Rashtriya Chemicals and Fertilizers Limited has informed the Exchange regarding 'receipt of notice from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) dated February 27,2026 regarding non- compliance with the provisions of Regulation 17(1) of SEBI LODR Regulations for the quarter ended December 31,2025 and has been imposed with a fine of Rs. 5,42,800/- each for such non-compliance '.
RCF · price
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Awaiting price reaction for this filing.
Rashtriya Chemicals and Fertilizers (RCF) has received notices from both NSE and BSE dated February 27, 2026 for non-compliance with Regulation 17(1) of SEBI LODR Regulations, which deals with the composition of the Board of Directors (such as requirement of independent directors and woman director). Each exchange has imposed a fine of Rs. 5,42,800/- for the quarter ended December 31, 2025. The company has stated that it is in the process of filing an application seeking waiver of these fines. RCF is a Government of India undertaking in the fertiliser sector.
The financial impact is negligible — a total fine of about Rs. 10.86 lakh is immaterial for a large PSU like RCF. However, the underlying issue is a board composition shortfall which investors should monitor. The fine is purely a technical/compliance penalty and the company is seeking a waiver, so the stock price is unlikely to be materially affected.