Algavista Greentech Private Limited | Business Upturn

Cholamandalam Financial Holdings receives NSE and BSE approval for promoter declassification

Kinjal — Wed, 15 Apr 2026 17:47:11 +0000

Cholamandalam Financial Holdings Limited has secured approval from both the National Stock Exchange of India (NSE) and BSE Limited for the declassification of Algavista Greentech Private Limited from its promoter group. This development follows the company’s application submitted on February 11, 2026, requesting a no-objection letter for the reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The NSE granted its no-objection through approval letter no. NSE/LIST/COMP/CHOLAHLDNG/575/2026-2027, while BSE issued its consent via letter no. LIST/COMP/KR/031/2026-27, both dated April 15, 2026. These approvals allow Cholamandalam Financial Holdings to proceed with the reclassification of Algavista Greentech Private Limited, effectively removing it from the list of promoters.

Cholamandalam Financial Holdings had previously communicated its intentions regarding this reclassification in letters dated December 18, 2025, February 9, 2026, and February 11, 2026. The company is now required to ensure compliance with subsequent disclosures of material events related to this reclassification, as mandated by the SEBI regulations.

The declassification marks a significant step for Cholamandalam Financial Holdings as it continues to align its corporate structure with strategic objectives. The company will adhere to all necessary regulatory requirements to complete the process.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Tube Investments of India receives no-objection for promoter reclassification

Kinjal — Tue, 24 Mar 2026 13:25:45 +0000

Tube Investments of India has received no-objection letters from both the National Stock Exchange of India (NSE) and BSE Limited for the reclassification of Algavista Greentech Private Limited from the ‘Promoter and Promoter Group Category’ to the ‘Public Category’. This decision follows the company’s application submitted on 5th February 2026, in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The NSE’s approval was communicated through a letter dated 24th March 2026, with reference number NSE/LIST/COMP/TIINDIA/567/2025-2026. Similarly, BSE Limited also issued its no-objection on the same date, under reference number LIST/COMP/17441/2025-26. These approvals are crucial for Tube Investments of India as they allow the company to proceed with the reclassification process, ensuring compliance with the regulatory framework set by SEBI.

Algavista Greentech Private Limited, previously part of the promoter group, will now be classified under the public category. This move is part of a broader strategy by Tube Investments of India to streamline its shareholder structure and align with regulatory requirements.

The company is expected to follow up with any subsequent disclosures of material events related to this reclassification, in line with the applicable provisions of Regulation 31A. This ensures transparency and continued compliance with SEBI regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

CG Power receives NSE and BSE approval for promoter reclassification

Kinjal — Wed, 18 Mar 2026 11:17:19 +0000

CG Power and Industrial Solutions Limited has received approval from both the National Stock Exchange of India (NSE) and BSE Limited for the reclassification of its outgoing promoters. The reclassification pertains to M/s. Algavista Greentech Private Limited, which has been moved from the ‘Promoter and Promoter Group Category’ to the ‘Public Category’.

The approval from NSE was communicated via a letter with reference number NSE/LIST/COMP/CGPOWER/557/2025-2026, dated 18th March 2026. Similarly, BSE conveyed its approval through a letter bearing reference number LIST/COMP/KR/736/2025-26 on the same date.

This reclassification is in accordance with Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. CG Power had previously submitted an application for this reclassification on 30th January 2026.

The company is required to ensure compliance with any subsequent relevant disclosures of material events related to this reclassification, as per the applicable provisions of the SEBI Listing Regulations.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).