Coromandel International Limited has submitted to the Exchange a copy of Disclosure under Regulation 18(6) of SEBI (SAST) Regulations, 2011 .
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Coromandel International Limited has acquired 10,69,07,146 equity shares (53.08%) of NACL Industries Limited on August 8, 2025, during the open offer period. The bulk of the shares — 10,68,96,146 — were bought off-market from KLR Products Limited at Rs 76.70 per share, with smaller lots from Agro Life Science Corporation and Krishi Rasayan Exports. This disclosure is filed under Regulation 18(6) of the SEBI Takeover Regulations, following the public announcement made on March 12, 2025 and detailed public statement on March 19, 2025. Post-acquisition, Coromandel holds 53.08% of NACL Industries, up from nil earlier, making it the sole acquirer with no persons acting in concert.
For NACL Industries shareholders, Coromandel has now crossed the 50% threshold and is firmly in control of the company. Existing retail investors may see the stock remain range-bound near the open offer price of Rs 76.70, with limited upside from the tendered shares but potential for long-term value creation under Coromandel's ownership in the agri-inputs space.