Rashtriya Chemicals and Fertilizers Ltd said in a BSE filing dated September 26, 2026, that shareholders approved the RCF FPO of up to Rs 1,500 crore at its 48th Annual General Meeting held on September 25, 2026. The proposed fundraising will comprise a fresh issue of equity shares and remains subject to government approvals.

Shareholders passed the fundraising proposal through a special resolution. The company specified that it requires approval from the Department of Fertilizers and the Department of Investment and Public Asset Management (DIPAM) before proceeding with the proposed offering.

The disclosure records shareholder approval for the Further Public Offering; it does not announce an issue opening date, offer price or the number of equity shares to be issued. It also does not specify how the proposed proceeds will be used.

Shareholders approve memorandum changes

At the same meeting, shareholders approved a separate special resolution covering amendment of the Main Objects Clause and adoption of the company's Memorandum of Association in accordance with the Companies Act, 2013. RCF enclosed the amended memorandum with its exchange disclosure.

The main objects set out in the document cover several business areas:

  • Fertilizers, chemicals, engineering services and agricultural inputs, including bio-fertilizers, crop protection products and plant nutrients.
  • Power generation from renewable, conventional and non-conventional sources, including waste heat recovery systems.
  • Sewage and effluent treatment, water purification, recycling, wastewater management and dealing in treated water.
  • Explosives, ammunition and allied products for lawful purposes, subject to applicable laws, regulations and licences.

Other provisions in the amended document

The memorandum also includes provisions for participation in businesses connected with sustainable agriculture, environmental engineering and renewable energy, alongside fertilizers and chemicals. It covers acquiring, developing, licensing and commercially using intellectual property related to these activities.

Provisions supporting the main objects include storage and distribution facilities, subsidiaries and joint ventures, training and research, and commercial use of company assets through structures such as REITs and InvITs, subject to applicable laws.

The document states an authorised share capital of Rs 800 crore, divided into 80 crore equity shares of Rs 10 each. The filing does not describe this capital figure as a fresh increase approved at the meeting.

Source: BSE corporate announcement.