Coromandel International Limited , a leading player in the Indian fertiliser industry, has made a significant stride in agricultural innovation with the commissioning of a new nano fertiliser plant in Kakinada, Andhra Pradesh. This state-of-the-art facility, built with an investment of Rs 50 crores from internal accruals, marks a notable advancement in the company's product portfolio and production capabilities.

Plant Specifications and Capacity

The newly commissioned plant boasts an impressive daily production capacity of 30 KL, translating to an annual output of 10,000 KL. This substantial capacity positions Coromandel International to meet the growing demand for advanced fertiliser solutions across India.

Innovative Product Development

At the heart of this development is Coromandel International's commitment to research and innovation. The company has successfully developed nano fertilisers, including Nano DAP (Diammonium Phosphate) and Nano Urea, through its in-house research and development center. These cutting-edge products represent a significant leap in fertiliser technology.

Benefits of Nano Fertilisers

The nano-sized fertiliser particles are engineered to optimize nutrient delivery and absorption by plants. This innovative approach holds the potential to partially replace conventional fertilisers like DAP, which could lead to a reduction in fertiliser imports. The enhanced efficiency of nano fertilisers may contribute to more sustainable agricultural practices and improved crop yields.

Strategic Implications

This investment in nano fertiliser technology aligns with broader industry trends towards more efficient and environmentally friendly agricultural inputs. By establishing this facility, Coromandel International is positioning itself at the forefront of agricultural innovation in India.

Market Reach

The strategic location of the plant in Kakinada, Andhra Pradesh, enables Coromandel International to efficiently serve demands across the country. This geographical advantage could potentially strengthen the company's market presence and distribution capabilities in the agricultural sector.

Coromandel International's latest venture into nano fertiliser production demonstrates the company's commitment to advancing agricultural technology and supporting sustainable farming practices. As the agricultural sector continues to evolve, innovations like these could play a crucial role in addressing the challenges of food security and environmental sustainability.

Coromandel International Limited has successfully completed the acquisition of a majority stake in NACL Industries Limited, marking a significant expansion in the agrochemical sector. The company announced the completion of the transaction on August 8, 2025, which involved the purchase of 10,69,07,146 equity shares, representing a 53.08% stake in NACL Industries.

Key Highlights of the Acquisition

Transaction Details

The acquisition was executed through multiple share purchase agreements dated March 12, 2025, involving various parties:

1. KLR Products Limited (Promoter Seller)
2. Mrs. Kanumuru Lakshmi Raju (Promoter)
3. Bright Town Investment Advisor Private Limited (Promoter Group Party)
4. Krishi Rasayan Export Private Limited
5. Agro Life Science Corporation

Implications and Corporate Changes

As a result of this acquisition, Coromandel International has become the 'promoter' of NACL Industries, effective August 8, 2025. This change in ownership structure has led to some corporate restructuring within Coromandel International:

• Director Resignation: Dr. Raghuram Devarakonda (DIN: 09749805) has resigned from his position as Executive Director – CPC, Bio & Retail of Coromandel International, effective immediately.
• Board Nomination: Dr. Devarakonda's resignation is in view of his nomination to the Board of NACL Industries Limited, as per the terms of the Share Purchase Agreement.

Regulatory Compliance

The transaction was completed in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Coromandel International has duly informed the stock exchanges about the completion of the acquisition and the subsequent changes in its corporate structure, adhering to the disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic acquisition is expected to strengthen Coromandel International's position in the agrochemical industry, potentially leading to synergies and expanded market presence.