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Coromandel International Ltd is one of India's leading agri solutions provider. It offers a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, bio pesticide, specialty nutrients, organic fertilizers, etc.
Coromandel International converted a Rs. 108.07 Cr loan, including accrued interest, in its wholly-owned subsidiary, Coromandel Chemicals, into 2.70 crore equity shares at Rs. 39.95 each. This move strengthens the subsidiary's balance sheet.
Coromandel's subsidiary, Dhaksha Unmanned Systems, inaugurated a new drone manufacturing facility in Kancheepuram, boosting indigenous capabilities for agriculture, defense, and enterprise. Two new agricultural drone models, DH Agrigator E10 Prime and E10 Eco, were launched, enhancing product offerings for various farming needs.
Coromandel's FY26 report highlights 100% sustainable raw material sourcing, R&D for eco-friendly products, and zero fines. However, the company experienced increased air emissions and water discharge. It actively advocates for sustainable agriculture policies.
Coromandel's board approved financial results, posting consolidated net profit of ₹114.64 Cr for the quarter and ₹1,898.14 Cr for the year. A final dividend of ₹2 per share was also approved. Further, the company will provide a corporate guarantee up to USD 15.5 million for banking facilities to its Senegal...
Coromandel International secured NSE and BSE approvals for the re-classification of Algavista Greentech Private Limited from its Promoter Group. This move modifies the company's promoter ownership structure.