Coromandel International shareholders back chairman, approve loan to NACL

Coromandel International Limited announced that its shareholders have approved two key resolutions via postal ballot, which concluded on December 5, 2025. The re-appointment of Arun Alagappan as whole-time director and executive chairman was passed as an ordinary resolution with 97.61% of total valid votes cast in favour.

The second resolution, a special resolution for providing loans under Section 185 of the Companies Act, 2013, was also approved with a substantial majority. This resolution allows Coromandel International to provide loans up to an aggregate amount not exceeding INR 160,00,00,000 to NACL Industries Limited. The approval saw 99.99% of total valid votes cast in favour.

These approvals underline strong shareholder confidence in the company's leadership and strategic financial decisions.