Rashtriya Chemicals and Fertilizers Limited (RCF) has been penalized by both the National Stock Exchange (NSE) and BSE Limited for non-compliance concerning the quarter ending December 31, 2025. The company received notices dated February 27, 2026, regarding a violation of Regulation 17(1). Each exchange imposed a fine of Rs. 5,42,800/-. RCF is currently in the process of applying for a waiver of these penalties.
Regulatory Penalty Imposed on RCF
Rashtriya Chemicals and Fertilizers Limited (RCF) has disclosed the imposition of monetary penalties by the stock exchanges following communications received on February 27, 2026. The governing body under which the non-compliance was noted was the applicable LODR regulation for the period ending December 31, 2025.
Details of the Fines
Both the National Stock Exchange of India Limited (NSE) and BSE Limited levied an identical fine on the company. The financial implication amounts to Rs. 5,42,800/- per exchange, totaling Rs. 10,85,600/-.
Timeline of Receipt
The official direction from the exchanges was received late on February 27, 2026, specifically at 17.50 pm (BSE) and 22.17 pm (NSE), pertaining to a breach identified in Regulation 17(1) of the Listing Obligations and Disclosure Requirements.
Company Response and Mitigation
The management has confirmed that the core issue relates to non-compliance with a specific provision for the specified quarter. Regarding the monetary impact, the company is actively engaged in filing an application with the exchanges to seek a waiver of the fines levied by both the NSE and BSE.
Source: BSE
