Rashtriya Chemicals and Fertilizers Limited (RCF) held a Board of Directors meeting on July 7, 2026, which commenced at 11:30 am and concluded at 3:15 pm. The Board considered and approved two key items:

1. Fundraising through Further Public Offering (FPO)

The Board approved raising funds by way of a Further Public Offering through a fresh issue of Equity Shares aggregating up to ₹1,500 Crore (Rupees One Thousand Five Hundred Crore only). This approval is subject to receipt of the following approvals:

  • Shareholders of the Company
  • Department of Fertilizers, Government of India
  • Department of Investment and Public Asset Management (DIPAM)

2. Amendment of Memorandum of Association

The Board approved the amendment of Main Objects Clauses and adoption of the Memorandum of Association of the Company in accordance with the provisions of the Companies Act, 2013. This approval is subject to receipt of approval from:

  • Shareholders of the Company
  • Department of Fertilizers, Government of India

Detailed Changes to Memorandum of Association

The amendment involves significant restructuring and expansion of the company's objects clause:

A. Renaming of Clauses:

  • Clause III(A) renamed to "THE OBJECTS TO BE PURSUED BY THE COMPANY ON ITS INCORPORATION ARE:"
  • Clause III(B) renamed to "MATTERS WHICH ARE NECESSARY FOR FURTHERANCE OF THE OBJECTS SPECIFIED IN CLAUSE III(A) ARE:"

B. Reclassification:

  • All three clauses from existing Clause III(C) (Other Objects) will be incorporated into Clause III(B)

C. Expansion of Clause III(A):

  • Increased from two clauses to ten clauses
  • Two new clauses inserted (Clauses 4 and 6)
  • Six clauses from existing III(B) reclassified to III(A) with modifications:
  • Existing clause 6 modified and renumbered as Clause 3: Power generation from renewable, conventional and non-conventional energy sources including waste heat recovery
  • New Clause 4: Sewage treatment plants, effluent treatment plants, water purification, recycling and waste water management systems
  • Existing clause 11 modified and renumbered as Clause 5: Manufacturing and dealing in explosives, industrial explosives, ammunition, fireworks
  • New Clause 6: Manufacturing and dealing in agro-based products, agro-chemicals, fertilizers, organic fertilizers, bio-fertilizers, agricultural inputs
  • Existing clause 18 modified and renumbered as Clause 7: Acting as agents, distributors or State Trading Enterprises for governments and manufacturers
  • Existing clause 22 modified and renumbered as Clause 8: Promoting and investing in businesses engaged in fertilizers, chemicals, sustainable agriculture, environmental engineering, renewable energy
  • Existing clause 28 modified and renumbered as Clause 9: Dealing in patents, trademarks, copyrights, technical know-how, intellectual property rights
  • Existing clause 13 modified and renumbered as Clause 10: Acquiring real estate, lands, properties, rights and privileges

D. New Clauses in III(B):

  • Inserted new Clause 14: Operating banking accounts with banks and financial institutions

E. Modified and Renumbered Clauses:

  • Existing clause 3 modified and renumbered as Clause 15: Manufacturing, storing, maintaining, selling all kinds of articles and things
  • Existing clause 16 modified and renumbered as Clause 25: Establishing training institutions and managing training programmes
  • Existing clause 19 modified and renumbered as Clause 27: Subscribing, purchasing, acquiring shares, stocks, debentures in other companies
  • Existing clause 30 modified and renumbered as Clause 36: Leasing, licensing, monetizing movable or immovable properties through REITs, InvITs
  • Existing clause 33 modified and renumbered as Clause 39: Investing surplus funds in various investments and securities
  • Existing clause 34 modified and renumbered as Clause 40: Borrowing, raising money, issuing debentures, managing foreign exchange risks
  • Existing clause 47 modified and renumbered as Clause 53: Acquiring shares, right to use manufacturing, putting up telecommunications apparatus

The disclosure is made in accordance with Regulation 30 read with Part A of Schedule III of SEBI LODR Regulations, 2015.