Coromandel International has announced a significant leadership change with the cessation of Mr. Natarajan Srinivasan from his executive position. The company informed stock exchanges about this development through a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Director Cessation Details

The key details of the leadership change are outlined below:

Mutual Consent Agreement

According to the company's disclosure, Mr. Srinivasan communicated his cessation through a letter dated December 20, 2025. The departure stems from the discontinuation of his employment contract, which was originally dated April 30, 2025, by mutual consent between him and the company. The Board of Directors has considered and approved this arrangement.

In his resignation letter, Mr. Srinivasan stated that his employment contract "stands discontinued by mutual consent and has come to an end effective 20-12-2025 pursuant to the approval of the Board of the Company on 20-12-2025." He also confirmed that he ceases to hold any office in Coromandel International, including his position on the Board.

Regulatory Compliance

Coromandel International has fulfilled its regulatory obligations by filing the necessary intimations with stock exchanges. The company's disclosure includes:

• Formal notification to National Stock Exchange of India Limited and BSE Limited
• Complete details as required under Regulation 30 of SEBI Listing Regulations
• Copy of the director's resignation letter as supporting documentation

The company has requested the stock exchanges to take the submission on record and will be filing necessary returns with the Registrar of Companies as part of the standard compliance process.

Corporate Governance Impact

This leadership transition represents a change in Coromandel International's executive structure. The mutual consent nature of the departure indicates an amicable separation, with both parties agreeing to the terms of cessation. The company has ensured transparency by providing comprehensive details to shareholders and regulatory authorities through proper disclosure channels.

Coromandel International Limited , a leading Indian fertilizer and agri-solutions provider, has announced significant strategic moves that underscore its commitment to growth and expansion. The company's board has approved two major decisions: a substantial investment in its subsidiary's rights issue and the establishment of a new wholly-owned subsidiary in the Philippines.

Investment in NACL Industries

Coromandel International's board has given the green light to subscribe to the rights issue of its subsidiary, NACL Industries Limited, for an amount up to Rs 250 crores. This decision comes in response to NACL Industries' board approval of a fund raise not exceeding Rs 250 crores through a rights issue of equity shares.

Key points of the investment:

• Coromandel International will subscribe to the full extent of its rights entitlement
• The company may also subscribe to additional equity shares, including any unsubscribed portion
• A committee has been delegated authority to approve further matters relating to the rights issue

Expansion into Philippines

In a move to strengthen its international presence, Coromandel International has approved the establishment of a wholly-owned subsidiary in the Philippines. The board has sanctioned an investment of up to USD 200,000 for this purpose.

Changes in Management

The company has also announced changes in its senior management:

1. NACL Industries:

   • Mr. Anish Mathew has resigned from the position of Chief Financial Officer (CFO)
   • Mr. N. Shankar has been appointed as the new CFO and Key Managerial Personnel

2. Coromandel International:

   • Mr. Prameet Kamat and Mr. Sharad Gururaj Kalghatgi have been designated as Senior Management Personnel

Financial Position

To provide context for these strategic moves, here's a snapshot of Coromandel International's financial position based on its latest consolidated balance sheet data:

The company's financial position, as evidenced by the growth in total assets and equity, provides a foundation for these strategic investments and expansions.

These moves by Coromandel International reflect an approach to strengthening its market position and exploring new growth opportunities. The investment in its subsidiary NACL Industries and the expansion into the Philippines market demonstrate the company's focus on growth and diversification of its operations.

Investors and stakeholders will be watching how these strategic decisions unfold and impact the company's future performance in the agri-solutions sector.