NACL Industries announces leadership changes, fundraise, and office relocation

NACL Industries Limited has announced a series of significant developments, including a decision by its board of directors to raise up to INR 250 crores through a rights issue of equity shares. This fundraise, subject to regulatory approvals, aims to support the company's growth initiatives. The board has also constituted a securities issue committee to oversee matters related to this rights issue.

In a leadership transition, Anish Mathew has resigned as chief financial officer (CFO) effective December 1, 2025. Concurrently, N. Shankar has been appointed as the new CFO and key managerial personnel, bringing over 35 years of diverse experience across the Murugappa Group. Additionally, the company's registered office will be relocated from Nagarjuna Hills to Coromandel House in Secunderabad, and the conversion period for compulsorily convertible debentures issued by a subsidiary has been extended by two years.

The board also noted and addressed fines of INR 10,000 each from BSE Limited and National Stock Exchange of India Limited for a delay in providing prior intimation for a board meeting. This delay was attributed to an unintentional miscalculation of "working days" during the Diwali holiday period. The company has remitted the fines and requested a waiver from the stock exchanges.