On March 29, 2025, JM Financial Limited, the manager for Coromandel International Limited’s open offer for NACL Industries Limited, issued a corrigendum to its earlier public announcement (PA), detailed public statement (DPS), and draft letter of offer (DLoF). This update pertains to the Open Offer for acquiring up to 5,24,62,320 fully paid-up equity shares of NACL Industries, representing 26.00% of its voting share capital.

The corrigendum reflects a significant update regarding the Share Subscription and Shareholders Agreement dated February 8, 2019. According to the termination letter received from the parties involved, this agreement will be terminated, and it will no longer be valid once the sale and purchase of the Promoter Sale Shares, as per the Promoter SPA, is concluded.

Apart from this amendment, all other terms, conditions, and contents of the offer remain unchanged. The relevant information has been incorporated in the Letter of Offer, which will be sent to the public shareholders of NACL Industries.

This open offer continues to be conducted in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, and all updates have been published in the newspapers where the DPS appeared, including Financial Express, Jansatta, Navshakti, and Surya.

For stakeholders, further details and updates are available on the respective company websites and on SEBI’s official portal. The offer is managed by JM Financial Limited, and further correspondence should be directed to them or the designated registrar, KFin Technologies Limited.

This corrigendum reflects the Acquirer’s and the Manager’s commitment to providing clear and updated information to the public shareholders, ensuring transparency and compliance with regulatory requirements. The move to terminate the Share Subscription and Shareholders Agreement will not affect the offer's overall structure but aligns it with the changes in the corporate agreements.

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