Nagarjuna Fertilizers and Chemicals Ltd

Resignation of CS & CO

• Resignation of Company Secretary and Compliance Officer: Sreekanth Chanda.
• Effective date: relieved from duties with effect 11 September 2026.
• Final working day: 05 September 2026.
• Reason: personal reasons.

Financial highlights

• Q1 FY27 unaudited: total income ₹60.02 lakh; expenses ₹616.47 lakh; net loss ₹556.44 lakh.
• EPS (basic/diluted) at ₹-0.09 for the quarter.
• Paid-up capital stands at ₹5,980.65 lakh.
• Other Income ₹60.02 lakh; total income matches.
• Consolidation results mirror standalone for Q1 end June 2026.

Meeting Details

Key Agenda Items

Other Notes

Delay in unaudited results

• Unaudited Q1 FY27 results delayed; best effort to submit by August 30, 2026.
• Subsidy and energy-claim processing delays; SAP access lost since May 5, 2026.
• Company facing severe financial constraints with salary and vendor payment defaults.
• Lost access to SAP systems from May 5, 2026, delaying finalization.

Nagarjuna Fertilizers and Chemicals Ltd trading window closes from July 01, 2026 till 48 hours after the declaration of the financial results for the quarter ended June 30, 2026

Appointment of Additional Non-Executive Director

• Change: Appointed Mr. R. Ramamohana Rao as Additional Non-Executive Director, effective June 30, 2026.
• Reason: Appointment to the board.
• Effective date and term: 30 June 2026; term not specified.
• Brief profile: 50+ years in industrial relations; ex-Union Carbide India Ltd.
• Disclosure: Relationship with other directors: None.
• Affirmation: not debarred from director role per SEBI order.
• Board/committee impact: No stated changes.

Financial results approved

• Standalone and Consolidated Audited Financial Results for year ended 31 March 2026 approved.
• Auditor's Report not modified; results hosted on nfcl.in.

Going concern and financial position

• Company prepared financials on a not going concern basis; discontinued operations since 30 June 2024.
• Current liabilities exceed current assets by Rs 87,621.08 lakhs before energy claims.

Contingent liabilities and disputes

• Contingent liabilities/claims around Rs 1,278.26 crores; major items include water cess and arbitration awards.

Ongoing settlements and key disputes

• Debt settlement and asset sales under ACRE left no revenue-generating operations.
• GAIL-related dues dispute subject to escrow arrangement and government OM terms.
• Trademark license royalty claim of Rs 836.67 crores; rights under AMPL settlement.