Rashtriya Chemicals & Fertilizers Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026. The certificate submission fulfills the company's regulatory obligations under SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Submission

The company submitted the certificate on April 6, 2026, to both BSE Limited and National Stock Exchange of India Limited. The document was signed by J.B. Sharma, Executive Director (Legal and Company Secretary), ensuring proper authorization of the regulatory filing.

Certificate Details and Confirmation

MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's registrar and share transfer agent, issued the compliance certificate dated April 4, 2026. The certificate confirms adherence to Regulation 74(5) requirements for the quarter ended March 31, 2026.

Key Confirmations

The registrar confirmed several critical compliance aspects:

• Securities received from depository participants for dematerialization were properly confirmed to depositories
• All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were confirmed or rejected within prescribed timelines
• Received certificates were mutilated and cancelled after due verification by depository participants
• Depository names were substituted in the register of members as registered owners

Rematerialization Status

The certificate specifically notes that no requests for rematerialization were received during the quarter ended March 31, 2026. This indicates continued preference for dematerialized holdings among shareholders.

Corporate Information

Rashtriya Chemicals and Fertilizers Limited operates as a Government of India undertaking with CIN L24110MH1978GOI020185. The company maintains its registered office at Priyadarshini, Eastern Express Highway, Sion, Mumbai - 400022. MUFG Intime India Private Limited, with CIN U67190MH1999PTC118368, continues to serve as the registrar and share transfer agent, operating from its registered address at C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083.

Rashtriya Chemicals & Fertilizers Limited has secured a significant legal victory with the Supreme Court of India setting aside orders from the Customs Excise and Service Tax Appellate Tribunal (CESTAT) in a case spanning nearly three decades. The company announced this development through a regulatory filing under SEBI LODR Regulations on March 25, 2026.

Supreme Court Ruling Details

The Supreme Court of India, through its order dated March 24, 2026, set aside the impugned orders-in-original dated January 27, 2010 and February 4, 2010, as well as the order passed by CESTAT's West Zonal Bench in Mumbai. The case involved appeals filed by the company against various show cause notices and orders for the period from 1996 to 2005.

Financial Impact and Allegations

The Supreme Court's favorable ruling eliminates a substantial financial burden for the fertilizer manufacturer. The case involved allegations of excise duty violations related to the diversion of Naphtha for purposes other than fertilizer production.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI LODR Regulations by informing both BSE Limited and National Stock Exchange of India Limited about this significant legal development. The notification was signed by J.B. Sharma, Executive Director (Legal & Company Secretary), ensuring proper corporate governance protocols were followed.

Case Background

The legal dispute originated from excise demands raised by authorities regarding the alleged diversion of Naphtha for non-fertilizer use during the period 1996 to 2005. The original orders were passed in 2010, and the company had been pursuing appeals through various judicial forums before reaching the Supreme Court. The favorable verdict represents the culmination of a prolonged legal battle spanning over 15 years since the original orders were issued.