NACL Industries , a prominent player in the agrochemical sector, has announced several significant corporate decisions that are set to shape its future trajectory. The company's board has approved a series of strategic moves, including a substantial rights issue and key personnel changes.

Rights Issue Approval

The board of NACL Industries has given the green light to raise funds through a rights issue of equity shares. Here are the key details:

To oversee this financial move, the board has constituted a Securities Issue Committee. This committee has been delegated the authority to manage all matters related to the rights issue, ensuring a smooth and compliant process.

Leadership Changes

NACL Industries has announced changes in its key managerial personnel:

The board has approved Mr. N. Shankar's appointment as the new CFO and Key Managerial Personnel. Anish Mathew has resigned from the position due to personal reasons.

Other Corporate Actions

The board meeting also saw approvals for several other corporate actions:

1. Registered Office Relocation:

   • The company has approved shifting its registered office within Hyderabad, subject to necessary approvals.

2. Extension of CCD Conversion Timeline:

   • The conversion time for Rs. 28 crore Compulsorily Convertible Debentures (CCDs) from subsidiary NACL Spec-Chem Limited has been extended.

These decisions reflect NACL Industries' approach to corporate governance, financial strategy, and operational optimization. The rights issue signals the company's intent to strengthen its capital base. Meanwhile, the leadership change and office relocation may indicate efforts to enhance operational efficiency.

Investors and stakeholders will be watching how these developments unfold and impact the company's future performance and market position in the agrochemical sector.

NACL Industries Limited, a prominent player in the agrochemical sector, has announced that its shareholders have approved three significant resolutions through a postal ballot voting process that concluded on November 30, 2025.

Board Appointment

Shareholders have approved the appointment of Mr. Arun Alagappan (DIN: 00291361) as a Director of the company. Mr. Alagappan, who was previously appointed as an Additional Director on October 10, 2025, brings with him experience in business leadership and financial management.

Mr. Alagappan, aged 49, is currently the Executive Chairman of Coromandel International Limited (CIL), NACL's holding company. He holds a Commerce degree from the University of Madras and has completed the 'Owner President/Management Program' from Harvard Business School. With over 28 years of experience across various sectors, including agri-inputs and financial services, Mr. Alagappan's appointment is expected to bring valuable insights to NACL's board.

Non-Executive Director Compensation

The shareholders have also approved the payment of commission to Non-Executive Directors for a period of five years, from FY2025-26 to FY2029-2030. The approved commission is capped at 1.00% of the company's net profits annually, subject to the limits specified under the Companies Act, 2013. This move recognizes the enhanced responsibilities and time commitment required from Non-Executive Directors in light of evolving corporate governance requirements.

Material Related Party Transactions

The third approved resolution involves material related party transactions with the holding company, Coromandel International Limited. NACL has received approval to enter into transactions worth up to Rs 785.00 crores, covering a range of business activities including:

• Purchases and sales
• Inter-corporate services, including deputation services
• Sub-lease of office space
• Assignment of trademarks, licenses, or other similar rights
• R&D services
• Reimbursement of expenses
• Availing or rendering of services, including loans, letters of comfort, securities, or investments

These transactions represent approximately 63.58% of NACL Industries' consolidated turnover for the immediately preceding financial year.

NACL Industries has stated that all approved transactions will be conducted on an arm's length basis and in the ordinary course of business. The company indicates that these arrangements are expected to enhance its credit ratings, secure competitive financing, improve liquidity, and support planned capital expenditure initiatives.

The approval of these resolutions reflects NACL Industries' efforts to strengthen governance, align with market practices, and foster strategic partnerships as the agrochemical sector continues to evolve. The successful completion of the postal ballot voting process demonstrates the shareholders' support for the company's strategic direction and corporate actions.