NACL Industries: Algavista Greentech Seeks Re-classification from Promoter Group

NACL Industries Limited has received a request from Algavista Greentech Private Limited (AGPL) seeking re-classification from the 'promoter and promoter group' category to the 'public' category, in ac...

NACL Industries Limited has received a request from Algavista Greentech Private Limited (AGPL) seeking re-classification from the 'promoter and promoter group' category to the 'public' category, in accordance with Regulation 31A of the SEBI Listing Regulations. This request stems from a change in the shareholding of E.I.D.-Parry (India) Limited (EID), a promoter group company, in AGPL. EID's stake in AGPL has reduced from 50% to nil following the sale of its shares to its Joint Venture partner, Synthite Industries Private Limited. Consequently, AGPL no longer falls under the definition of a promoter group as specified in SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As of the date of the request letter, December 18, 2025, AGPL holds no shares in NACL Industries Limited and has requested its removal from the Company’s promoter group list. The company will place this request before its Board of Directors as per Regulation 31A(3) of the SEBI Listing Regulations. Following Board approval, an application will be submitted to the National Stock Exchange of India Limited and BSE Limited seeking their no-objection for the re-classification.

Limitations of AI summaries

AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.

Platforms like Prysm provide stock-level and portfolio-level analysis.

Why is NACL Industries Limited in the news today?

NACL Industries Limited (NACLIND) is in the news due to the announcement is a procedural update regarding a shareholder's request for re-classification. it does not immediately impact the company's financials or operations, hence the sentiment is neutral.

Substantial Acquisition of Shares and TakeoversMajor Shareholder DisclosuresOther Regulatory FilingsCorporate Governance Report
NACL Industries LimitedNACLINDhttps://prysm.fi/v2/analyze/NACLIND

AI-Powered Summary

Market Context

Top Queries

More News

Explore Prysm Tools

Related Stories

NACL Industries: Algavista Greentech Seeks Re-classification from Promoter Group

December 18, 2025, 02:35 PM

AI Sentiment Analysis

NACL Industries Limited has received a request from Algavista Greentech Private Limited (AGPL) seeking re-classification from the 'promoter and promoter group' category to the 'public' category, in accordance with Regulation 31A of the SEBI Listing Regulations. This request stems from a change in the shareholding of E.I.D.-Parry (India) Limited (EID), a promoter group company, in AGPL. EID's stake in AGPL has reduced from 50% to nil following the sale of its shares to its Joint Venture partner, Synthite Industries Private Limited.

Consequently, AGPL no longer falls under the definition of a promoter group as specified in SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As of the date of the request letter, December 18, 2025, AGPL holds no shares in NACL Industries Limited and has requested its removal from the Company’s promoter group list.

The company will place this request before its Board of Directors as per Regulation 31A(3) of the SEBI Listing Regulations. Following Board approval, an application will be submitted to the National Stock Exchange of India Limited and BSE Limited seeking their no-objection for the re-classification.

See What Deep Dive Gives You — in Seconds

“what happens when you click Deep Dive “

Instant AI Summary - “Get clean, noise-free earnings breakdowns.”

PDF Insights - “Download detailed, AI-generated reports.”

Metrics Explained - “Key ratios & trends explained in simple language.”

Want to know if this news pushes your stock up or down?

Just tap

deep dive

Top Queries to Ask About NACL Industries Limited

More News on NACL Industries Limited

Discover more trending news on Prysm

View All