FilingReader Intelligence

Coromandel International acquires majority stake in NACL Industries

August 8, 2025 at 09:40 AM UTCBy FilingReader AI

Coromandel International Limited has acquired 53.13% of NACL Industries' equity shares, becoming its new promoter.

The takeover triggered a complete board overhaul, with eight directors including the promoter and chairperson resigning. Dr. Raghuram Devarakonda has been appointed as managing director and chief executive.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:NACLINDBombay Stock Exchange

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