Carborundum Universal Limited has informed the Exchange regarding 'Intimation under Regulation 31A (8) of Listing Regulations'.
CARBORUNIV · price
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Carborundum Universal Limited has received no-objection approvals from both BSE and NSE for the reclassification of Algavista Greentech Private Limited (AGPL) from the Promoter Group category. AGPL had originally applied for this reclassification on February 2, 2026, and both exchanges granted their approvals on April 29, 2026. Following this reclassification, AGPL will no longer be treated as part of the company's promoter group. The company must now ensure compliance with subsequent disclosure requirements under Regulation 31A of SEBI's Listing Regulations.
This reclassification reduces the promoter group composition of the company, which may slightly increase the public/non-promoter shareholding. It is a procedural regulatory approval and not a fresh sale or purchase of shares, so direct impact on stock price is unlikely.