Nagarjuna fertilizers & chemicals Limited has filed its quarterly confirmation certificate under SEBI regulations with stock exchanges for the quarter ended March 31, 2026. The regulatory filing demonstrates the company's compliance with depositories and participants regulations governing dematerialization processes.

Regulatory Filing Details

The company submitted the confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 13, 2026. The filing was made simultaneously to both major Indian stock exchanges where the company's shares are listed.

Compliance Confirmation

The certificate was issued by the company's in-house share transfer agent and signed by B. Lakshmana Rao, Officer-Operation of the In-House Share Transfer Department. The confirmation covers several key compliance areas mandated by SEBI regulations.

The company confirmed that securities received from depository participants for dematerialization during Q4FY26 were properly processed and either accepted or rejected to the depositories. All securities included in the certificates are listed on both National Stock Exchange of India Limited and BSE Limited, maintaining consistency with previously issued securities.

Dematerialization Process Compliance

The filing confirms adherence to prescribed dematerialization procedures during the quarter. Key compliance aspects include proper verification and processing of securities certificates received for dematerialization.

Corporate Information

Nagarjuna Fertilizers and Chemicals Limited operates from its registered office at Plot No.44, ECO House, Nagarjuna Hills, Punjagutta, Hyderabad. The company secretary Srekanth Chanda signed the regulatory communication, confirming the submission of the quarterly compliance certificate to stock exchanges for record maintenance purposes.

Nagarjuna Fertilizers & Chemicals has disclosed a significant legal development following an adverse judgment from the Bombay High Court in arbitration award enforcement proceedings. The company communicated this material information to stock exchanges on March 27, 2026, under regulatory disclosure requirements.

Court Judgment and Financial Implications

The Bombay High Court passed a judgment dated March 05, 2026, directing the enforcement and execution of an arbitral award in favor of Trammo DMCC. The court has ordered the company to deposit substantial amounts before proceeding further.

Background of Arbitration Dispute

The dispute stems from an International Arbitration Award passed against Nagarjuna Fertilizers in September 2016. The arbitration relates to contingent liabilities involving Trammo DMCC in connection with certain purported contracts for purchase of fertilizers. The company has consistently disclosed this matter under "Matters under Arbitration" in its financial statements in compliance with applicable Ind-AS Standards.

Company's Position and Legal Strategy

Nagarjuna Fertilizers maintains a strong stance against the arbitration award, asserting that it was obtained through questionable means. The company's key contentions include:

• The arbitration award was based on manipulated documents
• Misrepresentation of facts by the supplier occurred during proceedings
• The company has been actively contesting enforcement before the Bombay High Court
• A criminal complaint has been filed against the supplier and its officials

Planned Legal Remedies

Following the adverse judgment, the company has outlined its legal recourse strategy. Nagarjuna Fertilizers is proceeding with a Special Leave Petition before the Supreme Court of India to challenge the Bombay High Court's enforcement order. Additionally, the company is pursuing a Curative Petition before the Supreme Court regarding the related criminal case against Trammo DMCC and its officials.

The formal communication of the court order was received on March 27, 2026, prompting the immediate regulatory disclosure to BSE Limited and National Stock Exchange of India.