RCF promotes Shashikant R. Hedau to General Manager (IPD)

Rashtriya Chemicals & Fertilizers Limited has promoted Shri Shashikant R. Hedau to the position of General Manager for its Industrial Products Division (IPD). The promotion, which took effect on July 1, 2026, was formally notified to stock exchanges on July 25, 2026. This leadership change ensures continuity in the management of the company’s industrial product portfolio, a key segment for the Government of India undertaking.

The disclosure was made by Jai Bhagwan Sharma, Executive Director (Legal & Company Secretary), in compliance with Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted to both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Senior Management Change Details

Shri Shashikant R. Hedau assumes responsibility for the overall planning, sales, and marketing of the company's industrial products. He brings over 27 years of experience in industrial product marketing to the role.

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 and Qualifications

Shri Hedau holds a B.Sc. (PCM) and an MBA in Marketing. He is also certified in the SAP – Sales & Distribution (SD) Module. Prior to this promotion, he was already heading the Industrial Products Division. His extensive background in marketing aligns with the strategic requirements of managing RCF's industrial product lines.

This appointment reflects the company's focus on retaining experienced leadership within critical operational divisions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.34%	-3.12%	-5.18%	-5.00%	-15.98%	+62.69%

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.