Rashtriya Chemicals & Fertilizers has scheduled its 48th Annual General Meeting for September 25, 2026, to seek shareholder approval for significant capital raising measures. The company proposes a Further Public Offering (FPO) of equity shares aggregating up to ₹1,500 crore to fund capital expenditure and business expansion.

The meeting will also address the issuance of secured or unsecured Non-Convertible Debentures (NCDs) on a private placement basis, with an aggregate limit of ₹1,100 crore. These funds are intended to augment long-term resources for ongoing capital requirements and general corporate purposes.

Dividend Payout

The Board has recommended a final dividend of ₹1.34 per equity share for the financial year ended March 31, 2026. This is in addition to an interim dividend of ₹1 per equity share already paid in March 2026. The record date for determining entitlement to the final dividend is fixed as September 18, 2026.

Board Appointments

Shareholders will vote on several key board appointments:

• Shri Shivakumar Subramaniam will be appointed as Chairman & Managing Director, effective February 13, 2026, until his superannuation on July 31, 2030.
• Dr. Krishna Kant Pathak will be appointed as Government Nominee Director, effective April 21, 2026.
• Shri Rajnikant Bhulabhai Tandel will be appointed as Independent Director, effective August 31, 2026.
• Shri Niranjan S. Sonak and Ms Aparna S. Sharma retire by rotation and offer themselves for reappointment.

Memorandum of Association Amendment

The company seeks approval to amend its Memorandum of Association (MoA) to align with the Companies Act, 2013. The amendments aim to diversify business activities into new sectors, including renewable energy, water management, and agro-based products, leveraging its Navratna status for greater operational flexibility.

Voting Details

The register of members and share transfer books will remain closed from September 19, 2026, to September 25, 2026. Remote e-voting facilities are available from September 21, 2026, at 9:00 am to September 24, 2026, at 5:00 pm. The cut-off date for voting entitlement is September 18, 2026.

Rashtriya Chemicals & Fertilizers has appointed Rajnikant Bhulabhai Tandel as an independent director on its board. The company’s Board of Directors approved the move through a circular resolution passed on August 31, 2026.

The appointment is effective from August 31, 2026, for a term of three years or until further orders, whichever is earlier. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Rajnikant Bhulabhai Tandel holds a Bachelor’s Degree in Commerce and a Bachelor’s Degree in Law from South Gujarat University, Surat. He is a practicing advocate with over 20 years of experience as a tax consultant and in liaisoning activities.

His specialized experience covers VAT, GST, income tax, and industrial consultancy for traders, manufacturers, and other entities. Tandel is also actively involved in social service, providing free legal advice and notary services to school children, economically weaker persons, and senior citizens.

Regulatory Disclosure

The company confirmed that there are no relationships between the directors and the appointee, nor any debarment orders from SEBI or other authorities regarding his office holding. The details were filed with both the BSE Limited and the National Stock Exchange of India Limited.