EID Parry India Limited has informed the Exchange about request received for de-classification from promoter
EIDPARRY · price
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EID Parry India has received a formal request from Coromandel Engineering Company Limited (CECL) to be de-classified from the company's 'promoter and promoter group' list. CECL was part of the Murugappa Group, but the promoter group sold its stake in CECL under a Share Purchase Agreement dated September 29, 2023, and CECL effectively ceased to be part of the promoter group from December 29, 2023. As of the request date, CECL holds zero equity shares (0%) in EID Parry. The de-classification now requires approval from EID Parry's Board of Directors, NSE, and BSE before it can be finalized.
This is a procedural housekeeping update with no impact on actual shareholding or control — CECL already held no shares in EID Parry. Shareholders should see no change in the promoter group's effective stake once the reclassification is completed.