Rashtriya Chemicals and Fertilizers Limited has informed the Exchange regarding 'disclosing Disclosure on outstanding default on loans and debt securities'.
RCF · price
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Awaiting price reaction for this filing.
Rashtriya Chemicals and Fertilizers (RCF), a Government of India undertaking, reported the outcome of its August 12, 2025 board meeting. The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report by statutory auditors M/s Parakh & Co. The company disclosed NIL default on its loans and debt securities as of June 30, 2025, against total financial indebtedness of Rs 3,515.35 crore (all from bank/financial institution loans and revolving facilities). The board also approved the issuance of secured/unsecured non-convertible debentures of up to Rs 1,100 crore through private placement over the next twelve months, subject to shareholder approval. Additionally, M/s Bhandari & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30).
Positive: The company has no defaults on its debt obligations, signalling healthy debt servicing. The planned Rs 1,100 crore NCD issuance will raise fresh capital but also increase leverage; shareholders should watch the terms and purpose once details are disclosed.