Coromandel International Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Coromandel International Limited, the majority shareholder of NACL Industries, has acquired additional shares by subscribing to NACL's Rights Issue, including any additional shares allotted. Coromandel's stake in NACL rose marginally from 53.06% to 53.73%, an increase of 1,88,24,301 shares (about 0.67% of NACL's total share capital). The acquisition was carried out under Regulation 10(4)(a) and (b) of SEBI's Takeover Code, which exempts the acquirer from making an open offer to other shareholders. The disclosure was filed with NSE and BSE on January 4, 2026.
There is no material impact on shareholders since Coromandel already held majority control and is only marginally increasing its stake through the rights issue. No open offer obligation is triggered, so minority shareholders are unaffected. The fact that Coromandel subscribed to the rights issue signals continued promoter-level support for NACL.