The Exchange has received the updates on revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for KLR Products Ltd
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KLR Products Limited, part of the promoter/promoter group of NACL Industries, has sold 10,68,96,146 equity shares (53.12% of share capital, 53.07% on a diluted basis) via an off-market transfer on August 8, 2025. Before the sale, KLR Products held 11,36,23,500 shares (56.47%), which has now dropped to just 67,27,354 shares (3.35%). The filing notes that Coromandel International Limited has completed the acquisition of a controlling stake in NACL Industries. This is a revised version of an earlier disclosure submitted on August 8, 11, and 12, with corrections to seller name, promoter group classification, and share/voting percentage footnotes.
This represents a change of control at NACL Industries, with Coromandel International now holding the controlling stake acquired from the existing promoter group entity KLR Products. Retail shareholders should expect a new strategic direction under Coromandel's ownership, and the stock may see re-rating or volatility as the market digests the new controlling shareholder and any open offer or further corporate actions that may follow.