Rashtriya Chemicals & Fertilizers Limited has announced significant changes in its senior management structure, effective January 1, 2026. The company disclosed these appointments and retirements in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Senior Management Appointments

The company has made two key appointments to strengthen its leadership team across critical operational areas.

Leadership Transitions Through Superannuation

As part of the natural succession process, two senior executives have retired from their positions through superannuation.

Profile of New Appointees

Shri T. Charles brings extensive technical expertise to his new role as General Manager (TS/Lab/PHS/F&S) at the Thal unit. He holds an M.Tech degree in Chemical Engineering from A.C.Tech, Anna University, Chennai. Having joined Rashtriya Chemicals and Fertilizers Limited's Thal Unit as a Management Trainee in 1993, he possesses over 32 years of comprehensive experience across multiple departments including Heavy Water Plant, Technical Services Department, Central Chemical Laboratory, Fire & Safety Department, and Plant Health Services Department.

Shri Parag Ashok Dandekar assumes the position of General Manager (Purchase) with a strong educational background in engineering and finance. He holds a B.E. in Instrumentation Engineering from V.E.S.I.T. Engineering College, Mumbai, and a Master's in Financial Management from JBIMS, Mumbai. Since joining RCF in January 1993 as a Management Trainee (Instrumentation), he has accumulated over 32 years of diverse work experience across various departments including:

• Acid Group of Plant (Instrumentation Department)
• Bagging & Material Handling Department
• Purchase Department
• Commercial Department
• Hospital Administration
• Chairman Office
• Corporate Communication & CSR
• Vigilance Department

Strategic Impact

These management changes reflect the company's commitment to maintaining operational continuity while leveraging internal talent development. Both new appointees have demonstrated their capabilities through decades of service within the organization, ensuring seamless transitions in their respective departments. The appointments strengthen key operational areas including technical services, laboratory operations, plant health services, and procurement functions.

Rashtriya Chemicals & Fertilizers has announced a leadership transition with Ms. Nazhat J. Shaikh assuming charge as Chairman & Managing Director (CMD) effective January 1, 2026. The company informed stock exchanges about this significant board change following the superannuation of the previous CMD.

Leadership Transition Details

The board changes involve two key developments that took effect simultaneously on January 1, 2026:

Ms. Shaikh had been entrusted with additional charge of the CMD position in November 2025, and has now formally assumed the role. Shri S.C. Mudgerikar superannuated from the company's services on December 31, 2025, at the closure of business hours.

Professional Background of New CMD

Ms. Nazhat J. Shaikh brings extensive experience to her new role, with a career spanning over three decades in the fertilizer industry. Her educational qualifications include a Bachelor's degree in Commerce from Mumbai University and she is a qualified Chartered Accountant. Additionally, she is a certified SAP FI Consultant.

Career Progression at RCF

Ms. Shaikh's journey with Rashtriya Chemicals and Fertilizers began in 1989 when she joined as Accounts Officer. During her tenure, she handled various finance-related responsibilities across different divisions:

• Finance operations in Trombay, Fertilizer Marketing & Corporate divisions
• IT responsibilities during crucial SAP ERP implementation and upgrade phases
• Member of Women's Cell and Complaints Committee for prevention of Sexual Harassment
• Served as Chairperson of the Committee and facilitator for Gender audit in RCF

External Experience and Recognition

Between 2015 and 2019, Ms. Shaikh served as Director (Finance) at National Film Development Corporation (NFDC), a CPSE under the Ministry of Information & Broadcasting. During her tenure at NFDC, she briefly held additional charge as Managing Director, gaining exposure to non-finance areas including media & production business, film festivals, HR, legal & administrative functions.

She rejoined RCF as Executive Director (Finance) on August 1, 2019, taking responsibility for finance, accounting, taxation, reporting, compliances, treasury functions, and financial concurrence of all proposals. From February 4, 2022, to February 8, 2024, she also held additional charge as Director (Finance) at Projects & Development India Limited (PDIL).

Awards and Recognition

Ms. Shaikh's professional excellence has been recognized through several awards:

• Best Woman Employee Award in Executive Category (3rd place) by Forum of Woman in Public Sector under SCOPE aegis in February 2014
• CFO100 Next Award 2013 instituted by the CFO Institute

Regulatory Compliance

The company has disclosed that there are no relationships between directors and confirmed that Ms. Shaikh is not debarred from holding the office of Director pursuant to any SEBI order or order of any other authority. The appointment complies with Regulation 30 of SEBI Listing Regulations and related circulars.

This leadership transition marks a significant milestone for Rashtriya Chemicals and Fertilizers as it continues its operations under new management while maintaining continuity through Ms. Shaikh's extensive experience within the organization.