Coromandel International Acquires Majority Stake in NACL Industries, Triggers Major Board Restructuring 1 day ago Yesterday
Coromandel International Limited has acquired a 53.13% stake in NACL Industries, becoming the new promoter. This acquisition led to significant board restructuring with six new appointments, including Dr. Raghuram Devarakonda as Managing Director and CEO, and ten resignations. Mr. Natarajan Srinivasan is appointed as the new Chairman. The company will seek shareholder approval for new appointments and changes to articles of association. B S R & Co. resigned as statutory auditors, replaced by S. R. Batliboi & Associates LLP, pending shareholder approval.
Coromandel International Acquires Majority Stake in NACL Industries, Triggering Major Board Reshuffle 1 day ago Yesterday
SEBI Approves Coromandel International's Open Offer for 26% Stake in NACL Industries 3 days ago
NACL Industries Reports Impressive Q1 Turnaround with ₹130 Crore Net Profit Jul 28, 2025