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RCF Appoints Shivakumar Subramaniam as Chairman & Managing Director Until 2030
Rashtriya Chemicals and Fertilizers Limited (RCF) has appointed Shri. Shivakumar Subramaniam as the new Chairman & Managing Director (CMD) effective February 13, 2026. He replaces Ms. Nazhat J. Shaikh, who was holding the additional charge of the post. Mr. Subramaniam is an internal veteran with over 27 years of experience in the fertilizer industry, having joined RCF in 1998. His tenure is scheduled to last until his superannuation on July 31, 2030, ensuring long-term leadership stability.
Key Highlights
Shri. Shivakumar Subramaniam appointed as CMD effective February 13, 2026
The appointment term is fixed until his superannuation on July 31, 2030
New CMD brings 27+ years of experience in treasury, taxation, and fertilizer policy
Ms. Nazhat J. Shaikh ceases to hold the additional charge of CMD effective immediately
💼 Action for Investors
The appointment of an internal veteran as a full-time CMD is a positive sign for leadership stability and operational continuity. Investors should monitor for any shifts in corporate strategy or project execution under the new leadership.
RCF Appoints Shivakumar Subramaniam as Chairman & Managing Director till July 2030
Rashtriya Chemicals and Fertilizers Limited (RCF) has appointed Shri. Shivakumar Subramaniam as the new Chairman & Managing Director (CMD) effective February 13, 2026. He replaces Ms. Nazhat J. Shaikh, who was holding the additional charge of the post. Subramaniam is an internal veteran with over 27 years of experience at RCF, having joined the company in 1998. His tenure is scheduled to continue until his superannuation on July 31, 2030.
Key Highlights
Shri. Shivakumar Subramaniam appointed as CMD effective February 13, 2026, until July 31, 2030.
The appointee has over 27 years of experience in the fertilizer industry, specializing in finance, taxation, and corporate strategy.
He has been with RCF since 1998, starting as a Senior Officer in the Finance department.
Ms. Nazhat J. Shaikh's additional charge as CMD ceased effective February 13, 2026.
💼 Action for Investors
The appointment of an internal veteran with deep financial and operational expertise is a positive sign for continuity. Investors should monitor for any new strategic directions or improvements in project execution under the new leadership.
RCF Declares Interim Dividend of ₹1 Per Share; Sets Record Date for Feb 20, 2026
Rashtriya Chemicals and Fertilizers Limited (RCF) has announced an interim dividend of ₹1 per equity share (10% of face value) for the financial year 2025-26. The company has fixed Friday, February 20, 2026, as the record date to determine shareholder eligibility for the payout. The announcement includes detailed tax deduction at source (TDS) guidelines, noting a 10% rate for residents with valid PANs and a 20% rate for those without. Shareholders must submit necessary tax exemption forms like 15G/15H by the record date to avoid higher withholding taxes.
Key Highlights
Interim dividend declared at ₹1 per equity share of ₹10 face value (10%) for FY 2025-26.
Record date for dividend eligibility is fixed as February 20, 2026.
Standard TDS of 10% applies to resident individuals if dividend exceeds ₹10,000 and PAN is linked.
A higher TDS rate of 20% will be deducted for shareholders with inoperative or missing PAN details.
Deadline for submitting tax-related documents (Form 15G/15H/10F) is February 20, 2026.
💼 Action for Investors
Investors should ensure their PAN is linked with Aadhaar and bank details are updated with their DP by February 20 to receive the dividend and avoid 20% TDS. Eligible shareholders should submit Form 15G/15H via the MUFG Intime portal before the deadline.
RCF Q3 PAT Rises Marginally to ₹81.37 Cr; Declares ₹1 Interim Dividend
Rashtriya Chemicals and Fertilizers (RCF) reported a marginal year-on-year increase in standalone net profit to ₹81.37 crore for the quarter ended December 31, 2025. While revenue from operations declined 6.2% YoY to ₹4,236.44 crore, the company's nine-month (9M FY26) performance showed a robust 42.7% growth in PAT to ₹241.18 crore. The Board has declared an interim dividend of ₹1 per share (10% of face value), with the record date set for February 20, 2026. The results were supported by an estimated subsidy income of ₹218.65 crore for the quarter.
Key Highlights
Standalone Net Profit for Q3 FY26 rose to ₹81.37 crore vs ₹79.65 crore in Q3 FY25.
Revenue from operations stood at ₹4,236.44 crore, down from ₹4,518.35 crore YoY.
Interim dividend of ₹1.00 per equity share (10%) declared for the financial year 2025-26.
9M FY26 PAT reached ₹241.18 crore compared to ₹168.98 crore in the previous year's nine-month period.
