National Fertilizers Limited received clearance from the Comptroller & Auditor General of India (C&AG) regarding its financial statements for the fiscal year ended March 31, 2026. The C&AG stated it has no further comments to offer on the standalone and consolidated accounts following revisions made by the statutory auditors.

Audit Resolution Details

The Comptroller & Auditor General conducted a supplementary audit of the company's financials under Section 143(6)(a) of the Companies Act, 2013. This process involved independent inquiries with statutory auditors and company personnel, alongside a selective examination of accounting records. The C&AG noted that the statutory auditors had issued a revised report dated July 31, 2026, which superseded their earlier report from May 27, 2026.

These revisions were made to give effect to observations raised during the supplementary audit. Consequently, the C&AG confirmed there are no additional supplements or comments required under Section 143(6)(b) for the standalone statements.

Consolidated Financial Statements

For the consolidated financial statements, the supplementary audit covered National Fertilizers Limited, Ramagundam Fertilizers and Chemicals Limited (RFCL), and Assam Valley Fertilizer and Chemical Company Limited (AVFCL). The C&AG did not conduct a supplementary audit of Urvarak Videsh Limited (UVL) for the year ended March 31, 2026.

Similar to the standalone accounts, the revised statutory auditor’s report addressed the relevant audit observations. As a result, the C&AG offered no further comments on the consolidated financial statements under Section 143(6)(b) read with Section 129(4) of the Act.

Regulatory Context

This communication serves as an addendum to the company’s 52nd Annual Report. The document was signed by Tanya Singh, Principal Director of Audit Central Expenditure (Agriculture, Food & Water Resources), and dated August 27, 2026. The addendum is available on the company’s official website.

National Fertilizers has appointed T.K. Batra as Executive Director effective September 1, 2026. The appointment coincides with the cessation of J. Ramesh from the same role following his superannuation on August 31, 2026.

The changes in senior management were disclosed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ashok Jha, Company Secretary and Compliance Officer, signed the disclosure filed with the National Stock Exchange of India Ltd and BSE Limited.

Leadership Transition

J. Ramesh ceased to be Executive Director (Finance & Accounts) w.e.f. September 1, 2026, after attaining the age of superannuation on August 31, 2026. His departure marks the end of his tenure in the finance leadership role at the Navratna undertaking.

T.K. Batra, who was serving as Chief General Manager and Head of the Bathinda Unit since February 29, 2024, has been promoted to Executive Director. He will assume the designation of Executive Director (Bathinda Unit Head).

Profile of T.K. Batra

Tarun Kumar Batra brings over 38 years of experience in the fertilizer industry to the senior management team. A chemical engineer by training, he holds a B.E. from NIT Durgapur and an MBA in Finance.

He joined National Fertilizers Limited in 1988 as a Management Trainee. Throughout his career, he has held positions of increasing responsibility across the company’s Nangal, Vijaypur, and Bathinda units. His expertise spans ammonia-urea plant operations, commissioning, plant stabilization, maintenance, projects, energy optimization, and overall unit management.

Batra also served on deputation with Ramagundam Fertilizers & Chemicals Limited, where he was associated with the stabilization of a newly commissioned fertilizer complex. He has been involved in several major plant revamp, energy-efficiency, and operational improvement initiatives during his tenure at National Fertilizers.