Corporate Governance Report as on 31.3.2024

Corporate Governance Report as on 31.03.2024

General Information about Company
ParticularsDetails
Scrip code524709
NSE SymbolNACLIND
MSEI SymbolNOTLISTED
ISININE295D01020
Name of the entityNACL INDUSTRIES LIMITED
Date of start of financial year01-04-2023
Date of end of financial year31-03-2024
Reporting QuarterYearly
Date of Report31-03-2024
Risk management committeeApplicable
Market Capitalisation as per immediate previous Financial YearTop 1000 listed entities
I. Composition of Board of Directors (as on 31.03.2024)
Regular Chairperson: Yes | Chairperson not related to MD/CEO
SrName of DirectorDINCategoryRole / RemarksDate of Birth
1LAKSHMI RAJU00545776Non-Executive – Non Independent DirectorChairperson06-11-1974
2N VIJAYARAGHAVAN02491073Non-Executive – Independent DirectorMember - Audit, NRC22-07-1949
3SUDHAKAR KUDVA02410695Non-Executive – Independent DirectorMember - Audit, NRC, Risk06-12-1950
4RAGHAVENDER MATETI06826653Non-Executive – Independent DirectorChairperson - NRC, Stakeholders29-08-1951
5ATUL CHURIWAL00180595Non-Executive – Nominee Director-23-12-1963
6RAJESH KUMAR AGARWAL00210719Non-Executive – Nominee Director-28-09-1969
7PAVAN KUMAR MUNJULURI01514557Executive DirectorCEO & MD01-09-1959
8RAMKRISHNA MUDHOLKAR00012850Non-Executive – Independent Director-10-04-1959
9SAMBASIVA RAO NANNAPANENI06400663Non-Executive – Independent DirectorMember - Audit Committee01-07-1955
10VENI MOCHERLA08082163Non-Executive – Independent DirectorMember - CSR Committee22-12-1975
11CHANTATI VARADA RAJULU09219298Non-Executive – Non Independent Director-22-01-1958
12RAJ A KAUL00394139Non-Executive – Non Independent Director-30-10-1942
13SANTANU MUKHERJEE07716452Non-Executive – Independent DirectorChairperson - Audit Committee29-12-1956
14LAKSHMI KANTAM MANNEPALLI07831607Non-Executive – Independent Director-04-03-1995
Disqualification Status (Sec 164): All directors (1 to 14) are NOT disqualified and hold Active status as per Companies Act, 2013.
Audit Committee Details
Regular Chairperson: Yes
SrDIN NumberNameCategoryRoleDate of Appointment
107716452SANTANU MUKHERJEEIndependent DirectorChairperson27-11-2023
202410695SUDHAKAR KUDVAIndependent DirectorMember07-02-2012
302491073N VIJAYARAGHAVANIndependent DirectorMember06-08-2018
406826653RAGHAVENDER MATETIIndependent DirectorMember26-02-2014
506400663SAMBASIVA RAO NANNAPANENIIndependent DirectorMember26-03-2020
Nomination and Remuneration Committee
Regular Chairperson: Yes
SrDIN NumberNameCategoryRoleDate of Appointment
106826653RAGHAVENDER MATETIIndependent DirectorChairperson26-02-2014
200545776LAKSHMI RAJUNon-Executive DirectorMember27-05-2017
302491073N VIJAYARAGHAVANIndependent DirectorMember21-10-2022
402410695SUDHAKAR KUDVAIndependent DirectorMember21-03-2020
507716452SANTANU MUKHERJEEIndependent DirectorMember27-11-2023
Stakeholders Relationship Committee
Regular Chairperson: Yes
SrDIN NumberNameCategoryRoleDate of Appointment
106826653RAGHAVENDER MATETIIndependent DirectorChairperson23-03-2020
202491073N VIJAYARAGHAVANIndependent DirectorMember07-08-2015
300545776LAKSHMI RAJUNon-Executive DirectorMember27-05-2017
401514557PAVAN KUMAR MUNJULURIExecutive DirectorMember01-06-2019
Risk Management Committee
Regular Chairperson: Yes | Committee comprises of Senior Executives (employees) - DIN not provided
SrDIN NumberNameCategoryRoleDate of AppointmentRemarks
102410695SUDHAKAR KUDVAIndependent DirectorChairperson22-10-2014-
202491073N VIJAYARAGHAVANIndependent DirectorMember22-10-2014-
301514557PAVAN KUMAR MUNJULURIExecutive DirectorMember01-06-2019-
499999999HARISH CHANDRA BIJLWANSVP – Operations and TechnologyMember24-04-2009Employee, DIN not provided
599999999R.K.S. PRASADChief Financial OfficerMember29-01-2009Employee, DIN not provided
Corporate Social Responsibility Committee
Regular Chairperson: Yes
SrDIN NumberNameCategoryRoleDate of Appointment
102410695SUDHAKAR KUDVAIndependent DirectorChairperson30-05-2014
202491073N VIJAYARAGHAVANIndependent DirectorMember30-05-2014
300545776LAKSHMI RAJUNon-Executive DirectorMember27-05-2014
401514557PAVAN KUMAR MUNJULURIExecutive DirectorMember01-06-2019
508082163VENI MOCHERLAIndependent DirectorMember26-03-2020
