The National Company Law Tribunal (NCLT), Kochi Bench, has approved the Resolution Plan for the Joint Venture Company, FACT-RCF Building Products Limited. Rashtriya Chemicals and Fertilizers Limited holds a 50% equity stake in the company. The order was dated September 26, 2025. The company is currently reviewing the order for further appropriate action. The approval is not expected to have a material impact on the company.
Resolution Plan Approved
The Resolution Plan for FACT-RCF Building Products Limited has been approved by the National Company Law Tribunal (NCLT), Kochi Bench, through an order dated September 26, 2025. The approval was received by the company today, September 30, 2025.
Company Stake
Rashtriya Chemicals and Fertilizers Limited holds a 50% equity stake in FACT-RCF Building Products Limited. The company is currently reviewing the details of the order.
Minimal Material Impact
The approval of the Resolution Plan is not expected to have any material impact on the operations or financial standing of Rashtriya Chemicals and Fertilizers Limited.
Source: BSE
