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

The company's Board has announced a significant corporate restructuring following Coromandel International Limited's acquisition of a 53.13% stake and control, making it the new promoter. Concurrently, ten directors, including the former Chairperson and Whole Time Director, have resigned, and six new directors have been appointed, including a new Managing Director & CEO. The former promoters will now be reclassified as public shareholders. Additionally, the previous statutory auditors have resigned due to independence concerns, and a new firm, S. R. Batliboi & Associates LLP, has been appointed. These changes reflect a major leadership and ownership transition.