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.

NACL Industries Limited reported a standalone net profit of ₹23.57 crore for the quarter ended June 30, 2026, marking a 64.8% increase from ₹14.30 crore in the corresponding period of the previous year. Revenue from operations for Q1FY27 stood at ₹382.25 crore, while total income was ₹384.26 crore. The Board of Directors approved the unaudited financial results on July 22, 2026.

Financial Performance

The company's EBITDA for the quarter stood at ₹414 million, up from ₹381 million in the same period last year, reflecting improved operational efficiency. EBITDA margin expanded meaningfully to 10.8% from 8.51% on a year-on-year basis. On a consolidated basis, net profit rose to ₹20.84 crore from ₹13.04 crore in Q1FY26, while consolidated revenue from operations was ₹383.33 crore compared to ₹448.36 crore in the prior year period. The basic and diluted earnings per share (EPS) for the standalone entity were recorded at ₹1.01 for the quarter, up from ₹0.66 in the same period last year.

The table below summarises the key financial metrics for the quarter:

Strategic Divestment

The Board approved the proposal to divest the company's entire equity stake in Nasense Labs Private Limited, an associate company. The stake will be sold to Mr. Kanumuru Satyanarayana Raju for a total consideration of ₹8,15,29,967. The transaction is expected to be completed within the next three months, subject to the fulfilment of terms and conditions outlined in the Share Purchase Agreement. Post-completion, Nasense Labs Private Limited will cease to be an associate company of NACL Industries Limited.

Operational Details

The unaudited financial results were reviewed by M/s. S R Batliboi & Associates, Statutory Auditors of the company, who issued an unmodified conclusion. The company also reported that funds raised through a rights issue in December 2025 have been utilised for the intended purposes, with an unutilised amount of ₹2,445 lakhs deposited in an earmarked bank account. Additionally, the company allotted 65,000 equity shares during the quarter pursuant to the exercise of stock options.