Rama Phosphates has announced the renewal of its Single Super Phosphate (SSP) contract with Hindustan Urvarak & Rasayan Limited (HURL) for the financial year 2026. This strategic contract renewal marks an important milestone for the fertilizer company, reinforcing its business partnerships and revenue streams.

Contract Renewal Details

The renewed agreement with HURL focuses on Single Super Phosphate products, a key segment in the fertilizer industry. This partnership continuation demonstrates the confidence that HURL places in Rama Phosphates' manufacturing capabilities and product quality.

Business Impact and Revenue Stability

The contract renewal is expected to provide enhanced revenue stability for Rama Phosphates, offering predictable business flows for the upcoming financial year. This development strengthens the company's position in the fertilizer market and provides a solid foundation for its operational planning.

The partnership with HURL, being a significant player in the fertilizer sector, adds credibility to Rama Phosphates' business operations and demonstrates the company's ability to maintain long-term business relationships with key industry participants.

Strategic Significance

This contract renewal represents more than just a business transaction; it reflects the ongoing trust and collaboration between the two companies. For Rama Phosphates, securing this renewal provides operational certainty and supports the company's revenue forecasting for FY26.

The SSP segment remains a crucial component of India's fertilizer industry, and this contract positions Rama Phosphates to continue serving this important market segment through its established partnership with HURL.

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.