NACL Industries Limited — Others, 18-08-2025: Shareholders meeting

NACL Industries announces a postal ballot seeking shareholder approval for major changes. The proposals include appointing new Directors, notably Dr. Raghuram Devarakonda as MD/CEO with a Rs. 12.01 lakh monthly basic salary, and three Independent Directors. M/s. S. R. Batliboi & Associates LLP are proposed as statutory auditors. Furthermore, the company's Articles of Association are being updated to remove outdated shareholder agreement clauses following Coromandel International's 53% stake acquisition. These leadership and structural shifts occur as NACL reported losses of Rs. 62.13 Cr in FY24 and Rs. 125.76 Cr in FY25.