NACL Industries has received a formal request for promoter group re-classification under SEBI Listing Regulations on December 18, 2025. Algavista Greentech Private Limited (AGPL) has sought re-classification from the promoter and promoter group category to public category, citing changes in its shareholding structure.

Background of Re-classification Request

The re-classification request stems from a significant change in AGPL's ownership structure. E.I.D.-Parry (India) Limited (EID), which was part of NACL Industries' promoter group, has reduced its shareholding in AGPL from 50.00% to nil holdings. This change occurred following the sale of EID's stake in AGPL to its joint venture partner, Synthite Industries Private Limited.

Regulatory Compliance and Justification

AGPL has confirmed that it no longer falls under the definition of promoter group as specified in regulation 2(pp) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The company has provided comprehensive confirmations under Regulation 31A(3)(b) of the SEBI Listing Regulations, stating that neither AGPL nor any person related to it:

• Holds more than 10.00% of total voting rights in NACL Industries
• Exercises control over company affairs directly or indirectly
• Has special rights through formal or informal arrangements
• Is represented on the board of directors
• Acts as key managerial personnel
• Is classified as willful defaulter or fugitive economic offender

Current Shareholding Status

As per the disclosure, AGPL's current shareholding position in NACL Industries stands at nil, effectively making this a technical de-classification rather than a traditional re-classification.

Next Steps and Regulatory Process

NACL Industries will place the re-classification request before its Board of Directors as stipulated under Regulation 31A(3) of the SEBI Listing Regulations. Following board approval, the company will submit an application seeking no-objection from both National Stock Exchange of India Limited and BSE Limited. AGPL has committed to providing all necessary information and documents to facilitate the re-classification process and comply with ongoing regulatory requirements.

The re-classification, once approved, will result in AGPL's removal from NACL Industries' promoter group list, reflecting the changed ownership dynamics following the stake sale by E.I.D.-Parry (India) Limited.

NACL Industries Limited has published its post-issue advertisement regarding the successful completion of its ₹249 crore rights issue, marking the final regulatory step following the allotment process completed on December 31, 2025. The company issued the advertisement on January 2, 2026, in compliance with SEBI regulations.

Rights Issue Completion Summary

The company successfully completed the allotment of 3.25 crore rights equity shares at ₹76.70 per share, raising approximately ₹249 crore through its rights issue. The Securities Issue Committee approved the allotment on December 31, 2025, with the entire process conducted in consultation with KFin Technologies Limited as the registrar.

Subscription and Allotment Details

The rights issue received overwhelming response from investors, with the company receiving 9,916 applications for 64,500,791 rights equity shares. After technical rejections of 674 applications, 9,242 valid applications were processed for 64,016,879 shares, representing 196.96% subscription of the issue size.

Post-Issue Regulatory Compliance

The post-issue advertisement was published in multiple newspapers including Financial Express (all editions), Jansatta (all editions), and Surya (Hyderabad editions) on January 2, 2026. This publication fulfills the requirements under Regulation 92(1) of the SEBI ICDR Regulations.

Capital Structure Enhancement

Following the successful allotment, NACL Industries' paid-up equity share capital increased from ₹20.15 crore to ₹23.40 crore, representing an addition of ₹3.25 crore through the new share issuance.

Subsidiary Investment Approval

The Securities Issue Committee also approved a ₹83 crore investment in wholly-owned subsidiary NACL Spec-Chem Limited through Compulsorily Convertible Debentures (CCDs), with 8,300 debentures of ₹1 lakh face value each for loan repayment purposes.

The successful completion of this rights issue and subsequent regulatory compliance positions NACL Industries for enhanced operational capabilities while demonstrating strong investor confidence in the agro-chemical sector company's growth prospects.