Nagarjuna Fertilizers and Chemicals Limited has informed regarding the Fixed Term Employment of Mr. R M Deshpande, Sr. Executive Director Operations, is ending on December 31, 2025.
Awaiting price reaction for this filing.
Nagarjuna Fertilizers and Chemicals has informed the stock exchanges that the fixed term employment of Mr. R M Deshpande, Sr. Executive Director - Operations, is ending on December 31, 2025. Mr. Deshpande had submitted his resignation on November 10, 2025 citing medical and health reasons, but agreed to continue in his role until the completion of his fixed term. The disclosure has been made under SEBI LODR Regulation 30, indicating this is a Key Managerial Personnel-level change requiring stock exchange intimation.
This is a planned, health-driven exit rather than a sudden departure, giving the company nearly two months of transition time. Shareholders should watch for any announcement on a replacement, as the Operations leadership role is significant for an agrochemical/fertilizer company, though no immediate negative signal is evident.