Coromandel International Limited , a leading player in the Indian fertilizer and crop protection market, has reported its unaudited financial results for the quarter and half year ended September 30, 2025, and announced several key corporate actions.

Financial Results

The company's Board of Directors approved the unaudited financial results for Q2 FY2026 at a meeting held on October 30, 2025. The meeting commenced at 11:00 a.m. and concluded at 01:30 p.m.

Corporate Actions

Coromandel International has initiated a postal ballot seeking shareholder approval for three significant items:

1. Re-appointment of Executive Chairman: The company is seeking approval for the re-appointment of Mr. Arun Alagappan as Executive Chairman for a 5-year term from February 15, 2026 to February 14, 2031.

2. Approval for Providing Loans: Shareholders will vote on granting approval for providing loans under Section 185 of the Companies Act 2013.

3. Inter-corporate Loan to Subsidiary: The company is seeking approval to grant an inter-corporate loan of Rs. 160.00 crores to its subsidiary, NACL Industries Limited.

Support for Subsidiary

In addition to the inter-corporate loan, the Board has approved issuing a Letter of Comfort up to Rs. 550.00 crores in favor of lenders for loans to NACL Industries and its subsidiaries. This move is likely aimed at supporting the financial needs of the subsidiary and potentially securing better lending terms.

Acquisition Update

Coromandel International has reported that it now holds a 53.08% shareholding in NACL Industries Limited. This acquisition became effective on August 8, 2025, making NACL Industries a subsidiary of Coromandel International.

Outlook

These corporate actions, particularly the support for NACL Industries, suggest that Coromandel International is focusing on strengthening its position in the crop protection segment. The re-appointment of Mr. Arun Alagappan, if approved, would ensure continuity in leadership for the next five years.

Investors and market observers will likely be keen to analyze the detailed financial results and understand the strategic rationale behind the increased support for NACL Industries.

Note: All financial figures are in Indian Rupees (₹).

Coromandel International , a leading agri-solutions provider, has taken steps to reclassify two entities from its 'Promoter group' category to non-promoter status. The company has applied to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for their no-objection to this reclassification.

Entities Involved

The two entities in question are:

1. Coromandel Engineering Company Limited (CECL)
2. Yanmar Coromandel Agrisolutions Private Limited (YCAS)

Current Shareholding

According to the application submitted by Coromandel International, both CECL and YCAS currently hold zero equity shares in the company. This lack of shareholding appears to be a key factor in the company's decision to seek reclassification.

Application Timeline

The company has been in communication with the stock exchanges regarding this matter. The timeline of events is as follows:

• August 30: Initial communication
• September 17: Follow-up communication
• September 22: Additional communication
• September 26: Formal application submitted

Regulatory Context

Coromandel International is seeking this reclassification under Regulation 31A of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations. This regulation provides guidelines for the reclassification of promoter/promoter group entities.

Company's Statement

In its application to the stock exchanges, Coromandel International stated, "We wish to inform you that the Company has today, September 26, made an application seeking a 'no-objection' from the Stock Exchanges (National Stock Exchange of India Limited and BSE Limited) for re-classification of the below named Outgoing Persons from 'Promoter group' category, in accordance with Regulation 31A of the Listing Regulations."

Next Steps

The reclassification process will now depend on the response from NSE and BSE. If approved, CECL and YCAS will no longer be considered part of Coromandel International's promoter group, potentially simplifying the company's shareholding structure.

Investors and market watchers will be keen to see how this reclassification, if approved, might impact Coromandel International's corporate governance and ownership structure going forward.