Coromandel International Limited, one of India’s leading agri-input companies, has announced a fresh acquisition of equity shares in NACL Industries Limited. The company disclosed this development through a filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in line with ongoing updates it has been providing to the stock exchanges.

According to the latest communication dated September 13, 2025, Coromandel International acquired 5,435 equity shares of NACL Industries at an offer price of ₹76.70 per equity share. These shares were tendered during the open offer process initiated by Coromandel in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

With this latest purchase, Coromandel International’s total holding in NACL Industries has increased to 10,69,12,581 equity shares, representing 53.08% of the voting share capital of the company. This effectively gives Coromandel majority ownership in the agrochemicals player, strengthening its control and influence over NACL’s strategic direction.

The acquisition is part of a series of transactions that Coromandel has carried out over the past several months. Earlier disclosures made on March 12, March 13, March 20, March 27, July 2, August 5, August 8, and August 12, 2025, all referred to stages of this acquisition process, highlighting the gradual increase in Coromandel’s stake in NACL Industries.

The move is in line with Coromandel’s strategy of consolidating its presence in the agrochemicals and crop protection market. With NACL’s operations spanning crop protection formulations, technical manufacturing, and exports, Coromandel’s increased stake allows it to leverage synergies in distribution, R&D, and market access.

The filing, signed by B Shanmugasundaram, Company Secretary & Compliance Officer, confirms that the acquisition has been executed as per SEBI guidelines and that the company remains committed to regulatory compliance.

Industry analysts view this stake increase as a significant development for Coromandel International, as it not only secures a majority holding in NACL Industries but also positions the company to expand its agrochemical footprint in India and international markets. The acquisition strengthens Coromandel’s portfolio beyond fertilizers into crop protection, which is expected to be a major growth driver for the company in the coming years.

The agrochemical sector in India has seen increasing consolidation over the last few years, with leading players focusing on expanding product portfolios, entering new geographies, and investing in manufacturing capacities. Coromandel’s increased stake in NACL Industries aligns with this industry trend and highlights its focus on long-term strategic growth.

As per the disclosure, the transaction does not require further shareholder approval since it has been carried out under the open offer mechanism and is compliant with all applicable takeover regulations. The impact of this acquisition on Coromandel’s consolidated financials will be more evident in upcoming quarterly results, where NACL’s performance will be integrated at a larger scale.

Going forward, industry experts will watch closely how Coromandel leverages its controlling stake in NACL to drive innovation, enhance supply chains, and improve profitability in the highly competitive agrochemical sector.

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