AGM/EGM26 Sept 2026, 02:00 pm
RCF Shareholders Approve Rs 1,500 Cr Further Public Offering
AI Summary
Rashtriya Chemicals and Fertilizers Ltd (RCF) announced that its shareholders, at the 48th Annual General Meeting held on September 25, 2026, approved two significant special resolutions. Firstly, the company's Memorandum of Association (MOA) has been amended to align with the Companies Act, 2013. Secondly, RCF received approval to raise up to Rs 1,500 Crore through a Further Public Offering (FPO) of equity shares. This FPO is subject to the necessary approvals from the Department of Fertilizers and DIPAM. The amended MOA has been enclosed with the filing.
Key Highlights
- Shareholders approved MOA amendment aligning with Companies Act, 2013.
- Company authorized to raise up to Rs 1,500 Crore via FPO.
- FPO subject to approvals from Department of Fertilizers and DIPAM.
- AGM held on September 25, 2026, approved resolutions via special majority.
Price Impact
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