Rashtriya Chemicals and Fertilizers Limited has informed the Exchange about Action(s) initiated or orders passed
RCF · price
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Rashtriya Chemicals and Fertilizers Limited has received notices from both NSE and BSE dated May 27, 2026 regarding non-compliance with Regulation 17(1) of SEBI LODR Regulations for the quarter ended March 31, 2026. Both stock exchanges have imposed a fine of Rs. 5,31,000/- each on the company. The total financial implication is Rs. 10,62,000/-. The company has stated it is in the process of filing applications for waiver of these fines with both exchanges.
The fine amount of approximately Rs. 10.62 lakh is relatively small for a large PSU like RCF, but the non-compliance with board composition norms (Regulation 17(1) typically relates to board independence and composition requirements) could raise governance concerns among investors.