Rashtriya Chemicals & Fertilizers Ltd (RCF), a prominent player in India's fertilizer industry, has unveiled a significant reorganization of its senior management team, effective August 1, 2025. The changes, which include several promotions and retirements, are set to reshape the company's leadership structure.

Key Promotions

RCF has announced four notable promotions within its ranks:

1. Shri Nitin Hirde has been elevated to the position of Executive Director (Thai). With an impressive 35-year tenure at RCF, Hirde joined the company as a Management Trainee in 1990. His extensive experience includes working in the Ammonia Plant, Technical Services, Projects, and the Heavy Water Plant. In his new role, Hirde will lead RCF's Thai Unit.

2. Mrs. Mrudula Godbole has been promoted to General Manager (Finance). A qualified Cost Accountant, Godbole began her journey with RCF in 1996 as an Accounts Officer Grade II. With over 25 years of experience in the fertilizer industry, she currently oversees crucial areas such as Treasury, GST, Corporate Accounts Consolidation, and Corporate Financial Strategy.

3. Shri Girish Temgire has been appointed as General Manager (Corp. Cord & Tr. Projects). Temgire, who joined RCF in 1995, holds a Bachelor's degree in Engineering (Petroleum & Petrochemical) from Maharashtra Institute of Technology, Pune, and a Post Graduate Diploma in Financial Management from the University of Mumbai. He brings over 30 years of extensive experience in project planning and development to his new role.

4. Shri Anil R. Deo has been promoted to General Manager (SAP, CAN/PAP). Deo, a BE (Production) graduate from Walchand Institute of Technology, Solapur, joined RCF as a Management Trainee in 1990. His diverse experience spans various departments, including Ammonia, Central Workshops, Maintenance Engineering Services, and multiple plant operations at both the Trombay and Thai units.

Superannuations

The company also announced the retirement of three senior executives:

1. Shri Anil R. Deo will be retiring from his current position as Executive Director (IPD/Commercial).
2. Shri Atul B. Patil is set to retire from his role as Chief General Manager (HR).
3. Sanjeev S. Doshi will be stepping down from his position as Chief General Manager (Marketing).

These changes in RCF's senior management are expected to bring fresh perspectives and expertise to the company's leadership team. As a government-owned entity, RCF plays a crucial role in India's fertilizer sector, and these strategic appointments may influence the company's future direction and operations.

The announcement, made in compliance with SEBI regulations, underscores RCF's commitment to transparency and corporate governance. As the new leadership team takes charge, stakeholders will be keen to observe how these changes impact the company's performance and strategic initiatives in the coming years.

The Department of Investment and Public Asset Management (DIPAM) has initiated a new round of bidding for an Offer For Sale (OFS) of Rashtriya Chemicals & Fertilizers , signaling a potential divestment in the state-owned enterprise.

Potential Disinvestment on the Horizon

DIPAM's move to request new bids for an OFS of Rashtriya Chemicals & Fertilizers shares indicates the government's continued efforts to divest its stake in public sector undertakings. This development could potentially lead to a change in the ownership structure of the company, although the specifics of the offer remain undisclosed at this time.

Key Points of the Announcement

• DIPAM has called for fresh bids for an OFS of Rashtriya Chemicals & Fertilizers shares.
• The exact size and timing of the potential offer have not been revealed.
• This move is part of the government's broader disinvestment strategy.

Implications for Investors

While the details of the OFS are yet to be announced, this development could present an opportunity for investors to acquire shares in Rashtriya Chemicals & Fertilizers. However, potential investors should await further information regarding the terms and conditions of the offer before making any investment decisions.

About Rashtriya Chemicals & Fertilizers Limited

Rashtriya Chemicals & Fertilizers Limited is a state-owned chemical and fertilizer manufacturing company. As a major player in India's fertilizer sector, Rashtriya Chemicals & Fertilizers' performance and ownership structure are of significant interest to both the agriculture industry and the investment community.

Investors and market watchers are advised to stay tuned for further announcements from DIPAM regarding the specifics of the Rashtriya Chemicals & Fertilizers Offer For Sale, as more details are expected to emerge in the coming days or weeks.