NACL Industries Limited announced that at its Board of Directors in its meeting held on July 27, 2023, approved the Formation of a new Wholly Owned Subsidiary (WoS) Company in the name and style M/s. NACL Foundation or any other names as may be approved by Ministry of Corporate Affairs as a non-profit company limited by shares under Section 8 of the Companies Act, 2013 to promote and support CSR activities.