted no-objection for the re-classification of the following entity:
- Algavista Greentech Private Limited (AGPL) - from 'Promoter Group' to 'Public' category
Compliance Requirements
The company is required to ensure compliance with subsequent relevant disclosures of material events related to this re-classification, in accordance with the applicable provisions of Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201.
Document Signatories
- For Cholamandalam Investment and Finance Company Limited: P. Sujatha, Company Secretary (digitally signed on August 26, 2026)
- For National Stock Exchange of India Limited: Ajit Mahadik, Senior Manager – Listing Compliance
- For BSE Limited: Jayshree Soni, Deputy Vice President, Listing Compliance and Sayli Jadhav, Deputy Manager, Listing Compliance
Distribution
The approval letters were copied to both central depositories:
- National Securities Depository Limited (NSDL), Mumbai
- Central Depository Services Limited (CDSL), Mumbai
Financial Impact
The disclosure does not quantify any specific financial impact from this re-classification.