STOCKWATCH

NACL Industries Ltd Announces Major Share Purchase Agreement with Coromandel International Limited

NACL Industries Limited has informed the exchange that the Board of Directors of the Company, at its meeting held on March 12, 2025, approved the execution of a share purchase agreement with Coromandel International Limited, KLR Products Limited, Mrs. Lakshmi Raju, and Bright Town Investment Advisor Private Limited. The agreement pertains to the sale of 10,68,96,146 equity shares of the Company, representing 53.13% of the paid equity share capital, by the promoter seller to the purchaser. The transaction is subject to receipt of applicable governmental and statutory approvals and the satisfaction of conditions precedents under the SPA. This transaction has triggered an obligation on the Purchaser to make an open offer to the shareholders of the Company in terms of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• NACL Industries Limited has approved a share purchase agreement with Coromandel International Limited and other parties.
• The agreement involves the sale of 10,68,96,146 equity shares, representing 53.13% of the paid equity share capital, by the promoter seller to the purchaser.
• The transaction is subject to receipt of applicable governmental and statutory approvals and the satisfaction of conditions precedents under the SPA.
• The transaction has triggered an obligation on the Purchaser to make an open offer to the shareholders of the Company.
• The agreement contains terms and conditions such as conditions precedent, interim obligations, representations and warranties, indemnity by the Promoter Seller, and confidentiality obligations.