Postal ballot on up to ₹550 crore credit support from parent
NACLIND · price
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NACL seeks shareholder approval for credit support arrangements with parent Coromandel International, capped at ₹550 crore from December 1, 2026, for up to three years. This renews approval expiring November 30. The cap is about 35% of FY2025-26 turnover. Coromandel owns 53.69% and will charge no fee. Remote voting runs October 23 to November 21, 2026.
Approval could improve credit access and liquidity at no fee, but no direct earnings gain or cash inflow is stated.