NACL Industries seeks shareholder nod for director, related-party deal

NACL Industries Limited has issued a notice for a postal ballot to seek shareholder approval for several key resolutions. The ballot includes the appointment of Arun Alagappan as a director, the approval of commission payments to non-executive directors, and a material related-party transaction with Coromandel International Limited.

The e-voting window for the postal ballot will open on Saturday, November 1, 2025, at 9:00 AM IST and close on Sunday, November 30, 2025, at 5:00 PM IST. The company is using CDSL for its remote e-voting facility.

The material related-party transaction with Coromandel International Limited, a holding company of NACL, involves an aggregate value not exceeding ₹785 crores for various services and transactions over one year from the approval date. This value represents approximately 63.58% of NACL's consolidated turnover for the immediately preceding financial year. All related parties are restricted from voting on this resolution.