Corporate Governance Report as on 31-03-2025

Corporate Governance Report as on 31.03.2025

General Information about Company
ParticularsDetails
Scrip code524709
NSE SymbolNACLIND
MSEI SymbolNOTLISTED
ISININE295D01020
Name of the entityNACL INDUSTRIES LIMITED
Financial Year01-04-2024 to 31-03-2025
Reporting Quarter TypeYearly (as on 31-03-2025)
Type of companyEquity
Annexure I (Part A) – Compliance Report on CGApplicable – Yes
Annexure I (Part B) – Investor GrievanceApplicable – Yes
Annexure I (Part C) – Acquisition of Shares in Unlisted CosNot Applicable
Annexure I (Part D) – Imposition of Fine/PenaltyApplicable – Yes
Annexure I (Part E) – Tax Litigations/DisputesNot Applicable
Annexure I (Part F) – Loans/Guarantees etc.Not Applicable
Risk Management CommitteeApplicable (Top 2000 entity)
Market Capitalisation CategoryTop 2000 listed entities
SCORE ID AvailableYes (N00003)
Type of SubmissionOriginal
I. Composition of Board of Directors
Regular Chairperson: Yes | Chairperson not related to MD/CEO
SrNameDINCategoryRole / RemarksDate of Birth
1Mrs. LAKSHMI RAJU00545776Non-Executive – Non Independent DirectorChairperson06-11-1974
2Mr. SUDHAKAR KUDVA02410695Non-Executive – Independent DirectorMember - Audit, NRC, Risk06-12-1950
3Mr. ATUL CHURIWAL00180595Non-Executive – Nominee Director-23-12-1963
4Mr. RAJESH KUMAR AGARWAL00210719Non-Executive – Nominee Director-28-09-1969
5Mr. PAVAN KUMAR MUNJULURI01514557Executive DirectorCEO & MD (ceased 12-03-2025)01-09-1959
6Mr. RAMKRISHNA MUDHOLKAR00012850Non-Executive – Independent Director-10-04-1959
7Mr. SAMBASIVA RAO NANNAPANENI06400663Non-Executive – Independent DirectorMember - Audit Committee01-07-1955
8Ms. VENI MOCHERLA08082163Non-Executive – Independent DirectorMember - CSR Committee22-12-1975
9Mr. CHANTATI VARADA RAJULU09219298Non-Executive – Non Independent DirectorResigned 12-03-202522-01-1958
10Mr. RAJ KAUL00394139Non-Executive – Non Independent Director-30-10-1942
11Mr. SANTANU MUKHERJEE07716452Non-Executive – Independent DirectorChairperson - Audit & NRC29-12-1956
12Mrs. LAKSHMI KANTAM MANNEPALLI07831607Non-Executive – Independent Director-04-03-1955
13Mr. GARIMELLA VEERA BHADRAM00114611Executive DirectorAppointed 12-03-202517-06-1958
Disqualification Status (Sec 164): All directors (1 to 13) are NOT disqualified and hold Active status as per Companies Act, 2013.
I. Committee Composition (As per LODR)
Audit Committee (Regular Chairperson: Yes)
DINNameCategoryRoleAppointment Date
07716452SANTANU MUKHERJEEIndependent DirectorChairperson27-11-2023
02410695SUDHAKAR KUDVAIndependent DirectorMember07-02-2012
06400663SAMBASIVA RAO NANNAPANENIIndependent DirectorMember26-03-2020
Nomination and Remuneration Committee
DINNameCategoryRoleAppointment Date
07716452SANTANU MUKHERJEEIndependent DirectorChairperson27-07-2023
02410695SUDHAKAR KUDVAIndependent DirectorMember21-03-2020
00545776LAKSHMI RAJUNon-Executive DirectorMember27-05-2017
Stakeholders Relationship Committee
DINNameCategoryRoleRemarks
02410695SUDHAKAR KUDVAIndependent DirectorChairperson-
00545776LAKSHMI RAJUNon-Executive DirectorMember-
01514557PAVAN KUMAR MUNJULURIExecutive DirectorMember (ceased 12-03-2025)Resignation
00114611GARIMELLA VEER ABHADRAMExecutive DirectorMember (appointed 12-03-2025)-
Risk Management Committee
DINNameCategoryRoleRemarks
02410695SUDHAKAR KUDVAIndependent DirectorChairperson-
01514557PAVAN KUMAR MUNJULURIExecutive DirectorMember (ceased 12-03-2025)-
99999999HARISH CHANDRA BIJLWANSVP – Operations & TechnologyMemberEmployee, DIN not applicable
00114611GARIMELLA VEER ABHADRAMExecutive DirectorMember (appointed 12-03-2025)-
Corporate Social Responsibility (CSR) Committee
DINNameRoleStatus
02410695SUDHAKAR KUDVAChairpersonActive
00545776LAKSHMI RAJUMemberActive
01514557PAVAN KUMAR MUNJULURIMember (ceased 12-03-2025)Resignation
08082163VENI MOCHERLAMemberActive
09219298CHANTATI VARADA RAJULUMember (ceased 12-03-2025)Resignation
00114611GARIMELLA VEER ABHADRAMMemberAppointed 12-03-2025
Note: Risk Management Committee includes senior executive (Employee) – DIN not provided. All committees compliant with SEBI LODR Regulations.
III. Meetings of Board of Directors & Committees
Board Meetings (During FY 2024-25)
