Chambal Fertilisers and Chemicals Limited has commenced production of Weak Nitric Acid at its Gadepan plant, marking a key milestone in its technical ammonium nitrate project. This development follows the company's execution of a project to manufacture Technical Ammonium Nitrate, including a facility for Weak Nitric Acid, at its existing site in Gadepan, District Kota, Rajasthan.

The production of Weak Nitric Acid serves as the foundational step for the facility. Following this initial phase, the company stated that production of Ammonium Nitrate Solution and prilled High Density Ammonium Nitrate will commence in due course.

Production Milestones at Gadepan Plant

The Gadepan facility is undergoing a sequential commissioning process. The successful production of Weak Nitric Acid paves the way for the downstream products.

The project execution was previously communicated to the exchanges via letters dated April 5, 2023, January 22, 2025, January 16, 2026, and April 29, 2026. The latest disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The promoter group of chambal fertilisers & chemicals acquired 30,000 shares of the company through an open market transaction on May 22, 2026. This development highlights continued buying interest from the company's promoter group directly on the market.

Transaction Details

The key details of the open market acquisition are summarized below:

Significance of Promoter Buying

Open market share purchases by promoter groups are closely monitored by investors and market participants. Such transactions involve promoters acquiring shares directly from the secondary market, and are required to be disclosed in accordance with applicable regulatory norms. Promoter group buying activity is generally viewed as a notable development in the context of insider shareholding patterns and overall corporate governance disclosures.