National fertilizers Limited has received credit rating affirmation from India Ratings & Research, maintaining its strong financial standing in the fertilizer sector. The company informed stock exchanges about the rating affirmation on March 27, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

Credit Rating Details

India Ratings & Research has affirmed National Fertilizers Limited's credit ratings across multiple financial instruments. The rating agency maintained its assessment of the company's creditworthiness with stable outlook indicators.

Banking Facility Distribution

The company's banking facilities are distributed across multiple leading financial institutions, ensuring diversified funding sources. The fund-based working capital limits are spread across various banks with State Bank of India providing the largest facility.

Fund-Based Working Capital Facilities

Non-Fund Based Working Capital Facilities

Commercial Paper Program

India Ratings also affirmed the company's commercial paper program rating at IND A1+ for instruments worth ₹40,000 million. The commercial paper program has a maturity period ranging from 7 to 365 days, providing the company with flexible short-term funding options.

Regulatory Compliance

The rating affirmation was formally communicated to both the National Stock Exchange of India Limited and BSE Limited on March 27, 2026. Company Secretary Ashok Jha signed the regulatory filing, ensuring compliance with stock exchange disclosure requirements. The communication included detailed annexures providing comprehensive breakup of all rated facilities across different banking partners.

National fertilizers Limited has announced a key leadership change with the assignment of additional charge of Director (Finance) to its current Director (Marketing), Shri Mahesh Chander Gupta. The appointment comes as the company manages its executive leadership structure during a transitional period.

Government Approval and Appointment Details

The Department of Fertilizers, Ministry of Chemical and Fertilizers, Government of India issued Order No. 82/3/2013-HR PSU (e-28269) dated March 3, 2026, formally assigning the additional responsibilities to Gupta. The appointment carries the approval of the Hon'ble Minister of Chemicals & Fertilizers and is subject to final approval from the Department of Personnel & Training (ACC).

Professional Background and Experience

Shri Mahesh Chander Gupta brings extensive experience from the energy sector to his expanded role. Prior to joining National Fertilizers Limited as Director (Marketing), he served as Chief General Manager (Business Development - Gas) at Indian Oil Corporation Limited (IOCL), where he headed Natural Gas Sourcing and Marketing operations at the corporate level.

Key Qualifications and Achievements

• Over 30 years of professional experience in the energy sector
• Management Graduate from FMS, Udaipur
• Cost & Management Accountant (Gold Medallist)
• Completed advanced management programmes
• Leadership experience across multiple verticals including Petroleum Marketing, Petrochemicals Marketing, Natural Gas Marketing, and Vigilance

Strategic Role and Responsibilities

In his current capacity as Director (Marketing), Gupta has been instrumental in spearheading National Fertilizers' expanding business portfolio with differentiated products to achieve market leadership. His role encompasses working towards energy transition, sustainability, globalization, and strategic diversification with the ambition of achieving self-sufficiency in urea production.

At IOCL, Gupta played a pivotal role in upscaling the natural gas business to new heights and establishing new business streams of petrochemicals, including PTA & Polymers in both domestic and global markets, along with other business development activities.

Regulatory Compliance

The company has confirmed that there are no relationships between directors that require disclosure, and Gupta has not been debarred from holding the office of Director pursuant to any SEBI order or order of any other authority. This appointment aligns with regulatory requirements under SEBI regulations for listed companies.

The dual responsibility assignment reflects the company's strategic approach to maintaining operational continuity while ensuring experienced leadership across critical functions during the transition period.