Nagarjuna fertilizers & chemicals Limited has announced that Mr. K Vijaya Gopala Raju has formally withdrawn his resignation as Executive Director - Operations and will continue in his current role. The development was communicated to stock exchanges on March 27, 2026.

Executive Leadership Update

The company had previously disclosed on February 09, 2026, that Mr. Vijaya Gopala Raju had submitted his resignation from the position of Executive Director - Operations. However, in a significant development, he has now reversed this decision through formal communication dated March 27, 2026.

Regulatory Compliance

The intimation was filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both BSE Limited and The National Stock Exchange of India Limited about this development.

Company Communication

Company Secretary Srekanth Chanda signed the official communication to the stock exchanges, ensuring proper disclosure of this material development. The company has requested the exchanges to take this information on record, maintaining transparency with stakeholders and regulatory compliance.

This withdrawal of resignation ensures continuity in the company's operational leadership structure, with Mr. Raju continuing to oversee operations in his executive capacity.

Nagarjuna Fertilizers and Chemicals Limited has been penalized Rs 1,00,000 by the Securities and Exchange Board of India (SEBI) for non-compliance with disclosure requirements under the LODR Regulations. The company informed both BSE and NSE about the penalty through a regulatory filing dated March 25, 2026.

SEBI Penalty Details

The penalty was imposed by SEBI's Adjudicating Officer under Section 15A(b) of the SEBI Act, 1992, for alleged non-compliance with specific disclosure regulations. The violation pertains to the company's failure to properly disclose an arbitration award that was passed in favor of an operational creditor.

Regulatory Violations

The specific violations cited by SEBI include non-compliance with multiple regulatory provisions. The company was found to have violated Regulation 30(3) read with Regulation 30(4)(i)(c) concerning disclosure of litigation and disputes, as well as Regulation 4(1)(h) of the LODR Regulations.

SEBI initiated adjudication proceedings in relation to an arbitration award and its disclosure requirements. The company made submissions before the Adjudication Officer, who considered the nature of the violation and determined that the penalty amount was appropriate to serve as a deterrent.

Financial Impact on Operations

The penalty's impact on Nagarjuna Fertilizers and Chemicals Limited is particularly significant given the company's current operational status. The company has discontinued business operations and is not a going concern since June 2024, with no operational revenue.

Consequently, the Rs 1,00,000 fine has a more pronounced effect on the company's finances, given the absence of operational income to offset such regulatory costs.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both stock exchanges about the penalty. The notification was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which requires listed entities to disclose material events and information to the exchanges.

Company Secretary Srekanth Chanda signed the regulatory filing, ensuring compliance with the prescribed information requirements under the SEBI Listing Regulations and relevant SEBI circulars.