Rama Phosphates Limited has announced a key board decision regarding the re-appointment of its Non-Executive Independent Director. The board meeting held on January 14, 2026, resulted in the approval of Mr. Ratneshwar Prasad's continuation in his directorial role for another term.

Board Decision Details

The board of directors considered and approved the re-appointment of Mr. Ratneshwar Prasad (DIN – 10625105) as Non-Executive Independent Director based on the recommendation of the Nomination and Remuneration Committee. The appointment specifics are outlined below:

Director Profile and Experience

Mr. Ratneshwar Prasad brings extensive expertise to the board with 38 years of distinguished career in taxation, law, competition law, and international taxation. His professional journey includes:

• Indian Revenue Service (IRS): Joined in 1970 after clearing the Civil Services Examination in 1969
• Career Progression: Advanced through various positions including Commissioner, Chief Commissioner, and eventually Chairman of Central Board of Direct Taxes (CBDT)
• Key Achievements: Disposed of 10,000 tax appeals and was involved in planning and execution of 200 group searches
• Post-Retirement Role: Joined Competition Commission of India (CCI) as a founding member in 2008

During his service with the IRS, Mr. Prasad was actively involved in revenue augmentation, policy planning, disposal of appeals, and search and seizure operations.

Regulatory Compliance

The company has confirmed full compliance with regulatory requirements for the appointment:

Meeting Information

The board meeting was conducted efficiently with clear timelines:

• Meeting Date: January 14, 2026
• Commencement Time: 2:30 p.m.
• Conclusion Time: 3:00 p.m.
• Duration: 30 minutes

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance. The appointment reinforces the company's commitment to maintaining experienced and qualified independent directors on its board to provide strategic guidance and governance oversight.

Rama Phosphates received a positive development in its credit profile as ICRA upgraded the company's rating outlook from negative to stable while reaffirming existing ratings across its facilities. The fertilizer manufacturer disclosed this rating action to stock exchanges on December 26, 2025, in compliance with SEBI listing obligations.

Credit Rating Details

ICRA maintained its assessment of Rama Phosphates' creditworthiness while signaling improved confidence through the outlook upgrade. The rating agency's action covers the company's entire facility portfolio worth ₹136.00 crore.

Rating Implications

The outlook upgrade from negative to stable represents a significant improvement in ICRA's assessment of Rama Phosphates' credit profile. While the core ratings remain unchanged, the stable outlook indicates that the rating agency expects the company's credit metrics to remain steady over the near term, removing the previous downward pressure.

Company Operations

Rama Phosphates operates as a diversified manufacturer in the fertilizer and chemical sectors. The company produces Single Super Phosphate (SSP) fertilizer, sulphuric acid, oleum, chlorosulphonic acid, edible soya oil, soya de-oiled cake, lecithin, and various micronutrients including magnesium sulphate and zinc sulphate.

Regulatory Compliance

The company promptly communicated this rating development to both BSE and NSE, fulfilling its obligations under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. This transparency ensures investors remain informed about material developments affecting the company's credit standing.