Intimation with regard to FACT-RCF Building Products Limited enclosed herewith
RCF · price
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Awaiting price reaction for this filing.
Rashtriya Chemicals and Fertilizers Ltd (RCF) has informed stock exchanges that the NCLT Kochi Bench, through an order dated September 26, 2025, has approved a Resolution Plan for FACT-RCF Building Products Limited, a joint venture in which RCF holds a 50% equity stake. The company is reviewing the NCLT order to decide on further action. RCF has stated that the order does not have any material impact on the company.
RCF clarifies there is no material impact on the company from the NCLT order. However, the resolution plan for the JV signals that FACT-RCF Building Products was undergoing insolvency proceedings, which is a negative development for the JV entity though RCF maintains it is not financially significant.