NACL Industries Seeks Shareholder Approval for Board Overhaul and Key Corporate Actions Aug 18, 2025
More news about NACL Industries
08Aug 25
Coromandel International Acquires Majority Stake in NACL Industries, Triggers Major Board Restructuring
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.
08Aug 25
Coromandel International Acquires Majority Stake in NACL Industries, Triggering Major Board Reshuffle
Coromandel International Limited (CIL) has acquired a 53.13% stake in NACL Industries, becoming its new promoter. This acquisition has led to a significant restructuring of NACL's board. Dr. Raghuram Devarakonda has been appointed as the new MD and CEO, along with five new directors. Ten previous directors, including the former Chairperson, have resigned. B S R & Co. has stepped down as statutory auditors, replaced by S. R. Batliboi & Associates LLP. The former promoters will be reclassified as public shareholders, and amendments to the company's articles of association have been approved.
05Aug 25
SEBI Approves Coromandel International's Open Offer for 26% Stake in NACL Industries
SEBI has issued final comments on Coromandel International Limited's open offer to acquire a 26% stake in NACL Industries. The offer involves purchasing up to 5,24,62,320 equity shares of NACL, each with a face value of INR 1.00. Coromandel International will proceed with further steps as recommended by SEBI, in line with the SAST Regulations, 2011. This development could potentially lead to a significant change in NACL Industries' ownership structure and impact both companies' positions in the agrochemical sector.
28Jul 25
NACL Industries Reports Impressive Q1 Turnaround with ₹130 Crore Net Profit
NACL Industries Limited, a leading agrochemical company, has reported a significant turnaround in its Q1 financial performance. The company posted a consolidated net profit of ₹130.00 crore, compared to a loss of ₹208.00 crore in the same period last year. Revenue grew by 38.46% to ₹450.00 crore, up from ₹325.00 crore. EBITDA showed a remarkable improvement, recording a gain of ₹38.10 crore compared to a loss of ₹3.70 crore previously, with an EBITDA margin of 8.47%. The board approved these unaudited results for the quarter ended June 30 at a meeting held on July 28.