NACL Industries Limited — Updates, 08-08-2025: Press Release

Coromandel International has completed the acquisition of a 53% controlling stake in NACL Industries, making NACL a subsidiary. This strategic move aligns NACL with Coromandel, a leading agri-solutions provider and part of the Murugappa Group (total turnover ₹77,881 Cr). NACL's board has been reconstituted, with Coromandel's Executive Vice Chairman, Mr. Natarajan Srinivasan, appointed as Chairman, and Dr. Raghuram Devarakonda as the new MD & CEO. This integration is expected to strengthen NACL's product portfolio and expand market presence. An open offer for an additional 26% stake from public shareholders is ongoing.