NACL Industries logo

NACL Industries CEO, MD, chairman, board of directors and AGM

NSE: NACLINDBSE: 524709Fertilizers & AgrochemicalsSmall Cap

Formerly Nagarjuna Agrichem
Last close ₹116.38down ₹3.68 (3.07%)BSE ₹116.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹120.06.

52-week range of traded prices to 23 Oct 2026
₹112.62Low, 9 Mar 2026₹245.00High, 13 Jul 2026
Market cap
₹2,726 Cr896th largest listed
P/E
220.4
P/E without one-offs
91.4
P/B
4.0
Dividend yield
Nonein the last 12 months
ROE
2.2%
ROE without one-offs
5.4%
ROCE
7.4%
Debt to equity
0.44
Volume, NSE
3,43,29742.5% delivered

NACL Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonARUN ALAGAPPANRelated to the promoter
  • Managing director and CEORAGHURAM DEVARAKONDA
  • Company Secretary and Compliance OfficerRajesh Mukhija

7 directors4 independent1 executive2 non-executive

  • ARUN ALAGAPPAN · ChairpersonNon-executive · joined Oct 2025 · 3 listed boards · 1 as independent · 1 committee seat
  • RAGHURAM DEVARAKONDA · Managing director and CEOExecutive · joined Aug 2025 · 1 listed board · 2 committee seats
  • SANKARASUBRAMANIANNon-executive · joined Aug 2025 · 2 listed boards · 3 committee seats
  • SUBRAMANIAN SURESHIndependent · joined Aug 2025 · 10 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 4 as chair
  • BALAKRISHNA RAGHAVENDRA RAOIndependent · joined Aug 2025 · 10 months as independent · 2 listed boards · 1 as independent · 6 committee seats, 4 as chair
  • LAKSHMI KANTAM MANNEPALLIIndependent · joined Jan 2024 · 29 months as independent · 3 listed boards · 3 as independent · 4 committee seats, 1 as chair
  • SANJIV LALIndependent · joined Aug 2025 · 10 months as independent · 2 listed boards · 2 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

13 directors who left
  • NATARAJAN SRINIVASAN, left 14 Oct 2025: Others
  • Garimella Veera Bhadram, left 8 Aug 2025: Others
  • Raj Kaul, left 8 Aug 2025: Others
  • Santanu Mukherjee, left 8 Aug 2025: Others
  • Lakshmi Raju, left 8 Aug 2025: Others
  • Sudhakar Kudva, left 8 Aug 2025: Others
  • Atul Churiwal, left 8 Aug 2025: Others
  • Rajesh Kumar Agarwal, left 8 Aug 2025: Others
  • Ramkrishna Mudholkar, left 8 Aug 2025: Others
  • Sambasiva Rao Nannapaneni, left 8 Aug 2025: Others
  • Veni Mocherla, left 8 Aug 2025: Others
  • CHANTATI VARADA RAJULU, left 12 Mar 2025: Others
  • PAVAN KUMAR MUNJULURI, left 12 Mar 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 4 May 20267 of 7 present4 independent · 39 days in between
    • 25 Mar 20267 of 7 present4 independent · 54 days in between
    • 29 Jan 20267 of 7 present4 independent
  • Audit Committee

    Chair SUBRAMANIAN SURESH

    BALAKRISHNA RAGHAVENDRA RAO, RAGHURAM DEVARAKONDA

    • 4 May 20263 of 3 present2 independent · 39 days in between
    • 25 Mar 20263 of 3 present2 independent · 55 days in between
    • 28 Jan 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair SUBRAMANIAN SURESH

    ARUN ALAGAPPAN, BALAKRISHNA RAGHAVENDRA RAO

    • 4 May 20263 of 3 present2 independent · 39 days in between
    • 25 Mar 20263 of 3 present2 independent
  • Stakeholders Relationship Committee

    Chair BALAKRISHNA RAGHAVENDRA RAO

    RAGHURAM DEVARAKONDA, SANKARASUBRAMANIAN

    • 4 May 20263 of 3 present1 independent
    • 25 Mar 20263 of 3 present1 independent
  • Risk Management Committee

    Chair SANJIV LAL

    LAKSHMI KANTAM MANNEPALLI, RAGHURAM DEVARAKONDA

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair ARUN ALAGAPPAN

    RAGHURAM DEVARAKONDA, SANJIV LAL

    • 4 May 20263 of 3 present2 independent
  • Banking Committee

    Chair ARUN ALAGAPPAN

    RAGHURAM DEVARAKONDA, SANKARASUBRAMANIAN

    No meeting listed in the filing.

  • Securities Issue Committee

    Chair SUBRAMANIAN SURESH

    RAGHURAM DEVARAKONDA, SANKARASUBRAMANIAN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2025.

