Nagarjuna Fertilizers and Chemicals Ltd

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.

Arbitration Award Enforcement

• International Arbitration Award passed against company in September 2016.
• Award relates to contracts for purchase of fertilizers from M/s. Trammo DMCo.
• Hon'ble High Court of Bombay ordered enforcement on March 5, 2026.
• Company directed to deposit USD 16,427,310.80 and GBP 606,628.29 plus interest.
• Company contests award enforcement and filed criminal complaint against supplier.
• Company filed Special Leave Petition and curative petition before Supreme Court of India.

SEBI Penalty Order

• Penalty of Rs. 1,00,000 imposed by SEBI Adjudicating Officer
• Penalty under Section 15A(b) of SEBI Act, 1992 for non-compliance
• Violation related to Regulation 30(3), 30(4)(i)(c), and disclosure of litigation
• Order received on March 24, 2026
• Company ceased operations since June 2024 with no operational revenue
• Penalty impacted company finances due to discontinued business