Coromandel to Invest ₹250 Cr in NACL Rights Issue and Expands to Philippines
Coromandel International has approved a significant investment of up to ₹250 crores in its subsidiary, NACL Industries, by subscribing to its upcoming rights issue. The company is also expanding its international footprint by establishing a wholly-owned subsidiary in the Philippines with an initial investment of USD 200,000. On the leadership front, the company has designated two new Senior Management Personnel to lead Crop Protection and EHS functions. Additionally, subsidiary NACL Industries has appointed N. Shankar as its new CFO following the resignation of Anish Mathew.
முக்கிய அம்சங்கள்
Approved investment of up to ₹250 Crores in the rights issue of subsidiary NACL Industries Limited.
Announced the establishment of a new wholly-owned subsidiary in the Philippines with a USD 200,000 investment.
Designated Mr. Prameet Kamat (EVP & Business Head - Crop Protection) as Senior Management Personnel.
Designated Mr. Sharad Gururaj Kalghatgi (VP - Environment Health and Safety) as Senior Management Personnel.
Subsidiary NACL Industries appointed Mr. N. Shankar as CFO effective December 1, 2025.
👀 கவனிக்க வேண்டியவை
Investors should monitor the capital allocation toward NACL Industries and the progress of the new Philippines entity as part of the company's broader growth strategy. The management changes in the Crop Protection vertical suggest a renewed focus on this high-margin segment.
