Coromandel International Limited , a leading agri-solutions provider, has taken a significant step towards expanding its presence in Andhra Pradesh. The company recently signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), outlining a proposed investment of up to ₹2,000 crore in the state.

Key Details of the MoU

Implications and Objectives

The MoU serves as a framework to facilitate the execution of various projects in a time-bound manner. These initiatives are expected to contribute significantly to the industrial development of Andhra Pradesh while aligning with Coromandel International's business objectives.

Regulatory Compliance

Coromandel International has disclosed this development to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Looking Ahead

While the MoU is non-binding at this stage, it represents a substantial commitment from Coromandel International towards investment in Andhra Pradesh. The proposed projects are subject to necessary approvals and will be executed in accordance with the prevailing policies, rules, and regulations of the Government of Andhra Pradesh.

This strategic move by Coromandel International could potentially strengthen its footprint in Andhra Pradesh and contribute to the state's economic growth. Stakeholders will be keenly watching how this MoU translates into concrete projects and what impact it may have on the company's future performance and the state's industrial landscape.

Coromandel International Limited , a leading agri-solutions provider, has announced two significant corporate actions through a postal ballot notice. The company is seeking shareholder approval for the re-appointment of Mr. Arun Alagappan as Whole-time Director and Executive Chairman, as well as for providing a substantial loan to its subsidiary, NACL Industries Limited.

Executive Chairman Re-appointment

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has proposed the re-appointment of Mr. Arun Alagappan as Whole-time Director, designated as Executive Chairman, for a five-year term from February 15, 2026, to February 14, 2031. This appointment is subject to shareholder approval.

Mr. Alagappan's proposed remuneration package includes:

Under Mr. Alagappan's leadership since 2021, Coromandel International has seen significant growth:

• Revenue increased by 70% from Rs. 14,182.00 crores in FY 2021 to Rs. 24,085.00 crores in FY 2025
• Profit After Tax (PAT) grew by 55% from Rs. 1,329.00 crores to Rs. 2,055.00 crores

Loan to Subsidiary

The company is also seeking shareholder approval to provide a loan of up to Rs. 160.00 crores to its subsidiary, NACL Industries Limited. Key details of the proposed loan include:

This financial support aims to enhance NACL's business performance and potentially improve its credit rating. NACL plans to use the funds for retiring high-cost debt and for capital expenditure projects with shorter payback periods.

Voting Process

Shareholders can cast their votes through remote e-voting, which will be open from November 6, 2025, to December 5, 2025. The results of the postal ballot are expected to be announced on or before December 9, 2025.

These corporate actions reflect Coromandel International's strategic moves to strengthen its leadership and support its subsidiary's growth. Shareholders will play a crucial role in determining the outcome of these proposals, which could significantly impact the company's future direction and financial structure.