Coromandel International Limited , a leading Indian fertilizer and agri-solutions provider, has announced significant strategic moves that underscore its commitment to growth and expansion. The company's board has approved two major decisions: a substantial investment in its subsidiary's rights issue and the establishment of a new wholly-owned subsidiary in the Philippines.

Investment in NACL Industries

Coromandel International's board has given the green light to subscribe to the rights issue of its subsidiary, NACL Industries Limited, for an amount up to Rs 250 crores. This decision comes in response to NACL Industries' board approval of a fund raise not exceeding Rs 250 crores through a rights issue of equity shares.

Key points of the investment:

• Coromandel International will subscribe to the full extent of its rights entitlement
• The company may also subscribe to additional equity shares, including any unsubscribed portion
• A committee has been delegated authority to approve further matters relating to the rights issue

Expansion into Philippines

In a move to strengthen its international presence, Coromandel International has approved the establishment of a wholly-owned subsidiary in the Philippines. The board has sanctioned an investment of up to USD 200,000 for this purpose.

Changes in Management

The company has also announced changes in its senior management:

1. NACL Industries:

   • Mr. Anish Mathew has resigned from the position of Chief Financial Officer (CFO)
   • Mr. N. Shankar has been appointed as the new CFO and Key Managerial Personnel

2. Coromandel International:

   • Mr. Prameet Kamat and Mr. Sharad Gururaj Kalghatgi have been designated as Senior Management Personnel

Financial Position

To provide context for these strategic moves, here's a snapshot of Coromandel International's financial position based on its latest consolidated balance sheet data:

The company's financial position, as evidenced by the growth in total assets and equity, provides a foundation for these strategic investments and expansions.

These moves by Coromandel International reflect an approach to strengthening its market position and exploring new growth opportunities. The investment in its subsidiary NACL Industries and the expansion into the Philippines market demonstrate the company's focus on growth and diversification of its operations.

Investors and stakeholders will be watching how these strategic decisions unfold and impact the company's future performance in the agri-solutions sector.

Coromandel International Limited , a prominent player in the Indian agricultural sector, has announced the passing of Shri A Vellayan, the company's Chairman Emeritus and former Chairman of the Murugappa Group. The news was confirmed in a formal communication to the National Stock Exchange of India and BSE Limited on November 17, 2025.

A Legacy of Leadership

Shri A Vellayan's tenure with the Murugappa Group spanned several decades, during which he provided strategic leadership across its diverse business portfolio. His contributions were instrumental in transforming the Group into one of India's most respected conglomerates.

Key Contributions

Company's Statement

In its official communication, Coromandel International expressed deep sorrow at Vellayan's demise. The company highlighted his significant role in shaping the Group's success, stating, "His vision, discipline and commitment played a key role in strengthening and expanding the Group into one of India's most respected conglomerates."

Looking Ahead

While the loss of such a pivotal figure is undoubtedly a setback for Coromandel International and the broader Murugappa Group, the strong foundation laid by Shri A Vellayan is expected to guide the company's future endeavors. His strategic vision and leadership principles are likely to continue influencing the company's direction in the years to come.

The passing of Shri A Vellayan marks the end of an era for Coromandel International and the Murugappa Group. His legacy of strategic leadership and commitment to excellence will undoubtedly be remembered and honored as the company moves forward.