NACL Industries Limited has informed the Exchange regarding a press release dated August 08, 2025, titled "Coromandel International Completes Acquisition of Coromandel International Completes Acquisition of Controlling Stake in NACL Industries Ltd.".
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Coromandel International Limited, part of the Murugappa Group, has completed the acquisition of a 53% controlling stake in NACL Industries from the existing promoter group, making NACL a subsidiary of Coromandel. An open offer for an additional 26% stake from public shareholders is currently underway and will follow SEBI timelines. Following the transaction, the NACL board has been reconstituted: Mr. Natarajan Srinivasan (Executive Vice Chairman of Coromandel) is the new Chairman, Mr. S Sankarasubramanian (MD & CEO of Coromandel) joins as Non-Executive Director, and Dr. Raghuram Devarakonda (ex-Executive Director at Coromandel) has been appointed as Managing Director & CEO. Coromandel reported FY25 revenue of Rs. 24,444 crores, providing a strong financial parent for NACL's agrochemical business.
This is a major change-of-control event for NACL shareholders — the company now has a large, well-capitalized promoter (Coromandel/Murugappa Group), which could support growth, but public shareholders should watch the ongoing 26% open offer for pricing and tendering details. Expect changes in strategy, governance, and possibly re-rating of the stock as NACL is positioned as a subsidiary of a much larger listed agri-solutions player.