NACL Industries Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026, along with a series of major corporate developments including leadership changes, subsidiary closure plans, and the date for its upcoming Annual General Meeting (AGM).

The Hyderabad-based agrochemical company informed stock exchanges that its Board of Directors met on May 04, 2026, and approved several important decisions under the provisions of SEBI Listing Regulations.

The company, which operates in the crop protection chemicals and agro-solutions sector, has continued to focus on improving operational efficiency and strengthening its corporate governance structure while dealing with financial pressures during FY26.

NACL Industries FY26 financial performance

NACL Industries reported audited standalone and consolidated financial results for the fourth quarter and full financial year ended March 31, 2026.

On a standalone basis, the company reported revenue from operations of around ₹1,553 crore during FY26 compared to approximately ₹1,058 crore in FY25. This reflects a strong improvement in topline performance during the year.

However, despite revenue growth, the company continued to report losses due to operational pressures, finance costs, and exceptional items.

The company posted a standalone net loss after tax of around ₹24.58 crore for FY26 compared to a loss of approximately ₹69.64 crore in FY25.

For the quarter ended March 31, 2026, NACL Industries reported standalone revenue from operations of approximately ₹355 crore, while the quarterly loss narrowed significantly compared to the previous year.

On the consolidated basis, the company recorded revenue from operations of around ₹1,590 crore during FY26 compared to approximately ₹1,080 crore in FY25.

The consolidated net loss after tax stood at approximately ₹23.57 crore for FY26, which was lower compared to the loss recorded in FY25.

The results indicate that the company witnessed a recovery in business volumes and revenue generation, though profitability remained under pressure.

Auditor issues clean opinion on financial statements

The audited financial results were reviewed by S R Batliboi & Associates LLP, the statutory auditors of the company.

The auditors issued an unmodified opinion on both standalone and consolidated financial statements for FY26. According to the audit report, the financial statements provide a true and fair view of the company’s financial position in accordance with Indian accounting standards and SEBI regulations.

The auditors also stated that the financial results comply with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

This clean audit opinion is considered an important development for listed companies because it assures investors regarding the reliability of financial disclosures.

Annual General Meeting scheduled for July 22

NACL Industries also announced that its 39th Annual General Meeting (AGM) will be held on Wednesday, July 22, 2026.

The AGM will provide shareholders an opportunity to review the company’s performance, approve statutory resolutions, and discuss future business plans.

Further details regarding AGM notice, e-voting process, dividend-related matters, and shareholder participation are expected to be communicated separately.

Major management reshuffle at NACL Industries

One of the most significant developments announced by the company was the change in key managerial and senior management personnel.

The Board took note of the resignation of Mr. Satish Kumar Subudhi, who served as Sr. Vice President – Legal & Company Secretary and was also designated as the company’s Compliance Officer.

His resignation became effective from the close of business hours on May 04, 2026.

In his resignation letter, Mr. Subudhi stated that his decision was driven by a combination of personal considerations and his intention to pursue interests beyond his current professional role.

He also thanked the Board of Directors and company leadership for the trust and support extended during his tenure.

Rajesh Mukhija appointed as Company Secretary

Following the resignation of Mr. Subudhi, the company approved the appointment of Mr. Rajesh Mukhija as the new Company Secretary and Compliance Officer with effect from May 05, 2026.

The appointment was made based on the recommendation of the Nomination and Remuneration Committee.

Mr. Rajesh Mukhija brings extensive legal and corporate governance experience to the role.

According to the company disclosure, he previously served as the Company Secretary and Compliance Officer of Coromandel International Limited. Even after retirement from that role, he continued to work with the organisation as a legal advisor.

His professional background includes senior leadership roles at several major companies including:

• Coromandel International Limited
• Ford India
• JCB India Limited
• Asahi India Glass Limited

He has expertise in:

• Corporate governance
• Legal affairs
• Regulatory compliance
• Risk management
• Corporate secretarial functions

Mr. Mukhija is also a Fellow Member of the Institute of Company Secretaries of India (ICSI). He holds degrees in Commerce and Law from the University of Delhi along with an MBA from IP University, Delhi.

The appointment is expected to strengthen the company’s legal and compliance framework.

CHRO resigns from NACL Industries

The company also announced the resignation of Mr. Sriniwas C. R., who served as the Chief Human Resources Officer (CHRO) and Senior Managerial Personnel of the company.

