Intimation enclosed herewith
RCF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rashtriya Chemicals and Fertilizers Ltd has received notices from both NSE and BSE dated May 27, 2026 regarding non-compliance with Regulation 17(1) of SEBI LODR for the quarter ended March 31, 2026. Both stock exchanges have imposed a fine of Rs. 5,31,000 each, totaling Rs. 10,62,000. Regulation 17(1) typically relates to board composition requirements including minimum directors and independent director norms. The company states it is in the process of filing an application for waiver of these fines with both exchanges.
The financial impact is relatively modest at around Rs 10.6 lakh total. However, this signals a corporate governance or board composition issue that investors should monitor, especially as the company is seeking waiver which may take time to process.