NACL Industries Limited, a prominent player in the agrochemical sector, has announced a significant addition to its leadership team. The company has appointed Mr. Arun Alagappan as an Additional Director (Non-Executive & Non-Independent) on its Board of Directors, effective October 10, 2025.

Board Approval and Shareholder Consent

The appointment was approved by the NACL Industries Board through a circular resolution on October 10, 2025. However, it's important to note that this appointment is subject to shareholder approval, as per regulatory requirements.

About Arun Alagappan

Mr. Alagappan brings a wealth of experience and expertise to NACL Industries. Here's a brief overview of his background:

Professional Journey

Mr. Alagappan's career trajectory showcases his versatility and leadership in various industries:

1. Began his career with GE Capital Services India in 1997.
2. Joined the Murugappa Group in 1999, starting with Parryware (a division of E.I.D Parry India Limited).
3. From 2005 to 2017, held various positions at Tube Investments of India Limited, eventually becoming the President & Business Head of TI Cycles.
4. Appointed as Executive Director of Cholamandalam Investment and Finance Company Limited in August 2017, later becoming Managing Director in November 2019.
5. Transitioned to his current role at Coromandel International Limited after February 2021.

Regulatory Compliance

In accordance with regulatory requirements, NACL Industries has confirmed that Mr. Alagappan is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

This strategic appointment is expected to bring valuable insights and leadership to NACL Industries, potentially contributing to the company's growth and strategic direction in the agrochemical sector.

NACL Industries Limited , a prominent player in the agrochemical sector, has announced significant changes to its leadership and board composition following a postal ballot voting process that concluded on September 17, 2025. The shareholders overwhelmingly approved nine resolutions, marking a new chapter in the company's governance structure.

Key Leadership Appointment

The most notable change is the appointment of Dr. Raghuram Devarakonda as the new Managing Director & Chief Executive Officer of NACL Industries. Shareholders approved a three-year term for Dr. Devarakonda, effective from August 08, 2025, to August 07, 2028. His remuneration package includes a monthly basic salary of Rs. 12,01,350, with the potential for performance incentives up to 70% of his annual basic pay.

Board Expansion and Independent Directors

The postal ballot also resulted in the appointment of several new directors to strengthen the company's board:

• Mr. Natarajan Srinivasan and Mr. S Sankarasubramanian were appointed as Directors of the company.
• Three new Independent Directors were added to the board for five-year terms:
  1. Mr. Suresh Subramanian
  2. Mr. B Raghvendra Rao
  3. Mr. Sanjiv Lal

These appointments are expected to bring diverse expertise and fresh perspectives to NACL Industries' strategic decision-making process.

Changes in Statutory Auditors

Shareholders approved the appointment of M/s. S.R. Batliboi & Associates LLP, Chartered Accountants, as the new Statutory Auditors of the company. They will fill the casual vacancy caused by the resignation of the previous auditors and will hold office until the conclusion of the upcoming Annual General Meeting in 2025.

Amendments to Articles of Association

The company also received approval to amend its Articles of Association. This change is related to the termination of a previous share subscription and shareholders' agreement, reflecting evolving corporate governance structures.

Shareholder Participation and Approval Rates

The postal ballot saw participation from 260 shareholders out of a total of 43,381. Notably, all resolutions passed with an overwhelming majority, each receiving over 99.99% votes in favor. This high approval rate demonstrates strong shareholder confidence in the proposed changes and the future direction of NACL Industries.

NACL Industries Limited, known for its presence in the agrochemical industry, is poised for a new phase of growth and development with these leadership and governance changes. The strong mandate from shareholders suggests a positive outlook for the company's strategic initiatives under the new leadership team.