  • B S R & CoPeer-review certificate valid to Apr 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

NACL Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.NACL Industries dividend history

Annual general meeting, 22 Jul 2026

52,034 shareholders on the register on 17 Jul 2026; present: 1 promoter and 79 others; votes counted by R. SRIDHARAN / R. Sridharan & Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, the Report of the Auditors thereon and the Report of the Board of Directors.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.20% · promoters 99.99% · institutions 31.56% · other public 0.21%

  2. To consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.20% · promoters 99.99% · institutions 31.56% · other public 0.21%

  3. To re-appoint Mr. Sankarasubramanian S (DIN: 01592772), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.20% · promoters 99.99% · institutions 31.56% · other public 0.21%

  4. To ratify the remuneration of the Cost Auditors for the financial year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 54.20% · promoters 99.99% · institutions 31.56% · other public 0.21%

  5. To approve revision in remuneration payable to Dr. Raghuram Devarakonda (DIN: 09749805), Managing Director and Chief Executive Officer of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.40% · other public 1.44%

    Turnout: all 54.18% · promoters 99.99% · institutions 31.56% · other public 0.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Nov 2025, 3 resolutions

47,640 shareholders on the register on 27 Oct 2025; votes counted by R. Sridharan / R. Sridharan & Associates, Company Secretaries.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Arun Alagappan (DIN: 00291361) as Director of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 78.93% · promoters 99.98% · institutions 33.60% · other public 55.73%

  2. To approve the payment of Commission to Non-Executive Directors for a period of five years from FY 2025-2026 to FY 2029-2030
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 78.93% · promoters 99.98% · institutions 33.60% · other public 55.73%

  3. Material Related Party Transaction(s) with the Holding Company M/s. Coromandel International Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 25.85% · promoters 0.00% · institutions 33.60% · other public 55.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 19 Sep 2025, 5 resolutions

44,879 shareholders on the register on 12 Sep 2025; present: 0 promoters and 81 others; votes counted by R Sridharan / R Sridharan & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.02% · promoters 100.00% · institutions 0.00% · other public 8.42%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.02% · promoters 100.00% · institutions 0.00% · other public 8.42%

  3. To appoint Statutory Auditors of the Company to hold office for a period of four consecutive years from the conclusion of this Annual General Meeting until the conclusion of the 42nd Annual General Meeting and to fix their remunerationMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.02% · promoters 100.00% · institutions 0.00% · other public 8.42%

  4. To ratify the remuneration of the Cost Auditor for the financial year ending March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.02% · promoters 100.00% · institutions 0.00% · other public 8.42%

  5. To appoint M/s. Sridharan & Sridharan Associates, Company Secretaries, as Secretarial Auditors for a term of Five (5) consecutive years from the conclusion of this Annual General Meeting until the conclusion of the 43rd Annual General Meeting and to fix their remunerationMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 57.02% · promoters 100.00% · institutions 0.00% · other public 8.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Sep 2025, 9 resolutions

43,381 shareholders on the register on 15 Aug 2025; votes counted by R Sridharan / R Sridharan & Associates.The company's voting result (opens in a new tab)

  1. To approve the appointment of Mr. Natarajan Srinivasan (DIN: 00123338) as a Director of the Company as Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  2. To approve the appointment of Mr. S Sankarasubramanian (DIN: 01592772) as a Director of the Company as Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  3. To approve the appointment of Dr. Raghuram Devarakonda (DIN: 09749805) as a Director of the Company as Ordinary Resolution
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  4. To approve the appointment of Dr. Raghuram Devarakonda (DIN- 09749805) as Managing Director & Chief Executive Officer of the Company and the remuneration payable to him as Special Resolution
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  5. To approve the appointment of Mr. Suresh Subramanian (DIN: 02070440) as Non-executive Independent Director of the Company as Special Resolution
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  6. To approve the appointment of Mr. B Raghvendra Rao (DIN: 08508501) as Non-executive Independent Director of the Company as Special Resolution
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  7. To approve the appointment of Mr. Sanjiv Lal (DIN: 08376952) as Non-executive Independent Director of the Company as Special Resolution
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  8. To approve the appointment of M/s. S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Reg. No. 101049W/E300004) as Statutory Auditors of the Company and to fix their Remuneration as Ordinary ResolutionMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

  9. Amendments to Articles of Association of the Company as Special Resolution.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 72.76% · promoters 100.00% · institutions 0.00% · other public 41.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 8 Jun 2025, 2 resolutions

34,859 shareholders on the register on 2 May 2025; votes counted by S. Srikanth / B S S & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Garimella Veera Bhadram (DIN- 00114611) as a Director of the Company by way of Ordinary Resolution
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 57.72% · promoters 89.53% · institutions 0.00% · other public 3.38%

