Coromandel International’s board has approved the Q2 results for the period ending September 30, 2025, along with inter-corporate loan of ₹160 Crores to its subsidiary NACL Industries Limited. The board also approved the re-appointment of Mr. Arun Alagappan as Executive Chairman for 5 years. A letter of comfort will be issued to lenders for loans to NACL Industries and its subsidiaries.
Financial Results for Q2 2025
The Board of Directors at Coromandel International has approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The results were reviewed by the audit committee and approved on October 30, 2025. Key highlights include:
- Approval of unaudited financial results.
- Postal ballot notice to shareholders.
Inter-Corporate Loan to NACL Industries
The board has approved granting an inter-corporate loan of ₹160 Crores to NACL Industries Limited, a subsidiary of Coromandel International. This loan aims to support the operational requirements of NACL Industries. The agreement is subject to shareholder approval.
Re-appointment of Executive Chairman
Mr. Arun Alagappan has been re-appointed as a Whole-time Director, designated as Executive Chairman, for a term of 5 years, effective from February 15, 2026, to February 14, 2031. This re-appointment is subject to shareholder approval.
Letter of Comfort
A letter of comfort will be issued in favor of lenders/banks/financial institutions for loans to NACL Industries Limited and its subsidiaries, for up to ₹550 Crores, to help NACL in securing enhanced credit ratings.
Source: BSE
