Coromandel International Ltd: Acquisition of Additional Equity Stake in Baobab Mining and Chemicals Corporation, Senegal

Coromandel International Ltd announced the outcome of its Board Meeting held on July 24, 2025. The company approved the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025. The Auditors Review Report by M/s. S.R. Batliboi & Associates LLP provided an unmodified opinion on the unaudited Standalone and Consolidated Financial Results. The company also announced the acquisition of 17.69% of the issued share capital of Baobab Mining and Chemicals Corporation (BMCC) from an existing shareholder of BMCC by its wholly owned subsidiary Coromandel Chemicals Limited. This will increase CCL's stake in BMCC from 53.82% to 71.51%. The necessary agreements for this transaction are yet to be executed. The company also approved capital expenditure plans for setting up a bagging plant at Kakinada as part of granulation capacity expansion and noted the change in Senior Management personnel.