Corporate Governance Report as on 30.09.2025
General Information about Company
| Particulars | Details |
|---|---|
| Scrip code | 524709 |
| NSE Symbol | NACLIND |
| MSEI Symbol | NOTLISTED |
| ISIN | INE295D01020 |
| Name of the entity | NACL Industries Limited |
| Financial Year | 01-04-2025 to 31-03-2026 |
| Reporting Quarter Type | Half Yearly |
| Date of Quarter Ending | 30-09-2025 |
| Type of company | Equity |
| Annexure I (Part A) – Compliance Report on CG | Yes |
| Annexure I (Part B) – Investor Grievance | Yes |
| Annexure I (Part C) – Acquisition of Shares in Unlisted Cos | No (Not Applicable) |
| Annexure I (Part D) – Imposition of Fine/Penalty | No (Not Applicable) |
| Annexure I (Part E) – Tax Litigations/Disputes | Yes |
| Annexure I (Part F) – Loans/Guarantees etc. | No (Not Applicable) |
| Risk Management Committee | Applicable (Top 2000 entity) |
| Market Capitalisation Category | Top 2000 listed entities |
| SCORE ID Available | Yes (n00003) |
| Type of Submission | Original |
I. Composition of Board of Directors
Regular Chairperson: Yes | Chairperson not related to MD/CEO
| Sr | Name of Director | DIN | Category | Role / Remarks | Date of Birth |
|---|---|---|---|---|---|
| 1 | Lakshmi Raju | 00545776 | Non-Executive – Non Independent Director | - | 06-11-1974 |
| 2 | Sudhakar Kudva | 02410695 | Non-Executive – Independent Director | Member - Audit, NRC | 06-12-1950 |
| 3 | Atul Churiwal | 00180595 | Non-Executive – Nominee Director | - | 23-12-1963 |
| 4 | Rajesh Kumar Agarwal | 00210719 | Non-Executive – Nominee Director | - | 28-09-1969 |
| 5 | Ramkrishna Mudholkar | 00012850 | Non-Executive – Independent Director | - | 10-04-1959 |
| 6 | Sambasiva Rao Nannapaneni | 06400663 | Non-Executive – Independent Director | Member - Audit Committee | 01-07-1955 |
| 7 | Veni Mocherla | 08082163 | Non-Executive – Independent Director | Member - CSR Committee | 22-12-1975 |
| 8 | Raj Kaul | 00394139 | Non-Executive – Non Independent Director | - | 30-10-1942 |
| 9 | Santanu Mukherjee | 07716452 | Non-Executive – Independent Director | Chairperson - Audit & NRC | 29-12-1956 |
| 10 | Lakshmi Kantam Mannepalli | 07831607 | Non-Executive – Independent Director | Member - Risk Committee | 04-03-1955 |
| 11 | Garimella Veera Bhadram | 00114611 | Executive Director | - | 17-06-1958 |
| 12 | Natarajan Srinivasan | 00123338 | Non-Executive – Non Independent Director | Chairperson related to Promoter | 06-10-1957 |
| 13 | Raghuram Devarakonda | 09749805 | Executive Director | CEO & MD | 17-03-1968 |
| 14 | Sankarasubramanian S | 01592772 | Non-Executive – Non Independent Director | - | 16-05-1969 |
| 15 | Suresh Subramanian | 02070440 | Non-Executive – Independent Director | Chairperson - Audit, NRC | 20-07-1960 |
| 16 | B Raghavendra Rao | 08508501 | Non-Executive – Independent Director | Member - Stakeholders Committee | 29-06-1963 |
| 17 | Sanjiv Lal | 08376952 | Non-Executive – Independent Director | Chairperson - Risk Management | 06-03-1961 |
Disqualification Status (Sec 164): All directors (1 to 17) are NOT disqualified and hold Active status as per Companies Act, 2013.