609219298CHANTATI VARADA RAJULUNon-Executive DirectorMember24-06-2022
III. Meetings of Board of Directors
SrMeeting Date(s)Max Gap (days)QuorumTotal DirectorsPresentIndependent Present
127-10-2023-Yes13127
223-01-202487Yes14137
328-03-202464Yes14138
IV. Meetings of Committees
Audit Committee Meetings
Meeting Date(s)Gap (days)QuorumDirectors PresentIndependent Present
27-10-2023-Yes44
23-01-202487Yes55
Nomination and Remuneration Committee Meetings
Meeting Date(s)Gap (days)QuorumDirectors PresentIndependent Present
19-10-2023-Yes43
11-01-202483Yes53
28-02-202447Yes54
29-02-20240Yes54
26-03-202425Yes54
Risk Management Committee Meetings
Meeting Date(s)QuorumDirectors PresentIndependent PresentOther Members
11-03-2024Yes322
V. Related Party Transactions
SrSubjectCompliance statusIf status is No details of non-compliance may be given here
1Whether prior approval of audit committee obtainedYes-
2Whether shareholder approval obtained for material RPTNA-
3Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit CommitteeYes-
VI. Affirmations (LODR Compliance)
SrSubjectCompliance Status
1Board composition as per SEBI LODRYes
2aAudit Committee compositionYes
3bNomination & Remuneration Committee compositionYes
4cStakeholders Relationship Committee compositionYes
5dRisk Management Committee (Top 1000)Yes
6Committee members aware of powers & rolesYes
7Board & Committee meetings conducted per LODRYes
8Report placed before Board of DirectorsYes
Annexure II - Website Disclosures (Reg 46)
ItemComplianceWeb Reference
Details of businessYeshttps://naclind.com/our-businesses/
Terms and conditions of appointment of independent directorsYeshttps://naclind.com/wp-content/uploads/2023/02/Terms-and-conditions-of-appointment-of-independent-directors.pdf
Composition of various committeesYeshttps://naclind.com/investor-relations/investor-information/board-committees/
Code of conductYeshttps://naclind.com/wp-content/uploads/2023/02/Code-of-Conduct-for-Director-and-Senior-Management.pdf
Vigil Mechanism / Whistle Blower policyYeshttps://naclind.com/wp-content/uploads/2022/11/NACL-Whistle_Blower_Policy.pdf
Financial Results & Shareholding PatternYeshttps://naclind.com/investor-relations/financial-results/quarterly-report/
Secretarial Compliance ReportYeshttps://naclind.com/wp-content/uploads/2023/08/Regulation-24A-Of-The-SEBI-LODR-Reg-2015-Annual-Secretarial-Compliance.pdf
Dividend Distribution PolicyYeshttps://naclind.com/wp-content/uploads/2023/02/Dividend-Distribution-Policy.pdf
Annual Affirmations (Key Regulations)
SrParticularsRegulation NumberCompliance Status
1Independent Director(s) appointment criteria16(1)(b) & 25(6)Yes
2Board composition17(1), 17(1A), 17(1C), 17(1D), 17(1E)Yes
3Meeting of Board of Directors17(2)Yes
4Risk Assessment & Management17(9)Yes
5Performance Evaluation of Independent Directors17(10)Yes
6Composition of Audit Committee18(1)Yes
7Composition of Nomination & Remuneration Committee19(1) & (2)Yes
8Composition of Stakeholder Relationship Committee20(1), 20(2) & 20(2A)Yes
9Vigil Mechanism22Yes
10Policy for related party Transaction23(1), (1A), (5), (6), & (8)Yes
Investor Grievance Details & Cyber Security
ParticularsCount
Pending complaints at beginning of Quarter0
Complaints received during Quarter0
Complaints disposed off during Quarter}<-3->0
Unresolved at Quarter end0
Cyber Security Incidents (Reg 27(2)(ba)): No incidents or breaches reported during the quarter.
Additional Half Yearly Disclosure
The Company has not granted any loans/guarantees/comfort letters to Promoter/Promoter Group/Directors/KMPs.
Signatory Details
Name of signatory: Satish Kumar Subudhi
Designation: Company Secretary and Compliance Officer
Place: Hyderabad
Date: 20-04-2024
This Corporate Governance Report is prepared in compliance with SEBI Circular dated December 31, 2024 (for applicable parts), and Regulation 27(2) of SEBI (LODR) Regulations, 2015. The information is based on official records and disclosures submitted to stock exchanges for the financial year ended March 31, 2024.
SCORE ID: n00003 | Market Cap Category: Top 1000 Listed Entities | Reporting Type: Yearly (Original)
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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