  2. 2 Appointment of Mr. Garimella Veera Bhadram (DIN- 00114611) as a Whole-Time Director of the Company by way of a Special Resolution.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.45%

    Turnout: all 57.72% · promoters 89.53% · institutions 0.00% · other public 3.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 13 Feb 2025, 2 resolutions

32,399 shareholders on the register on 10 Jan 2025; votes counted by B S S & Associates / S Srikanth.The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Sambasiva Rao Nannapaneni (DIN-06400663) as a Non-Executive and Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 57.30% · promoters 89.53% · institutions 0.00% · other public 0.86%

  2. Re-appointment of Ms. Veni Mocherla (DIN-08082163) as a Non-Executive and Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.33%

    Turnout: all 57.30% · promoters 89.53% · institutions 0.00% · other public 0.86%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 9 Jan 2025, 2 resolutions

32,718 shareholders on the register on 27 Dec 2024; present: 1 promoter and 49 others; votes counted by Srikanth Sompalli / M/s B S S and Associates.The company's voting result (opens in a new tab)

  1. ISSUANCE OF WARRANTS CONVERTIBLE INTO EQUITY SHARES TO A PROMOTER ON A PREFERENTIAL BASIS
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 57.65% · promoters 89.53% · institutions 0.00% · other public 1.83%

  2. ISSUANCE OF EQUITY SHARES TO A PERSON BELONGING TO THE NON-PROMOTER CATEGORY ON A PREFERENTIAL BASIS
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.49%

    Turnout: all 57.65% · promoters 89.53% · institutions 0.00% · other public 1.83%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 3 Nov 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr.Ramkrishna Mudholkar (DIN- 00012850) as a Non-Executive and IndependentnDirector of the Company
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.20%

    Turnout: all 57.44% · promoters 89.53% · institutions 0.00% · other public 1.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 30 Nov 2025, 1 fund house

  • To approve the appointment of Mr. Arun Alagappan (DIN: 00291361) as Director of the Company.
    1 for0 against
  • To approve the payment of Commission to Non-Executive Directors for a period of five years from FY 2025-2026 to FY 2029-2030
    1 for0 against
  • Material Related Party Transaction(s) with the Holding Company M/s. Coromandel International Limited
    1 for0 against

Mutual fund votes, meeting of 19 Sep 2025, 1 fund house

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of Directors and Auditors thereon
    1 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of Directors and Auditors thereon
    1 for0 against
  • To appoint Statutory Auditors of the Company to hold office for a period of four consecutive years from the conclusion of this Annual General Meeting until the conclusion of the 42nd Annual General Meeting and to fix their remunerationMoreLess
    1 for0 against
  • To ratify the remuneration of the Cost Auditor for the financial year ending March 31, 2026
    1 for0 against
  • To appoint M/s. Sridharan & Sridharan Associates, Company Secretaries, as Secretarial Auditors for a term of Five (5) consecutive years from the conclusion of this Annual General Meeting until the conclusion of the 43rd Annual General Meeting and to fix their remunerationMoreLess
    1 for0 against
1 earlier meeting

Mutual fund votes, meeting of 17 Sep 2025, 1 fund house

  • To approve the appointment of Mr. Natarajan Srinivasan (DIN: 00123338) as a Director of the Company as Ordinary Resolution
    1 for0 against
  • To approve the appointment of Mr. S Sankarasubramanian (DIN: 01592772) as a Director of the Company as Ordinary Resolution
    1 for0 against
  • To approve the appointment of Dr. Raghuram Devarakonda (DIN: 09749805) as a Director of the Company as Ordinary Resolution
    1 for0 against
  • To approve the appointment of Dr. Raghuram Devarakonda (DIN- 09749805) as Managing Director & Chief Executive Officer of the Company and the remuneration payable to him as Special Resolution
    1 for0 against
  • To approve the appointment of Mr. Suresh Subramanian (DIN: 02070440) as Non-executive Independent Director of the Company as Special Resolution
    1 for0 against
  • To approve the appointment of Mr. B Raghvendra Rao (DIN: 08508501) as Non-executive Independent Director of the Company as Special Resolution
    1 for0 against
  • To approve the appointment of Mr. Sanjiv Lal (DIN: 08376952) as Non-executive Independent Director of the Company as Special Resolution
    1 for0 against
  • To approve the appointment of M/s. S. R. Batliboi & Associates LLP, Chartered Accountants (Firm Reg. No. 101049W/E300004) as Statutory Auditors of the Company and to fix their Remuneration as Ordinary ResolutionMoreLess
    1 for0 against
  • Amendments to Articles of Association of the Company as Special Resolution.
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyDepartment of Consumer AffairsSince 19 May 2026₹50,000

    Compounding Order

    Non updation of responsible person as Occupier under Legal Metrology Act

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Rights IssuesDec 2025, checked by CRISIL Ratings Limited249.29––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.