NACL Industries Limited has informed the Exchange about Regulation 31A(10) for reclassification of Promoters Shareholdings
NACLIND · price
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Awaiting price reaction for this filing.
Coromandel International Limited has completed the acquisition of 10,68,96,146 equity shares (53.13% of share capital) from KLR Products Limited on August 8, 2025, taking control of NACL Industries. Coromandel is also running an open offer to buy up to 5,24,62,320 shares (26%) from public shareholders. Following this change of control, the erstwhile promoters — KLR Products Limited, Bright Town Investment Advisor Private Limited, and Mrs. Kanumuru Lakshmi Raju — have been reclassified from the 'Promoter/Promoter Group' category to the 'Public' category. They have each given undertakings confirming they hold less than 10% voting rights, have no board representation, and are not wilful defaulters or fugitive economic offenders. The reclassification is effective from August 8, 2025.
This marks a complete change of control at NACL Industries, with Coromandel International now the new promoter. Short-term share price action may be driven by the ongoing 26% open offer from Coromandel, and investors should watch the open offer timeline and final subscription levels for price direction.