Coromandel International Limited , a leading agri-solutions provider, has announced that its shareholders have approved two significant corporate actions through a postal ballot. The company has received 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 NACL Industries Limited.

Executive Chairman Re-appointment

Shareholders have approved 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.

Mr. Alagappan's approved remuneration package includes:

Loan to NACL Industries Limited

Shareholders have also approved providing a loan of up to Rs. 160.00 crores to NACL Industries Limited under Section 185 of the Companies Act, 2013. This financial support aims to strengthen NACL's financial position and meet its operational needs.

These approved corporate actions reflect Coromandel International's commitment to strengthening its leadership and supporting its subsidiary's growth. The shareholder approval demonstrates confidence in the company's strategic decisions and future direction.

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 (₹).