Nagarjuna Fertilizers & Chemicals Ltd has received approval from the Registrar of Companies (ROC), Telangana, to extend the deadline for holding its 20th Annual General Meeting (AGM) for the fiscal year ended March 31, 2026.

The regulatory body granted a three-month extension, moving the final date for the meeting from September 30, 2026, to December 31, 2026. This decision was formalized via an order dated September 30, 2026, following an application submitted by the company under Section 96(1) of the Companies Act, 2013.

Regulatory Approval Details

The company filed its request for the extension on September 30, 2026, citing specific operational requirements as grounds for the delay. The ROC reviewed the application and granted the relief while advising the company to ensure strict compliance with statutory provisions in future filings.

Compliance Implications

Under the Companies Act, 2013, companies are required to hold their AGM within six months from the close of the financial year. For Nagarjuna Fertilizers, whose accounting year closed on March 31, 2026, the original statutory deadline fell on September 30, 2026. The extension provides additional time to finalize annual accounts and convene the shareholder meeting without incurring penalties for non-compliance with the initial timeline.

Nagarjuna Fertilizers and Chemicals Ltd reported a standalone profit of ₹151.47 lakh for the quarter ended March 31, 2026, compared to a loss of ₹574.77 lakh in the preceding quarter ended December 31, 2025. The financial results for the year ended March 31, 2026, were approved by the Board of Directors on June 30, 2026. The company's accounts have been prepared on a 'not a going concern' basis, reflecting discontinued business operations effective from the quarter ended June 30, 2024, as there are no revenue-generating businesses left following the settlement of debt and the sale of core and non-core assets.

The statutory auditors, P. Murali & Co., issued an unmodified opinion on the audited standalone and consolidated financial results. The auditors emphasized that without considering energy and other claims from the government, current liabilities exceed current assets by ₹87,621.08 lakh. The company is pursuing various subsidy claims with the government, including reimbursement of energy consumed, AP State Electricity Duty paid, and IGST, which will be used to settle recognized liabilities upon receipt.

Financial Performance

For the year ended March 31, 2026, the company reported a total comprehensive income of ₹2,42,447.41 lakh in standalone accounts. The basic and diluted earnings per share (EPS) for the year was ₹40.55, compared to ₹0.03 for the quarter ended March 31, 2026. The paid-up equity share capital remained unchanged at ₹5,980.65 lakh. Other equity stood at a negative ₹1,00,161.35 lakh as of March 31, 2026, compared to a negative ₹98,609.90 lakh in the previous year.

Standalone Financial Results (Year Ended March 31, 2026)

Legal and Contingent Liabilities

The company faces significant contingent liabilities and disputed claims amounting to approximately ₹1,278.26 crore. These include water cess claims of ₹591.27 crore and arbitration awards involving entities such as Trammo, Tecnimont, and Pipeline Infrastructure Ltd. The company is contesting these claims in various legal forums. Additionally, GAIL has claimed interest amounting to ₹597 crore, which the company disputes, citing an Office Memorandum issued by the Department of Fertilizers that does not provide for interest payments.

A related party has submitted a claim for royalty payment of ₹836.67 crore, including principal and interest, as of March 31, 2021. The company has acknowledged the liability and agreed to settle the dues from receipts, if any, from claims against GAIL. The consolidated financial results include the figures of associate company KVK Raju International Leadership Ltd, which reported nil assets, revenue, and comprehensive income for the period.