EID Parry India Limited has informed the Exchange regarding 'Intimation Of Grant Of No-Objection From The Stock Exchanges ForPromoter Re-Classification Under Reg. 31A Of SEBI (LODR), 2015'.
EIDPARRY · price
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EID Parry India Limited has received no-objection letters from both NSE and BSE (dated April 27, 2026) for the reclassification of Algavista Greentech Private Limited (AGPL) as a non-promoter entity. AGPL was previously part of the company's promoter and promoter group, and the company had applied for its declassification in February 2026. With both exchanges now approving the request, AGPL will formally cease to be classified as a promoter/promoter group member of EID Parry.
This is a procedural regulatory approval that formalizes AGPL's exit from the promoter group category. For retail shareholders, the immediate impact on share price is limited, but the change in promoter group composition may affect how the company's promoter shareholding is reported going forward.