Coromandel International Limited has strengthened its position in subsidiary NACL Industries Limited by participating in the latter's rights issue, increasing its shareholding from 53.06% to 53.73%. The Securities Issue Committee of NACL Industries approved the allotment of shares on December 31, 2025.

Rights Issue Allotment Details

NACL Industries Limited completed its rights issue by allotting 3,25,01,851 fully paid-up equity shares of face value ₹1 each to eligible shareholders and renouncees. Coromandel International received 1,88,24,301 shares through this allotment, which included both its rights entitlement and additional shares applied for.

Shareholding Changes

Following the allotment, Coromandel International's shareholding in NACL Industries has increased substantially. The company's equity holding rose from 10,69,12,581 shares to 12,57,36,882 shares, representing a percentage increase from 53.06% to 53.73%.

NACL Industries Profile

NACL Industries Limited, incorporated on November 11, 1986, operates as a prominent player in the agrochemical space. The company manufactures and sells crop protection technicals, including pesticides, insecticides, herbicides, fungicides, and plant growth chemicals, along with branded formulations.

Financial Performance Overview

The company's recent financial performance shows the following turnover trends:

Standalone Turnover (₹ crores):

• FY 2024-25: ₹1,251.89
• FY 2023-24: ₹1,780.84
• FY 2022-23: ₹2,116.00

Consolidated Turnover (₹ crores):

• FY 2024-25: ₹1,234.52
• FY 2023-24: ₹1,787.30
• FY 2022-23: ₹2,115.51

Regulatory Compliance

The investment by Coromandel International in NACL's rights issue does not fall within the ambit of Related Party Transactions, despite NACL being a subsidiary. The company confirmed that no promoter, promoter group, or group companies have any interest in NACL except for existing shareholdings. The transaction complies with applicable laws including Minimum Public Shareholding requirements under Securities Contract Regulation Rules, 1957 and SEBI Listing Regulations.

Coromandel International Limited has issued a clarification to BSE Limited regarding the recent increase in trading volume of its equity shares, responding to an exchange inquiry dated December 31, 2025.

Company's Response to Volume Movement Inquiry

The fertilizer company addressed BSE's concerns about heightened trading activity through an official communication bearing reference number 2025-26/088. The exchange had sought clarification regarding the observed increase in trading volume through its surveillance department.

Regulatory Compliance and Disclosure Status

Coromandel International emphasized its adherence to regulatory requirements, stating that the company has been consistently making all necessary disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management confirmed that no material information or announcements are pending that could potentially influence the company's share price or trading volume.

The company's response highlighted several key points:

• Regular compliance with SEBI LODR Regulations maintained
• No pending material information requiring disclosure
• No specific events or developments identified as volume drivers
• Commitment to prompt disclosure of future material events

Market Conditions Attribution

The company attributed the increased trading volume to prevailing market conditions rather than any company-specific factors. Management stated they are not aware of any particular information, event, or development that could have resulted in the observed volume increase.

Ongoing Compliance Commitment

Coromandel International reaffirmed its commitment to maintaining transparency and regulatory compliance. The company assured that it will continue to fulfill all applicable disclosure requirements and will promptly inform the exchanges of any material events or information as required under regulations.

The clarification was signed by B. Shanmugasundaram, Company Secretary & Compliance Officer, and submitted digitally to BSE Limited on December 31, 2025.