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.

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 K Vijaya Gopala Raju has formally withdrawn his resignation as Executive Director - Operations and will continue in his current role.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.