Coromandel International Limited's Board of Directors has approved significant organizational changes during its meeting held on March 30, 2026. The board meeting, which commenced at 10:00 a.m. and concluded at 1:10 p.m., resulted in the redesignation of an Executive Director and multiple senior management appointments effective April 20, 2026.

Executive Director Redesignation

The board approved the redesignation of Mr. Narayanan Vellayan from Whole Time Director – Strategic Sourcing to Executive Director – Nutrient Business. This change forms part of the company's organizational restructuring initiatives and will take effect on April 20, 2026.

Senior Management Appointments

Five professionals have been designated as senior management personnel effective April 20, 2026, as part of organizational changes:

Key Appointee Profiles

Mr. Madhab Adhikari brings over two decades of experience in the agri-input sector. He joined Coromandel as a Management Trainee in 2003 and has held diverse operational, marketing, strategic and leadership roles. He previously led the Specialty Nutrients and Organic Business and currently leads the Nano fertiliser business and drone-based agricultural spraying services.

Mr. Avinash Thakur is an agri-professional with an MBA who has strengthened his leadership capabilities through programs at Harvard and ISB. With 25 years of experience, he has led Sales & Marketing, Business Development, Strategy, and P&L management across diverse agri and allied sectors.

Mr. G. Babu is a qualified Chartered Accountant with over 30 years of association with the Murugappa Group in key finance and business leadership roles. He joined Coromandel in April 2021 as Head of Finance – Retail Business and was elevated on June 1, 2023 to lead the entire Retail Business.

Management Departures

The board noted several departures from senior management positions. Mr. Bharat Chaba, Vice President – Strategic Initiatives, submitted his resignation and will be relieved from services effective closing hours of April 24, 2026. Additionally, Mr. Roshan Mammen ceased to be a senior management personnel effective March 30, 2026, and Mr. Amir Alvi's role as Chief Operating Officer - Fertilizer ended effective April 20, 2026, both due to organizational changes.

Regulatory Compliance

All changes have been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the board meeting outcome with both NSE and BSE through reference number 2025-26/0110. The newly designated senior management personnel are full-time employees of the company as per employment terms and conditions, and none have any relationship with the company's directors.

Coromandel International Limited has successfully obtained regulatory approval from India's leading stock exchanges for a significant corporate restructuring initiative. The company received no-objection letters from both the National Stock Exchange of India Limited (NSE) and BSE Limited on March 19, 2026, for the reclassification of Algavista Greentech Private Limited from its promoter group.

Regulatory Approvals Received

The approvals were granted under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The regulatory clearances demonstrate the completion of a process that began with the company's initial applications submitted in early 2026.

Application Timeline

The reclassification process involved multiple submissions to the exchanges. Coromandel International had made earlier submissions on December 18, 2025, January 29, 2026, February 3, 2026, and February 4, 2026, before receiving the final approvals. The formal applications for the reclassification were dated February 3, 2026, for NSE and February 2, 2026, for BSE.

Entity Being Reclassified

The reclassification specifically pertains to Algavista Greentech Private Limited, which was previously classified as part of Coromandel International's promoter group. Both exchanges have approved the removal of this entity from the promoter group classification.

Compliance Requirements

Both NSE and BSE have emphasized that Coromandel International must ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company is required to adhere to the applicable provisions of Regulation 31A of SEBI (LODR) Regulations, 2015, for all future disclosures.

Corporate Communication

The approval notification was signed by B. Shanmugasundaram, Company Secretary and Compliance Officer of Coromandel International Limited, and was digitally signed on March 19, 2026. The exchanges have also directed that the approval letters be forwarded to depositories, registrar and share transfer agents for necessary action at their end.