Rashtriya Chemicals & Fertilizers Limited has announced a senior management change with the superannuation of one of its General Managers, effective March 1, 2026. The announcement was made in compliance with regulatory disclosure requirements under SEBI regulations.

Senior Management Transition Details

The company has formally notified stock exchanges about the superannuation of Shri Anupam Sonawane, who served as General Manager overseeing multiple critical departments. The transition represents a planned organizational change as part of the company's regular management succession process.

Regulatory Compliance Framework

The announcement was made under regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material events and changes in senior management positions to ensure transparency for investors and stakeholders.

The company communicated this development to both major stock exchanges where its securities are listed:

• BSE Limited: Script codes 524230, 975890, 976867, and 977150
• National Stock Exchange: Script code RCF EQ with ISIN codes INE027A08028, INE027A08036, and INE027A08044

Corporate Communication

The formal notification was signed by J. B. Sharma, Executive Director (Legal & Company Secretary), emphasizing the company's commitment to maintaining proper corporate governance standards. The disclosure ensures all stakeholders are informed about significant organizational changes that may impact the company's operations and management structure.

As a Government of India undertaking, Rashtriya Chemicals and Fertilizers Limited maintains strict adherence to regulatory compliance requirements, ensuring transparent communication with investors and regulatory authorities regarding all material developments in its organizational structure.

Rashtriya Chemicals & Fertilizers Limited has been imposed with regulatory fines totaling Rs 10.86 lakh by India's leading stock exchanges for non-compliance with listing regulations. The government undertaking received penalty notices from both the National Stock Exchange of India Limited and BSE Limited on February 27, 2026.

Regulatory Action Details

Both stock exchanges have imposed identical fines on the company for violating specific listing obligations during the recent quarter.

Nature of Non-Compliance

The penalties have been levied for the company's failure to comply with Regulation 17(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation pertains to specific governance and disclosure requirements that listed companies must adhere to on a quarterly basis.

The company received the penalty notices at different times on February 27, 2026:

• BSE notice received at 17:50 pm
• NSE notice received at 22:17 pm

Financial Impact and Company Response

The regulatory action carries a direct financial implication of Rs 10.86 lakh for Rashtriya Chemicals & Fertilizers Limited. However, the company has indicated that it is actively pursuing remedial measures to address the situation.

Disclosure Compliance

In accordance with regulatory requirements under Regulation 30 of SEBI LODR, the company has made the necessary disclosures to both stock exchanges. The intimation was signed by J.B. Sharma, Executive Director (Legal & Company Secretary), ensuring proper communication channels with market regulators and stakeholders.

The company maintains its listing on both exchanges with multiple script codes and has fulfilled its obligation to inform the market about this regulatory development through proper disclosure mechanisms.