Rashtriya Chemicals & Fertilizers Announces Promotion of Shashikant R. Hedau to General Manager (IPD)

Rashtriya Chemicals & Fertilizers Limited, a Government of India Undertaking, has notified the stock exchanges of a change in its senior management in compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made by Jai Bhagwan Sharma, Executive Director (Legal & Company Secretary), on July 25, 2026.

Senior Management Change

The company has announced the promotion of Shri Shashikant R. Hedau to the position of General Manager (IPD). The details of the change are outlined below:

Parameter:	Details
Name:	Shri Shashikant R. Hedau
Designation:	General Manager (IPD)
Event:	Promotion
Date of Event:	July 24, 2026
Effective Date:	July 1, 2026

Profile of Shri Shashikant R. Hedau

Shri Shashikant R. Hedau brings a strong academic and professional background to his new role. His qualifications and experience are summarised below:

Educational Qualifications: B.Sc. (PCM), MBA (Marketing), and certification in SAP – Sales & Distribution (SD) Module
Experience: Over 27 years of rich experience in the marketing of industrial products
Current Role: Heading the Industrial Products Division (IPD) of the company as General Manager (IPD)
Responsibilities: Overall planning, sales, and marketing of the company's industrial products

This disclosure was made in accordance with applicable SEBI listing regulations and is intended for the information and record of the stock exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.05%	-3.43%	-7.43%	-3.13%	-19.36%	+55.28%

Rashtriya Chemicals and Fertilizers Limited's board has approved a proposal to raise funds by way of a Further Public Offering (FPO) through a fresh issue of equity shares aggregating up to Rs. 1,500 Crore. The decision, taken during the board meeting on July 7, 2026, aims to bolster the company's capital base and support its strategic objectives. The fundraising initiative is subject to necessary approvals, including consent from shareholders, the Department of Fertilizers (DOF), Government of India, and the Department of Investment and Public Asset Management (DIPAM).

Alongside the fundraising approval, the board sanctioned amendments to the Main Objects Clauses and the adoption of the revised Memorandum of Association of the Company. These changes, aligned with the provisions of the Companies Act, 2013, involve renaming existing clauses, incorporating new objects related to renewable energy and waste management, and reclassifying several existing business activities. The modifications require shareholder and DOF approval.

Key Details of the Fundraising Approval

The following table summarises the key parameters of the board-approved fundraising proposal:

Detail:	Information
Meeting Date:	July 7, 2026
Fundraising Instrument:	Further Public Offering (Fresh Equity Shares)
Amount:	Up to Rs. 1,500 Crore
Approvals Required:	Shareholders, DOF, DIPAM
Regulatory Framework:	Companies Act, 2013; SEBI LODR Regulations

Amendments to Memorandum of Association

The board approved significant restructuring of the company's Memorandum of Association to expand its operational scope. New clauses include the generation of power from renewable and non-conventional sources, operation of sewage and effluent treatment plants, and manufacturing of agro-chemicals and bio-fertilizers. Existing clauses related to explosives, agency trading, and investment in subsidiaries were modified and renumbered under Clause III(A). Additionally, new clauses were inserted to authorize the establishment of warehouses, lending to subsidiaries, and opening banking accounts.