Audit Committee Details
Regular Chairperson: Yes
| Sr | DIN Number | Name of Committee members | Category | Role | Date of Appointment | Date of Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 07716452 | Santanu Mukherjee | Independent Director | Chairperson | 27-11-2023 | 08-08-2025 | Resigned |
| 2 | 02410695 | Sudhakar Kudva | Independent Director | Member | 07-02-2012 | 08-08-2025 | Resigned |
| 3 | 06400663 | Sambasiva Rao Nannepaneni | Independent Director | Member | 26-03-2020 | 08-08-2025 | Resigned |
| 4 | 02070440 | Suresh Subramanian | Independent Director | Chairperson | 08-08-2025 | - | - |
| 5 | 08508501 | B Raghavendra Rao | Independent Director | Member | 08-08-2025 | - | - |
| 6 | 09749805 | Raghuram Devarakonda | Executive Director | Member | 08-08-2025 | - | - |
Nomination and Remuneration Committee
| Sr | DIN Number | Name | Category | Role | Appointment Date | Cessation Date | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 07716452 | Santanu Mukherjee | Independent | Chairperson | 27-11-2023 | 08-08-2025 | Resigned |
| 2 | 02410695 | Sudhakar Kudva | Independent | Member | 21-03-2020 | 08-08-2025 | Resigned |
| 3 | 00545776 | Lakshmi Raju | Non-Independent | Member | 27-05-2017 | 08-08-2025 | Resigned |
| 4 | 02070440 | Suresh Subramanian | Independent | Chairperson | 08-08-2025 | - | - |
| 5 | 00123338 | Natarajan Srinivasan | Non-Independent | Member | 08-08-2025 | - | - |
| 6 | 08508501 | B Raghavendra Rao | Independent | Member | 08-08-2025 | - | - |
Stakeholders Relationship Committee
| Sr | DIN Number | Name | Category | Role | Appointment Date | Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 02410695 | Sudhakar Kudva | Independent | Chairperson | 14-08-2024 | 08-08-2025 | Resigned |
| 2 | 00545776 | Lakshmi Raju | Non-Independent | Member | 27-05-2017 | 08-08-2025 | Resigned |
| 3 | 00114611 | Garimella Veera Bhadram | Executive | Member | 12-03-2025 | 08-08-2025 | Resigned |
| 4 | 08508501 | B Raghavendra Rao | Independent | Chairperson | 08-08-2025 | - | - |
| 5 | 09749805 | Raghuram Devarakonda | Executive | Member | 08-08-2025 | - | - |
| 6 | 01592772 | Sankarasubramanian S | Non-Independent | Member | 08-08-2025 | - | - |
Risk Management Committee
| Sr | DIN Number | Name | Category | Role | Appointment Date | Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 02410695 | Sudhakar Kudva | Independent | Chairperson | 22-10-2014 | 08-08-2025 | Resigned |
| 2 | 99999999 | Anish T Mathew | CFO | Member | 01-07-2025 | 08-08-2025 | Resigned |
| 3 | 00114611 | Garimella Veera Bhadram | Executive | Member | 12-03-2025 | 08-08-2025 | Resigned |
| 4 | 08376952 | Sanjiv Lal | Independent | Chairperson | 08-08-2025 | - | - |
| 5 | 07831607 | Lakshmi Kantam Mannepalli | Independent | Member | 08-08-2025 | - | - |
| 6 | 09749805 | Raghuram Devarakonda | Executive | Member | 08-08-2025 | - | - |
Corporate Social Responsibility Committee
| Sr | DIN Number | Name | Category | Role | Appointment Date | Cessation | Remarks |
|---|---|---|---|---|---|---|---|
| 1 | 02410695 | Sudhakar Kudva | Independent | Chairperson | 13-11-2014 | 08-08-2025 | Resigned |
| 2 | 00545776 | Lakshmi Raju | Non-Independent | Member | 27-05-2017 | 08-08-2025 | Resigned |
| 3 | 08082163 | Veni Mocherla | Independent | Member | 26-03-2020 | 08-08-2025 | Resigned |
| 4 | 00114611 | Garimella Veera Bhadram | Executive | Member | 12-03-2025 | 08-08-2025 | Resigned |
| 5 | 00123338 | Natarajan Srinivasan | Non-Independent | Chairperson | 08-08-2025 | - | - |
| 6 | 09749805 | Raghuram Devarakonda | Executive | Member | 08-08-2025 | - | - |
| 7 | 08376952 | Sanjiv Lal | Independent | Member | 08-08-2025 | - | - |
III. Meetings of Board of Directors & Committees
Board Meetings
| Sr. No. | Meeting Date(s) | Max Gap (days) | Quorum Met | Total Directors | Directors Present | Independent Present |
