Coromandel International Limited — Important, 12-02-2025: Agreements

Coromandel International Limited, along with its wholly owned subsidiary Coromandel Chemicals Limited, has executed an Indenture for the assignment of leasehold rights at Thane. The agreement involves a consideration of ₹156.90 crore for Coromandel International and ₹253.10 crore for Coromandel Chemicals. This strategic move could enhance operational capabilities and expand the company’s presence in the region. No related party transactions are involved, ensuring transparency in the agreement. Monitor this development closely, as it may have implications for the company's growth trajectory and future investments.