The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Coromandel International Ltd
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Coromandel International Ltd, the promoter of NACL Industries, has acquired 1,88,24,301 additional equity shares of NACL Industries through subscription to the company's Rights Issue. The acquisition was completed on December 31, 2025. As a result, Coromandel's holding in NACL Industries increased from 53.06% to 53.73% of the voting capital — a rise of 0.67 percentage points in overall voting rights. NACL Industries' total voting capital expanded from 20.15 crore to 23.40 crore equity shares following the rights issue allotment. Coromandel confirmed no persons acting in concert were involved in this acquisition.
This is a routine promoter subscription to the rights issue, reinforcing Coromandel International's controlling stake (above 53%) in NACL Industries. Since the promoter maintained its majority by subscribing to its entitlement, no significant change in control is expected, and the impact on minority shareholders is neutral to slightly positive as it signals promoter confidence.