Cholamandalam Financial Holdings Limited has informed the Exchange regarding the 'NOC received under Reg.31A(8) of SEBI Listing Regulations from stock exchanges.
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Cholamandalam Financial Holdings has received no-objection letters from both NSE (dated April 15, 2026) and BSE (dated April 15, 2026) for the declassification of Algavista Greentech Private Limited from its promoter/promoter group. This follows the company's application dated February 11, 2026, made under Regulation 31A of SEBI Listing Regulations, and earlier communications from December 18, 2025, and February 9, 2026. Both exchanges reviewed the company's submissions and granted their approval, formalising the exit of Algavista Greentech from the promoter group classification. The NOC letters have been forwarded to the depositories (NSDL and CDSL) for record.
This is a regulatory procedural clearance that formalises Algavista Greentech's exit from the promoter group, with no direct impact on the company's business operations, financials, or shareholder value. Investors should note the change in promoter group composition but it does not signal any material corporate event.