Subsidy income of ₹218.65 crore recognized in Q3 on an estimated basis for imported P&K fertilizers.
💼 Action for Investors
Investors may find the dividend and 9M profit growth encouraging, but should monitor the ongoing ₹80.57 crore gas pooling price dispute with GAIL and the Department of Fertilizers.
RCF Declares Interim Dividend of Rs 1 Per Share; Sets Record Date for Feb 20, 2026
Rashtriya Chemicals and Fertilizers Limited (RCF) has declared an interim dividend of Rs 1 per equity share, representing 10% of the face value of Rs 10, for the financial year 2025-26. The company has fixed February 20, 2026, as the record date to identify eligible shareholders for this payout. The dividend is scheduled to be disbursed electronically to shareholders on or before March 13, 2026. Alongside the dividend, the board approved the unaudited financial results for the quarter ended December 31, 2025, and confirmed no defaults on its debt obligations.
Key Highlights
Interim dividend declared at Rs 1 per equity share (10% of face value of Rs 10)
Record date for dividend eligibility fixed as Friday, February 20, 2026
Dividend payment to be completed via electronic mode on or before March 13, 2026
Board approved unaudited standalone and consolidated financial results for Q3 FY26
Confirmed zero defaults on loans, revolving facilities, or debt securities
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date, typically one business day prior to the February 20 record date. The announcement reinforces RCF's status as a consistent dividend-paying PSU.
RCF Declares Interim Dividend of Rs 1 Per Share; Sets Record Date for Feb 20, 2026
Rashtriya Chemicals and Fertilizers (RCF) has declared an interim dividend of Rs 1 per equity share for the financial year 2025-26, representing 10% of the face value. The company has fixed February 20, 2026, as the record date to determine shareholder eligibility for this payout. The dividend is scheduled to be paid electronically to eligible shareholders on or before March 13, 2026. Additionally, the board approved the un-audited financial results for the quarter ended December 31, 2025, and confirmed no defaults on debt obligations.
Key Highlights
Interim dividend declared at Rs 1.00 per equity share (10% of face value of Rs 10).
Record date for dividend eligibility established as February 20, 2026.
Dividend payment to be completed via electronic mode by March 13, 2026.
Board approved un-audited standalone and consolidated financial results for Q3 FY26.
Company reported zero defaults on loans, revolving facilities, and debt securities.
💼 Action for Investors
Investors interested in the dividend should ensure they hold the shares before the record date of February 20, 2026. It is also advisable to review the detailed Q3 financial results to assess the company's operational performance and margin trends.
RCF Approves ₹865.25 Crore Investment for New 300 MTPD Phosphoric Acid Plant at Thal
Rashtriya Chemicals and Fertilizers (RCF) has received in-principle board approval to establish a new Phosphoric Acid Plant at its Thal Unit in Maharashtra. The project involves a significant capital expenditure of approximately ₹865.25 crore with a proposed capacity of 300 Metric Tonnes Per Day (MTPD). This move is strategically aimed at strengthening the company's backward integration and reducing dependency on imported or external raw materials. The project is expected to be completed within 24 months from the issuance of the Letter of Intent and will be financed through a mix of debt and equity.
Key Highlights
In-principle approval for a new 300 MTPD Phosphoric Acid Plant at Thal Unit, Alibag
Estimated investment outlay of approximately ₹865.25 crore
Project completion timeline set at 24 months from the date of Letter of Intent
Financing to be structured through a combination of debt and equity
Strategic rationale focused on enhancing backward integration for fertilizer production
💼 Action for Investors
Investors should monitor the project's execution timeline and its impact on long-term margin improvement through backward integration. The significant capex indicates a strong growth outlook, though debt levels should be watched.
RCF Q3 PAT Rises to ₹81.37 Cr; Declares ₹1.00 Interim Dividend
Rashtriya Chemicals and Fertilizers (RCF) reported a marginal 2.1% YoY increase in net profit to ₹81.37 crore for the quarter ended December 31, 2025, despite a 6.2% decline in revenue to ₹4,236.44 crore. The Board has declared an interim dividend of ₹1.00 per share (10%) with a record date of February 20, 2026. While the fertilizer segment showed improved profitability, the trading segment revenue saw a significant drop. Investors should monitor the ongoing ₹123.57 crore gas pooling dispute with GAIL and the Department of Fertilizers.
Key Highlights
Net Profit for Q3 FY26 stood at ₹81.37 crore versus ₹79.65 crore in the previous year's corresponding quarter.
Revenue from operations decreased to ₹4,236.44 crore from ₹4,518.35 crore YoY.
