Coromandel International has approved an investment of up to ₹250 Crores in the rights issue of its subsidiary, NACL Industries. Additionally, the company plans to establish a wholly-owned subsidiary in the Philippines with an investment value of up to USD 200,000. These decisions were made during a board meeting held on December 1, 2025, also noting changes in senior management personnel.
Investment in NACL Industries
Coromandel International will invest up to ₹250 Crores in the rights issue of NACL Industries, a listed subsidiary. The investment will cover the full extent of Coromandel’s rights entitlement and potentially include additional equity shares. This decision aims to support NACL Industries in its fund-raising efforts.
Expansion into the Philippines
The company plans to establish a wholly-owned subsidiary in the Philippines. The investment value will be up to USD 200,000. This move signifies Coromandel International’s strategic expansion into new markets.
Management Changes
There were noted changes in senior management personnel. Mr. Prameet Kamat was designated as Senior Management Personnel effective December 1, 2025 and will serve as the Executive Vice President & Business Head for Crop Protection Business. Also, Mr. Sharad Gururaj Kalghatgi was designated as Senior Management Personnel, holding the position of Vice President – Environment Health and Safety, effective December 1, 2025.
Source: BSE