SrMeeting Date(s)Max Gap (days)QuorumTotal DirectorsPresentIndependent Present
103-10-2024-Yes12106
224-10-202420Yes12105
312-12-202448Yes12126
413-01-202531Yes12116
512-02-202529Yes12104
Key Committee Meetings (Audit, NRC, Stakeholders)
CommitteeMeeting DatesGap (days)QuorumDirectors PresentIndependent Present
Audit Committee24-10-2024, 16-11-2024, 12-12-2024, 12-02-202522,25,61Yes3/33
Nomination & Remuneration03-10-2024, 12-12-2024, 13-01-2025, 07-03-2025, 12-03-202569,31,52,4Yes3/32
Stakeholders Relationship07-03-2025-Yes33
All meetings conducted with proper quorum as per LODR Regulations, 2015. Maximum gap between meetings maintained within prescribed limits except one observation rectified.
IV. Affirmations (LODR Compliance)
SrSubjectCompliance Status
1Board composition as per SEBI LODRYes
2aAudit Committee compositionYes
3bNomination & Remuneration CommitteeYes
4cStakeholders Relationship CommitteeYes
5dRisk Management Committee (Top 1000)Yes
6Committee members aware of powers & rolesYes
7Board & Committee meetings conducted per LODRYes
8Report placed before Board of DirectorsYes
Investor Grievance & Cyber Security
ParticularsCount
Pending complaints at beginning of Quarter0
Complaints received during Quarter0
Complaints disposed off during Quarter0
Unresolved at Quarter end0
Cyber Security Incidents (Reg 27(2)(ba)): No incidents or breaches reported during the quarter.
Disclosure of Imposition of Fine / Penalty (Part D)
SrAuthorityNature of Action / OrderDateViolation DetailsImpact (INR)
1Superintendent Patna City Range, BiharGST demand (incl. interest & penalty)12-02-2025Sec 74 of GST Act, 2017 – wrong availment for F.Y 2017-18₹1,55,705/-
2Excise and Taxation Officer, Hisar, HaryanaGST demand (incl. interest & penalty)18-02-2025Section 73 of GST Act, 2017₹24,834/-
3Govt of Maharashtra Legal MetrologyPenalty for labeling non-compliance31-01-2025Max Retail sale price not printed on product label₹50,000/-
The Company is appealing against the GST demands where applicable; no material impact on operations. Penalties are within regulatory compliance process.
Annexure II – Website Disclosures (Reg 46)
ItemComplianceWeb Reference
Details of businessYeshttps://naclind.com/our-businesses/
Memorandum & Articles of AssociationYeshttps://naclind.com/investor-relations/disclosure-under-regulation-46/
Board Profile & CommitteesYeshttps://naclind.com/board-of-directors/
Code of Conduct, Vigil Mechanism, RPT PolicyYeshttps://naclind.com/investor-relations/
Financial Results & Shareholding PatternYeshttps://naclind.com/investor-relations/financial-results/
Secretarial Compliance ReportYesAnnual secretarial compliance report 2023-24
Dividend Distribution PolicyYesPolicy available on website
Material Subsidiary Policy & othersYesDisclosures under Reg 46(2)
All disclosures under Regulation 46(2) are maintained and updated on the Company’s website in a separate section.
Signatory & Certification
Name: Satish Kumar Subudhi
Designation: Company Secretary and Compliance Officer
Place: Hyderabad
Date: 30-04-2025
This Corporate Governance Report is prepared in compliance with SEBI Circular dated December 31, 2024, and Regulation 27(2) of SEBI (LODR) Regulations, 2015. The information is based on official records, disclosures submitted to stock exchanges, and board meetings held during the financial year 2024-25.
SCORE ID: N00003 | Market Cap Category: Top 2000 Listed Entities | Reporting Type: Original (Yearly)

NACL Industries limited is a renowned player in the Agrochemical space. Started in 1993 as Chemagro International Limited. NACL has started off with the manufacturing of Agrochemical Active Ingredients. Today, NACL has emerged as a trust worthy brand in Farming Community.

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Registered Office

  • Coromandel House, 1-2-10,
    Sardar Patel Road,
    Secunderabad, Hyderabad,
    Telangana – 500003
    CIN:L24219TG1986PLC016607

Corporate Office

  • 17th Floor,
    Pranava One Hyderabad,
    Commercial Block,
    Plot No. 6-3-654/1 to 9 and
    6-3-654/A, Somajiguda,
    Hyderabad,
    Telangana – 500082,
    India

Contact

  • +91-40-24405100
    +91-40-23358062
  • info@nacl.murugappa.com

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