NACL Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 19, 2025
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NACL Industries has notified the stock exchanges that its 38th Annual General Meeting will be held on Friday, September 19, 2025, at 10:00 AM via video conferencing. The Annual Report for FY 2024-25 was dispatched electronically to shareholders on August 28, 2025. The e-voting window runs from September 16 (9:00 AM) to September 18, 2025 (5:00 PM), with the cut-off date for e-voting eligibility set as September 12, 2025. The accompanying annual report reveals FY25 was a difficult year — revenue declined sharply to ₹1,251.89 crore from ₹1,780.84 crore in FY24, and the company swung to a loss after tax of ₹73.08 crore versus a profit of ₹50.29 crore in FY24. The report also highlights that Coromandel International (part of the Murugappa Group) acquired a 53% majority stake in NACL, and a new board, including Mr. Natarajan Srinivasan as Chairman and Dr. Raghuram Devarakonda as MD & CEO, was constituted effective August 8, 2025.
For shareholders, this is a routine AGM notice, but the FY25 results and change of control to the Murugappa Group are meaningful — the new promoter brings deep agrochemical expertise and stronger financial backing, which could support a turnaround, though near-term earnings remain weak. Investors should watch the AGM for any further strategic announcements from the new management.