Declared an interim dividend of ₹1.00 per equity share for FY 2025-26.
Fertilizer segment results improved to ₹96.91 crore compared to ₹77.97 crore YoY.
Recognized ₹218.65 crore as estimated subsidy income for the quarter for imported P&K fertilizers.
💼 Action for Investors
Investors may hold the stock for the interim dividend and stable earnings performance. Keep a watch on the resolution of the gas pooling price differential which remains a pending receivable.
RCF Declares Interim Dividend of ₹1 Per Share for FY 2025-26
Rashtriya Chemicals and Fertilizers Limited (RCF) has declared an interim dividend of ₹1 per equity share, representing 10% of the face value for the financial year 2025-26. The company has fixed February 20, 2026, as the record date to determine shareholder eligibility for this payout. The dividend is scheduled to be paid to eligible shareholders on or before March 13, 2026. This announcement was made alongside the approval of the company's unaudited financial results for the quarter ended December 31, 2025.
Key Highlights
Interim dividend of ₹1 per equity share (10% of ₹10 face value) declared for FY 2025-26.
Record date for determining dividend eligibility is set for February 20, 2026.
Dividend payment to be completed via electronic mode on or before March 13, 2026.
Board approved unaudited standalone and consolidated financial results for Q3 FY26.
Company reported zero defaults on loans, revolving facilities, or debt securities.
💼 Action for Investors
Investors looking to benefit from the dividend should ensure they hold the shares before the record date of February 20, 2026. It is also advisable to review the accompanying Q3 financial results to evaluate the company's underlying profitability.
RCF Secures 20-Year Indian Patent for Innovative Fertilizer Coating System and Process
Rashtriya Chemicals and Fertilizers Limited (RCF) has been granted a patent by the Indian Patent Office for an invention titled 'A System and a Process for Coating a Fertilizer.' The patent, numbered 578371, was officially granted on January 16, 2026, with a 20-year term effective from March 19, 2024. This development strengthens RCF's intellectual property portfolio and highlights its focus on R&D-driven manufacturing improvements. The long-term exclusivity could provide a competitive advantage in the fertilizer market over the next two decades.
Key Highlights
Patent Number 578371 granted for a term of 20 years by the Government of India.
The patent covers a specific system and process for coating fertilizers to enhance product quality.
The grant is effective from March 19, 2024, providing protection until 2044.
This intellectual property milestone reflects RCF's commitment to technological innovation in the chemical sector.
💼 Action for Investors
This is a positive indicator of RCF's R&D strength; long-term investors should monitor if this technology leads to improved margins or new product launches.
RCF Appoints Ms. Nazhat J. Shaikh as CMD Following Retirement of S. C. Mudgerikar
Rashtriya Chemicals and Fertilizers Limited (RCF) has announced a leadership transition effective January 1, 2026. Ms. Nazhat J. Shaikh, the current Director (Finance), has assumed the additional charge of Chairman & Managing Director (CMD). This change follows the superannuation of the previous CMD, Shri S. C. Mudgerikar, who retired on December 31, 2025. Ms. Shaikh is a Chartered Accountant with over 30 years of experience in the fertilizer industry and has been with RCF since 1989.
Key Highlights
Ms. Nazhat J. Shaikh assumed the additional charge of CMD effective January 1, 2026.
Shri S. C. Mudgerikar retired from the post of CMD on December 31, 2025, upon superannuation.
Ms. Shaikh has over 30 years of experience in the fertilizer industry and has held senior roles including Director (Finance) at NFDC.
The appointment follows the government's entrustment of additional charge as per the letter dated November 25, 2025.
💼 Action for Investors
This is a routine management transition due to retirement. Investors should monitor for the appointment of a permanent CMD by the government to ensure long-term strategic stability.
RCF: Bombay HC sets aside arbitral award, ₹218.46 Cr refund ordered
The Bombay High Court has set aside an arbitral award favoring Rashtriya Chemicals and Fertilizers Limited (RCF) in a dispute with Thermax Limited. The court has directed RCF to refund ₹218,45,88,493 to Thermax, along with 6% interest per annum. This relates to a case regarding the breakdown of two Gas Turbo Generators. RCF is reviewing its options to protect the company's interests. The company has been granted four weeks to avail appropriate remedy.
Key Highlights
Bombay HC set aside arbitral award dated June 5, 2023
RCF to refund ₹218,45,88,493 to Thermax
Interest of 6% p.a. to be paid on the refunded amount
Order date: December 9, 2025
💼 Action for Investors
Investors should closely monitor RCF's legal strategy and potential financial impact of the refund and interest payment. This development introduces uncertainty and could affect future earnings.