|---|---|---|---|---|---|---|
| 1 | 28-05-2025 | - | Yes | 11 | 10 | 6 |
| 2 | 28-07-2025 | 60 | Yes | 11 | 10 | 6 |
| 3 | 07-08-2025 | 9 | Yes | 11 | 11 | 6 |
| 4 | 08-08-2025 | 0 | Yes | 11 | 11 | 6 |
Committee Meetings
| Sr | Committee | Meeting Date(s) | Max Gap (days) | Quorum | Directors Present | Independent Present |
|---|---|---|---|---|---|---|
| 1 | Audit Committee | 27-05-2025 | - | Yes | 3 | 3 |
| 2 | Audit Committee | 27-07-2025 | 60 | Yes | 3 | 3 |
| 3 | Audit Committee | 07-08-2025 | 10 | Yes | 3 | 3 |
| 4 | Audit Committee | 08-08-2025 | 0 | Yes | 3 | 3 |
| 5 | Nomination & Remuneration | 11-07-2025 | - | Yes | 3 | 2 |
| 6 | Nomination & Remuneration | 08-08-2025 | 27 | Yes | 3 | 2 |
| 7 | Risk Management | 16-04-2025 | - | Yes | 2 | 2 |
| 8 | Risk Management | 26-05-2025 | 39 | Yes | 2 | 2 |
| 9 | CSR Committee | 26-05-2025 | - | Yes | 4 | 2 |
| 10 | Independent Directors Meeting | 21-07-2025, 29-07-2025 | - | Yes | 6 | 6 |
V. Affirmations (LODR Compliance)
| Sr | Subject | Compliance Status |
|---|---|---|
| 1 | Board composition as per SEBI LODR | Yes |
| 2a | Audit Committee composition | Yes |
| 3b | Nomination & Remuneration Committee | Yes |
| 4c | Stakeholders Relationship Committee | Yes |
| 5d | Risk Management Committee (Top 1000) | Yes |
| 6 | Committee members aware of powers & roles | Yes |
| 7 | Board & Committee meetings conducted per LODR | Yes |
| 8 | Report placed before Board of Directors | Yes |
Investor Grievance Details & Cyber Security
| Particulars | Count |
|---|---|
| Pending complaints at beginning of Quarter | 0 |
| Complaints received during Quarter | 0 |
| Complaints disposed off during Quarter | 0 |
| Unresolved at Quarter end | 0 |
| Cyber Security Incidents (Reg 27(2)(ba)): No incidents or breaches reported during the quarter. | |
Disclosure of Updates to Ongoing Tax Litigations or Disputes (Part E)
| Sr. No. | Name of the opposing party | Date of initiation | Current Status | |
|---|---|---|---|---|
| 1 | Addl. Commissioner (Appeals), Visakhapatnam | 01-08-2007 | 4% SAD against DEPB and Target Plus License (Period: Jul-06 to Mar-07) | |
| 2 | Pending with CESTAT, Bangalore | 25-03-2011 | CESTAT dismissed appeal. Appeal pending in Hon'ble High Court of A.P. | |
| 3-8 | Pending with The Commissioner(Appeals), Guntur, Central Tax & Customs, Visakhapatnam Sub Office (6 matters)他们 | Dec 2020 to Dec 2020他们 | Appeals filed and pending with Commissioner (Appeals), Guntur他们 | |
| 9 | Addl. Commissioner of Central Tax (Appeals), Vijayawada | 27-06-2023 | Appeal rejected. Company will file appeal in Tribunal once constituted | |
| 10 | Additional Commissioner of GST & Central Excise (Appeals), Trichy, Tamilnadu | 20-09-2023 | Appeal filed against the order in original | |
| 11 | Commissioner (Appeals), GST Bhavan, Ambawadi, Ahmedabad | 29-03-2024 | Appeal filed against the order in original | |
| 12,14,17 | Various authorities (GST Amnesty Scheme cases) | Various | Tax demand paid under protest; application filed under GST amnesty scheme 2024 for waiver of interest and penalty | |
| 22-25 | Income Tax matters - CIT Appeals | Various | Appeals pending / rectification petitions filed | |
| 26-36 | Sales Tax / Entry Tax matters (Truck seizures, F-Forms, Entry Tax on oil imports) | Various | Appeals pending before Appellate Authorities / High Court | |
The Company has provided details of ongoing tax litigations as per SEBI circular. The Company believes these matters will not have a material impact on financial operations. Provisions made wherever required.
Signatory Details
Name of signatory: Satish Kumar Subudhi
Designation: Company Secretary and Compliance Officer
Place: Hyderabad
Date: 27-10-2025
SCORE ID: n00003 | Market Cap Category: Top 2000 Listed Entities | Reporting Type: Half Yearly (Original)