NACL Industries to hold AGM amid revenue decline, net loss

NACL Industries Limited will convene its 38th Annual General Meeting (AGM) on Friday, September 19, 2025, at 10:00 a.m. (IST) via video conferencing. Shareholders will consider and adopt the audited standalone and consolidated financial statements for FY 2024-25. The cut-off date for e-voting is September 12, 2025, with voting open from September 16 to September 18, 2025.

The annual report highlights a challenging FY 2024-25, with consolidated revenue declining by 30% to ₹124,256 lakhs, resulting in a net loss after tax of ₹9,213 lakhs, primarily due to erratic monsoons, global headwinds, and intense pricing pressure.

A significant development is the acquisition of a majority stake (53.13%) in NACL Industries by Coromandel International Limited, making NACL Industries part of the Murugappa Group. The company is actively pursuing growth through R&D, with 33 new registrations in India and 17 in international markets in FY 2024-25, alongside capacity enhancements and global collaborations.

Key management changes include the appointment of Anish T. Mathew as chief financial officer and G. Veera Bhadram as whole-time director in March 2025. The company also announced the re-appointment of statutory auditors M/s. S.R. Batliboi & Associates LLP and cost auditors M/s. K. Narasimha Murthy & Co., for a four-year term.