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.

Nagarjuna Fertilizers & Chemicals appointed R. Ramamohana Rao as an Additional Non-Executive Director on its Board, effective June 30, 2026. The appointment strengthens the company's leadership with a veteran possessing over five decades of experience in industrial relations and employee welfare. This move is aimed at leveraging his expertise to enhance productivity and work culture within the organization.

R. Ramamohana Rao has extensive experience in creating healthy work environments across public and private sectors. His specialization includes productivity improvement through industrial relations and the implementation of over 100 worker wage agreements throughout India. Previously, he was associated with Union Carbide India Ltd for more than two decades.

The new director has held significant positions in government advisory bodies. He served as the Chairman for the AP Minimum Wage Advisory Board and the AP Contract Labour Advisory Board, Government of Andhra Pradesh. Additionally, he was a Member of the International Labour Organization, contributing to the eradication of child labour in Andhra Pradesh and serving on various state government and autonomous boards.

The Board meeting regarding this appointment concluded at 07.00 P.M. on June 30, 2026. The company confirmed that Rao has affirmed he has not been debarred from holding the office of director by any SEBI order or other authority. His Director Identification Number (DIN) is 00781052.

The disclosure was submitted to BSE Limited and The National Stock Exchange of India Ltd in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company scrip is listed under code 539917 on BSE and symbol NAGAFERT on NSE.