NACL Industries announces $249.28 million rights issue for debt reduction

NACL Industries Limited today announced a rights issue of up to 32,501,851 fully paid-up equity shares at a price of $76.70 per share, including a premium of $75.70, aggregating to $249,289,200. The issue ratio is five rights equity shares for every 31 existing equity shares held as of the record date, Friday, December 12, 2025.

The net proceeds of the issue, estimated at $247,709,200, will primarily be utilized for the repayment or prepayment of outstanding borrowings of the company and its wholly-owned subsidiary, NACL Spec-Chem Limited, totaling $187,000,000. The remaining $60,709,200 is earmarked for general corporate purposes.

The issue opening date is Monday, December 22, 2025, with the closing date set for Tuesday, December 30, 2025. The company's promoter, Coromandel International Limited, has confirmed its intention to subscribe fully to its rights entitlements and any unsubscribed portion up to the total issue size.