NACL Industries Limited — Others, 08-08-2025: Change in Director(s)

NACL Industries has announced a major ownership shift as Coromandel International has completed its acquisition of 10.69 crore shares, representing 53.13% of the company, becoming the new promoter. This move triggers significant board restructuring, with Dr. Raghuram Devarakonda appointed as the new Managing Director & CEO, and five other new directors also joining. Concurrently, ten directors, including the former Chairperson and Whole Time Director, have resigned, largely due to the change in ownership. The company's former promoters have been reclassified as public shareholders. Additionally, S. R. Batliboi & Associates LLP replaces B S R & Co. as the statutory auditor.