Coromandel International Limited — Others, 24-07-2025: Change in Management

The company has announced a board meeting where it approved the financial results for the quarter ended June 30, 2025. The board also approved the acquisition of an additional 17.69% equity stake in Baobab Mining and Chemicals Corporation (BMCC) by its wholly-owned subsidiary, Coromandel Chemicals Limited. This approximately 64 Cr (USD 7.70 million) investment will increase the subsidiary's holding to 71.51% in BMCC, securing long-term raw material supply for fertilizer manufacturing. Additionally, the board approved a 137 Cr capital expenditure for a new bagging plant at Kakinada, aimed at expanding granulation capacity and reducing operational costs. A change in Senior Management personnel was also noted.