NACL Industries Limited held its 39th Annual General Meeting on July 22, 2026, approving the audited financial statements for the year ended March 31, 2026, and revising the remuneration of its Managing Director & Chief Executive Officer. The meeting, convened via video conferencing, was presided over by Chairman Mr. Arun Alagappan and included the re-appointment of a director and the ratification of cost auditor fees.

The Board confirmed that the Statutory Auditors' Report contained no qualifications, observations, or comments adversely affecting the company's operations. However, qualifications in the Secretarial Auditors' Report were addressed, with the Board providing appropriate explanations in its report. The Chairman highlighted the company's strategic focus on "Stabilize" and "Build" to navigate industry volatility and drive operational recovery.

Resolutions Passed

Shareholders voted on five items of business, including four ordinary resolutions and one special resolution. The remote e-voting facility was available from July 19 to July 21, 2026, with Mr. R. Sridharan of R. Sridharan & Associates appointed as the Scrutinizer.

Key Attendees and Governance

The meeting was attended by key personnel, including Dr. Raghuram Devarakonda, Managing Director & CEO, Mr. N. Shankar, Chief Financial Officer, and Mr. Rajesh Mukhija, Company Secretary. Several independent directors joined via video conferencing from Chennai. Representatives from M/s. S.R. Batliboi & Associates LLP (Statutory Auditors), M/s. Sridharan & Associates (Secretarial Auditors), and M/s. Narasimha Murthy & Co (Cost Auditors) were also present.

The Chairman noted that the Register of Directors, Key Managerial Personnel shareholding, and Register of Contracts were available for inspection. Additionally, the Secretarial Auditor's certificate confirming compliance with SEBI regulations regarding Employee Stock Option Schemes was made accessible to members.

Coromandel International Limited, the promoter of NACL Industries , has confirmed that it along with persons acting in concert has not created any encumbrance on the shares of the company during the financial year 2025-26. This disclosure ensures that the shareholding remains free from charges such as pledges or hypothecation, which is a key indicator of financial stability for investors. The confirmation was submitted to the stock exchanges on April 10, 2026, in compliance with regulatory requirements.

The filing was made pursuant to Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Coromandel International stated that neither the promoters nor the promoter group members have made any direct or indirect encumbrance on the shares during the specified financial year. The disclosure was simultaneously provided to the Audit Committee of NACL Industries in accordance with Regulation 31(5)(b) of the SEBI SAST Regulations.

Promoter and PAC Details

The disclosure included a comprehensive list of 199 entities classified as promoters or persons acting in concert (PAC). The list encompasses individuals, trusts, and corporate entities within the promoter group. Below is a summary of the key categories of entities identified in the filing.

The list also detailed numerous foreign subsidiaries and associates, such as Coromandel International (Nigeria) Limited and Coromandel Brasil Ltda, all classified under the promoter group. The confirmation was signed by B Shanmugasundaram, Company Secretary & Compliance Officer of Coromandel International Limited.