NACL Industries Limited — Others, 08-08-2025: Resignation

NACL Industries has seen a major change in control as Coromandel International Limited (CIL) acquired 10.69 crore equity shares, representing a 53.13% majority stake, becoming the new promoter. This shift brings a significant board restructuring: Dr. Raghuram Devarakonda is appointed as the new Managing Director & CEO, alongside five other additional directors. Consequently, ten previous directors have resigned, and the company's former promoters are now reclassified as public shareholders. Additionally, S. R. Batliboi & Associates LLP replaces B S R & Co. as the new statutory auditors. These key appointments and changes await shareholder approval via postal ballot.