National Fertilizers Limited has announced significant changes in its Board composition with the retirement of a key executive. The company, a Navratna enterprise and Government of India undertaking, informed stock exchanges about the departure of its Director (Finance) and Chief Financial Officer.

Board Composition Changes

The company announced that Shri Hira Nand, who served as Director (Finance) and CFO, has retired upon attaining superannuation age. The retirement became effective following specific timeline requirements for such transitions.

Regulatory Compliance

The announcement was made in accordance with regulatory requirements under SEBI guidelines. National Fertilizers Limited communicated the board changes to both major stock exchanges where its shares are listed.

Stock Exchange Communication:

• NSE Symbol: NFL
• BSE Script Code: 523630
• Regulation: SEBI (LODR) Regulations, 2015 - Regulation 30 read with Schedule III
• Reference Number: NFL/SEC/SE/2063
• Communication Date: March 1, 2026

Corporate Structure

National Fertilizers Limited operates as a Navratna company under the Government of India. The company maintains its corporate office at A-11, Sector-24, Noida-201301, in Gautam Budh Nagar district of Uttar Pradesh. The formal communication regarding the board changes was signed by Company Secretary Ashok Jha, ensuring proper corporate governance protocols were followed in announcing this significant organizational change.

National Fertilizers Limited has announced a major capacity expansion initiative at its Vijaipur Unit, with the Board of Directors providing in-principle approval for the project. The expansion represents a significant step in the company's growth strategy to meet rising market demand.

Project Investment and Capacity Details

The capacity expansion project involves a substantial investment commitment and will establish new production capabilities at the facility.

Project Status and Timeline

The expansion project is currently in its initial stage, with the Board having accorded in-principle approval. The company has indicated that specific details regarding the period within which the proposed capacity will be added are yet to be finalized, as the project remains in preliminary phases.

Similarly, the mode of financing for the Rs. 104.03 crore investment has not been determined at this stage, with the company noting that these details will be worked out as the project advances beyond the initial approval phase.

Strategic Rationale

National Fertilizers Limited has cited increasing market demand as the primary rationale behind this capacity expansion initiative. The addition of 25,000 MTPA capacity at the Vijaipur Unit will enable the company to better serve market requirements and strengthen its production capabilities.

The Vijaipur Unit currently operates with no existing production capacity, making this expansion a greenfield development that will establish new manufacturing capabilities for the company at this location.