Rashtriya Chemicals and Fertilizers Ltd

Rashtriya Chemicals and Fertilizers Limited trading window closed from October 1, 2026 till 48 hours after the publication of financial results of the Company for the quarter and half year ending September 30, 2026

MOA amendment and FPO approvals

• Shareholders approved amendment of the Main Objects Clause and adoption of the MOA.
• Raising funds via a fresh equity issue of up to ₹1,500 crore (FPO).
• FPO subject to approval by Department of Fertilizers and DIPAM.
• AGM held on 25 September 2026; approval granted by Special Resolution.
• MOA amendment enclosed as Annexure 1; subject to regulatory approvals.

agm details

• AGM held on 25 Sep 2026 via VC/OAVM from 3:00 PM to 4:50 PM.
• Record date: 18 Sep 2026.

key resolutions and outcomes

• Adopt audited financial statements (Ordinary).
• Final dividend of Rs 1.34 per share approved (Ordinary).
• Reappointment by rotation of a director (Ordinary).
• Appointment of Government Nominee Director (Ordinary).
• Appointment of Independent Director (Ordinary).
• Remuneration of Statutory Auditors for FY2026-27 approved (Ordinary).
• Ratification of Cost Auditors remuneration for FY2026-27 approved (Ordinary).
• Appointment of Chairman and Managing Director (Ordinary).
• Amend MOA to align main objects (Special).
• Raise funds via further public offer of equity shares (Special).
• Offer to subscribe to debentures (Special).

voting and outcomes

• All resolutions passed with requisite majorities; no significant dissent.

Order details

• Awarding entity: Larsen and Toubro Limited, domestic entity.
• Scope: detail engineering, manufacture, supply, construction, erection, commissioning, guarantee run for ammonia plant revamp.
• Contract value: Rs 797 crores plus taxes on the lowest tender basis.
• Time period: 36 months.
• Tender basis: lowest tender; no stated payment terms.
• Related party: Not Applicable.

Board / KMP changes

• No changes to Directors or Key Managerial Personnel.

AGM Details

• AGM held on Sep 25, 2026 at 3:00 p.m. IST via VC/OAVM; concluded 4:50 p.m.
• Remote e-voting Sep 21–24, 2026; on-site voting during AGM.

Key Resolutions

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Resolution 2 (Ordinary): Declare final dividend of Rs 1.34 per equity share; interim Rs 1.
• Resolution 3 (Ordinary): Reappoint Niranjan S. Sonak as Director (retiring by rotation).
• Resolution 4 (Ordinary): Reappoint Aparna S. Sharma as Director (retiring by rotation).
• Resolution 5 (Ordinary): Fix remuneration of Statutory Auditors for FY 2026-27.
• Resolution 6 (Ordinary): Ratify remuneration of Cost Auditors for FY ending March 31, 2027.
• Resolution 7 (Ordinary): Appoint Shivakumar Subramaniam as Chairman and Managing Director.
• Resolution 8 (Ordinary): Appoint Dr. Krishna Kant Pathak as Government Nominee Director.
• Resolution 9 (Special): Amend Main Objects Clause and MOA as per Companies Act 2013.
• Resolution 10 (Special): Approve fund-raising through Further Public Offer of Equity Shares.
• Resolution 11 (Special): Approve invitation to subscribe to secured or unsecured NCDs on private placement.
• Resolution 12 (Special): Appoint Rajnikant Bhulabhai Tandel as Independent Director.

Dividend

• Final dividend Rs 1.34 per share; interim dividend Rs 1 per share.

Director Changes

• Niranjan S. Sonak reappointed as Director (retiring by rotation).
• Aparna S. Sharma reappointed as Director (retiring by rotation).
• Shivakumar Subramaniam appointed Chairman & Managing Director.
• Dr. Krishna Kant Pathak appointed Government Nominee Director.
• Rajnikant Bhulabhai Tandel appointed Independent Director.

Auditors

• Remuneration of Statutory Auditors fixed for FY 2026-27.
• Cost Auditors' remuneration ratified for FY ending March 31, 2027.

Other Material Approvals

• Amend Main Objects Clause and MOA per Companies Act 2013.
• Fund-raising approval via Further Public Offer of equity shares.
• Private placement of Secured or Unsecured Non-Convertible Debentures.

Rating Action

• CRISIL reaffirmed Rs 21,000 crore bank facilities; Short-term rating A1+.
• Instruments/Facilities: Bank facilities totaling Rs 21,000 crore.
• Rating agency: CRISIL Ratings Limited.
• Rationale: reaffirmation amid continuous surveillance; no new information disclosed.
• Date of letter: September 12, 2026.

Rating Action

• CRISIL reaffirmed the short-term rating A1+ for Rs 21,000 crore bank facilities.

Instruments / Facilities

• Bank facilities rated: Rs 21,000 crore; Short-term rating: A1+.

Agency

• Agency: CRISIL Ratings Limited.

Rationale / Disclosures

• Rationale not disclosed in excerpt.

Surveillance

• Ratings under surveillance; Crisil may withdraw or revise ratings based on new information.

Dividend and TDS update

• Final dividend proposed: Rs 1.34 per share (13.40%) for FY ended 31 March 2026.
• Record date for dividend: Friday, 18 September 2026.
• Payment subject to shareholders' approval at the AGM.
• TDS on dividends will follow IT Act 2025-26 rates by category.
• PAN-Aadhaar linking required; without linkage, 20% TDS applies.
• Resident PAN holders: 10%; No PAN: 20%; Non-resident: 20% (DTAA may apply).
• Submit Form 121 by September 18, 2026.
• TDS certificate issued post-payment; credit visible in Form 168.
• DTAA benefits depend on documents; company may apply lower rate after review.
• Queries to MUFG Intime RTA; register email and bank details by Sep 18, 2026.