Rashtriya Chemicals and Fertilizers fine: The state-owned fertiliser company informed exchanges on August 26, 2026, through a BSE filing that BSE Limited and the National Stock Exchange of India Limited have each imposed a fine of Rs 7,89,420 for non-compliance with specified SEBI listing regulations during the quarter ended June 30, 2026.

Rashtriya Chemicals and Fertilizers Ltd, or RCF, said it received notices dated August 25, 2026, from both stock exchanges. The action relates to non-compliance with Regulations 17(1), 18(1), 19(1)/19(2) and 21(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rules cited by the stock exchanges

The cited provisions concern the composition of the board and key board committees under SEBI LODR. The filing identified the following regulations in the exchange notices:

  • Regulation 17(1), relating to the composition of the board of directors.
  • Regulation 18(1), covering the composition of the audit committee.
  • Regulations 19(1) and 19(2), concerning the nomination and remuneration committee.
  • Regulation 21(2), relating to the composition of the risk management committee.

The filing records the financial implication as Rs 7,89,420 each for the fines levied by NSE and BSE. It does not provide further operational or financial effects beyond these penalties.

RCF to seek waiver of fines

RCF said it is in the process of filing applications for waiver of the fines imposed by NSE and BSE. The company did not disclose an outcome or timeline for those applications.

According to the annexure, RCF received the BSE communication at 7:01 pm on August 25, 2026, followed by the NSE communication at 9:54 pm the same day. The Regulation 30 disclosure was signed by Jai Bhagwan Sharma, Executive Director (Legal and Company Secretary). RCF is a Government of India undertaking and its equity is identified on the exchanges under BSE code 524230 and NSE symbol RCF.

Source: BSE corporate announcement.