Nagarjuna Fertilizers and Chemicals Limited has informed the Exchange about Action(s) taken or orders passed
Awaiting price reaction for this filing.
Nagarjuna Fertilizers and Chemicals Limited has been penalised Rs. 1,00,000 (One Lakh) by SEBI's Adjudicating Officer under Section 15A(b) of the SEBI Act, 1992. The penalty is for failing to properly disclose an arbitration award passed in favour of an operational creditor, as required under Regulation 30(3) read with Regulation 30(4)(i)(c) and Regulation 4(1)(h) of the LODR Regulations. SEBI received the order on March 24, 2026. The company has acknowledged the penalty and stated it has been discontinued business operations and is not a going concern since June 2024, meaning the fine does impact its already weak finances.
The penalty amount is small (Rs. 1 lakh), but it highlights a past compliance failure in disclosing a litigation-related event. Since the company is already non-operational and not a going concern, the financial impact is negligible, though the regulatory action adds to concerns about past governance and disclosure practices.