NACL Industries Limited — Others, 08-08-2025: Change in Management

The company's board has announced that Coromandel International Limited (CIL) has completed its acquisition of 10,68,96,146 equity shares, representing 53.13% of the total share capital, thereby gaining control and becoming the new promoter. This significant change led to a comprehensive reconstitution of the board, with Dr. Raghuram Devarakonda appointed as Managing Director & CEO, alongside five other new directors. Concurrently, ten existing directors have resigned. B S R & Co. also resigned as statutory auditors due to independence concerns, with S. R. Batliboi & Associates LLP appointed as the new auditors. Former promoters are now reclassified as public shareholders. These key changes will be put to shareholders for their approval via postal ballot.