This disclosure is an update on ongoing litigation, made pursuant to Regulation 30 of the SEBI Listing Regulations.
Nature of the Event
Update on a legal proceeding following a Supreme Court order.
Background and Key Quantitative Figures
The company had previously filed a writ petition before the Hon'ble High Court of Delhi against the Department of Fertilizers (DoF), Ministry of Chemicals and Fertilizers, Government of India. The petition sought the release of a subsidy claim amounting to ₹53.50 crore, along with applicable interest, under the Nutrient Based Subsidy (NBS) Policy.
On May 16, 2025, the company had informed the exchanges that the Hon'ble High Court of Delhi had allowed its writ petition and directed the DoF to release the subsidy amount.
The Department of Fertilizers subsequently challenged this judgment of the High Court by filing an appeal before the Hon'ble Supreme Court.
Details of Development and Current Status
The Hon'ble Supreme Court, vide its order dated 07th August 2026, has dismissed the appeal filed by the Department of Fertilizers.
This dismissal upholds the direction of the Hon'ble High Court of Delhi, which had ordered the DoF to release the subsidy claim to the company.
Financial Impact
The disclosure confirms the company's entitlement to a subsidy of ₹53.50 crore, plus applicable interest. The order directs the release of these funds.