Fertilizers and Chemicals Travancore Limited has informed the Exchange regarding Cessation of Mr S C MUDGERIKAR as Chairman & Managing Director of the company w.e.f. January 01, 2026.
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On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.4 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Fertilizers and Chemicals Travancore Limited (FACT) has informed the stock exchange that Shri S.C. Mudgerikar ceased to be the Chairman and Managing Director (Additional Charge) of the company with effect from January 1, 2026. The reason given for the cessation is the completion of his tenure and superannuation, not resignation or removal. The company has disclosed the details as required under SEBI Listing Regulations. The company is a public sector undertaking under the Government of India, so leadership changes are typically filled by the administrative ministry. No replacement appointment has been mentioned in this filing.
Existing shareholders should note that the company's top leadership position is now vacant. As FACT is a government company, a successor is likely to be appointed by the administrative ministry, but a gap at the CMD level could create short-term uncertainty around strategic decisions and ongoing operations.