In his resignation letter addressed to Managing Director and CEO Dr. Raghuram Devarakonda, he stated that the resignation was due to personal reasons.

Mr. Sriniwas mentioned that the decision was made after careful consideration and thanked the management for the opportunities and leadership support received during his tenure.

He also assured support for a smooth transition process and handover of responsibilities.

N. R. Vishwanathan appointed Head HR & Admin

After the resignation of Mr. Sriniwas, the company appointed Mr. N. R. Vishwanathan as Head – Human Resources & Admin and recognised him as Senior Managerial Personnel.

Mr. Vishwanathan has more than 25 years of experience in HR leadership across manufacturing, agri-inputs, and diversified business sectors.

He joined Coromandel International Limited in March 2011 and held several important HR positions within the Murugappa Group.

His previous roles include:

• Head HR for Diversified Business Group entities
• Head HR for Retail Business at Coromandel
• HR leadership roles at TTK-LIG
• AVP Employee Management at Odyssey India Ltd.
• Positions at Future Group, TNT India, Thirumalai Chemicals, and STOCKO Electronics

The company believes his extensive HR and organisational experience will help support future business expansion and workforce management.

Closure of foreign subsidiaries approved

Another important announcement made by NACL Industries relates to the proposed closure of two wholly owned foreign subsidiaries.

The Board approved in-principle closure of:

1. Nagarjuna Agrichem (Australia) Pty Limited
2. NACL Industries (Nigeria) Limited

The company clarified that detailed disclosures regarding the closure process will be made at the appropriate stage as required under SEBI regulations.

The decision may be part of the company’s broader strategy to streamline international operations and focus on core business markets.

Rights issue fund utilisation reviewed

The Board also approved the Statement of Deviation(s) and Variation(s) and the Monitoring Agency Report related to the utilisation of funds raised through the company’s Rights Issue conducted in December 2025.

Under SEBI regulations, listed companies are required to disclose how funds raised through public issues or rights issues are being utilised.

This step improves transparency for shareholders and investors.

Strong balance sheet improvement during FY26

Despite losses during the year, the company’s balance sheet position showed notable improvement.

Standalone total equity increased significantly to around ₹735 crore as of March 31, 2026, compared to approximately ₹461 crore in the previous year.

This improvement was largely supported by:

• Rights issue proceeds
• Equity infusion
• Capital restructuring efforts

The company’s cash flow statement also reflected major financing activities during FY26.

NACL Industries raised substantial funds through:

• Rights issue
• Preferential allotment
• Employee stock option exercises

These fundraising initiatives helped improve liquidity and working capital management.

Agrochemical industry environment remains challenging

The agrochemical sector in India continued to face mixed market conditions during FY26.

Several companies in the sector dealt with challenges such as:

• Inventory corrections
• Weak global demand
• Pricing pressure
• High input costs
• Export volatility

At the same time, domestic demand for crop protection products remained relatively stable due to agricultural activity and government support toward farming productivity.

NACL Industries operates in segments including:

• Technical manufacturing
• Crop protection formulations
• Active ingredients
• Contract manufacturing
• Agro solutions

The company serves both domestic and export markets.

Operational focus going ahead

Going forward, investors and market participants are expected to closely monitor:

• Profitability recovery
• Debt reduction
• Export demand improvement
• Working capital management
• Product portfolio expansion
• International business restructuring

The closure of non-core overseas subsidiaries may help reduce administrative and operational costs over time.

The management changes also indicate efforts toward strengthening leadership and improving governance practices.

Market significance of the announcements

The combination of audited results, management appointments, subsidiary closure plans, and governance updates makes this a significant corporate announcement for NACL Industries shareholders.

Key positive takeaways include:

• Revenue growth during FY26
• Improved balance sheet position
• Successful fundraising activities
• Clean audit opinion
• Strengthened management structure

However, continued losses and sector-wide margin pressures remain areas of concern for investors.

The company’s future performance will likely depend on its ability to improve profitability, enhance operational efficiency, and capitalise on opportunities in the domestic and global agrochemical markets.

About NACL Industries Limited

NACL Industries Limited is an Indian agrochemical company engaged in the manufacturing and marketing of crop protection products and active ingredients.

The company operates across multiple areas including:

• Insecticides
• Herbicides
• Fungicides
• Plant growth regulators
• Technical grade chemicals

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