NACL Industries Limited

Meeting Details

The 39th Annual General Meeting of NACL Industries Limited was convened on Wednesday, July 22, 2026, at 03:30 p.m. IST through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with General Circulars issued by the Ministry of Corporate Affairs: Circular Nos. 14/2020 dated April 8, 2020; 17/2020 dated April 13, 2020; and 03/2025 dated September 22, 2025, along with applicable provisions of the Companies Act, 2013.

Attendees

Chairman and Presiding Officer: Mr. Arun Alagappan, Chairman of the Board

Directors Present:

  • Dr. Raghuram Devarakonda, Managing Director & Chief Executive Officer (seated alongside Chairman)
  • Mr. Sankarasubramanian S, Non-Executive Director (joined from Chennai)
  • Mr. Suresh Subramanian, Independent Director & Chairman of Audit Committee and Nomination & Remuneration Committee (joined from Chennai)
  • Mr. B. Raghavendra Rao, Independent Director & Chairman of Stakeholders Relationship Committee (joined from Chennai)
  • Dr. M. Lakshmi Kantam, Independent Director (joined from Chennai)
  • Mr. Sanjiv Lal, Independent Director & Chairman of Risk Management Committee (joined from Chennai)

Key Managerial Personnel Present:

  • Mr. N. Shankar, Chief Financial Officer
  • Mr. Rajesh Mukhija, Company Secretary

Auditors Present:

  • Mr. Shankar Srinivasan, Statutory Auditor representing M/s. S.R. Batliboi & Associates LLP
  • Mr. R. Sridharan, Secretarial Auditor representing M/s. Sridharan & Associates
  • Mr. Narasimha Murthy, Cost Auditor representing M/s. Narasimha Murthy & Co

Documents Available for Inspection

The following documents were available for inspection by Members on the Company's website:

  • Register of Directors and Key Managerial Personnel and their shareholding
  • Register of Contracts or Arrangements in which the Directors are interested
  • Other documents mentioned in the Notice convening the meeting
  • Certificate issued by the Secretarial Auditor confirming ESOP implementation compliance with SEBI Regulations

Meeting Proceedings

The Chairman called the meeting to order after ascertaining requisite quorum. The Notice dated May 04, 2026, convening the AGM was taken as read with consent of Members.

The Statutory Auditors' Report on financial statements for FY ended March 31, 2026, contained no qualifications, observations, comments, or other remarks having adverse effect on the Company's functioning, and therefore was not required to be read at the Meeting.

The qualifications contained in the Secretarial Auditors' Report were read at the Meeting, and it was noted that the Board had provided appropriate explanations in respect of such qualifications in the Board's Report.

Chairman's Address

The Chairman expressed deep sense of responsibility about the Company's future and thanked shareholders for their confidence and patience. He briefed on the industry in which the Company operates, elucidating its phases, transitions, and volatility.

The Chairman highlighted several difficult yet necessary decisions taken by the Company during the year, describing the Company's efforts through the words "Stabilize" and "Build" and explaining their significance in the Company's strategic direction.

The Chairman provided an overview on:

  • Operational and Commercial Recovery
  • Innovation as the Engine of the Future
  • Governance
  • Decision on Dividend
  • Road Ahead for the Company

Resolutions Transacted

Ordinary Resolutions:

1. Adoption of Audited Standalone Financial Statements for financial year ended March 31, 2026, and Reports of Directors and Auditors thereon

2. Adoption of Audited Consolidated Financial Statements for financial year ended March 31, 2026, and Reports of Directors and Auditors thereon

3. Re-appointment of Mr. Sankarasubramanian S (DIN: 01592772), Non-Executive Director, who retires by rotation

4. Ratification of payment of remuneration to Cost Auditors for financial year 2026-27

Special Resolution:

5. Revision in remuneration payable to Dr. Raghuram Devarakonda (DIN: 09749805), Managing Director & Chief Executive Officer

Voting Process

The Company provided remote e-voting facility for all five items of business, which commenced at 9:00 A.M. IST on Sunday, July 19, 2026, and concluded at 5:00 P.M. IST on Tuesday, July 21, 2026.

Mr. R. Sridharan of R. Sridharan & Associates, Company Secretaries, was appointed as Scrutinizer for conducting the remote e-Voting and e-Voting process at the AGM.

The consolidated results of voting (remote e-voting and e-voting at AGM) will be submitted to Stock Exchanges and simultaneously uploaded on the Company's website and National Securities Depository Limited's website within two working days from conclusion of the Meeting.

Shareholder Interaction

The Chairman invited registered Speakers to express views, ask questions, or seek clarifications. Registered Speakers raised queries and comments relating to accounts and operations during FY 2025-26, which were responded to by Company management.

Electronic voting facility was also made available at the Meeting to Members who attended and had not exercised their votes through remote e-voting.

Meeting Conclusion

The Meeting concluded at 05:30 P.M. IST with a vote of thanks to the Chair.