RCF Penalized ₹28.08 Lakh by SEBI for non-compliance

Rashtriya Chemicals and Fertilizers Limited has been penalized a total of ₹28.08 lakh by the National Stock Exchange (NSE) and BSE Limited for multiple non-compliances under SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations for the quarter ended March 31, 2025.

Key Regulatory Findings

As per the company’s filing dated March 30, 2025, both exchanges cited violations of the following LODR provisions:

• Regulation 17(1) and 17(2A): Composition of the Board and its committees
• Regulation 18(1): Audit Committee requirements
• Regulation 19(1)/(2): Nomination and Remuneration Committee norms
• Regulation 20(2)/2A: Stakeholders Relationship Committee compliance
• Regulation 21(2): Risk Management Committee obligations

Each exchange imposed a fine of ₹14,04,200, bringing the total penalty to ₹28,08,400.

Timeline and Company Response

The penalties were communicated on May 29, 2025, with NSE issuing the notice at 8:13 PM and BSE at 6:09 PM. RCF has disclosed that it is currently in the process of filing applications for waiver of the imposed fines.

Financial Impact

The fines are expected to have a marginal impact on the company’s financials, and no operational disruptions have been indicated. RCF has acknowledged the notices and is taking remedial measures to address the regulatory lapses.

About RCF

Rashtriya Chemicals and Fertilizers Ltd is a Government of India undertaking under the Ministry of Chemicals and Fertilizers. It is engaged in the production and marketing of fertilizers and industrial chemicals, with manufacturing units in Maharashtra.

REF:https://nsearchives.nseindia.com/corporate/RCF_30052025161904_Fines31032025.pdf

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