Nagarjuna Fertilizers and Chemicals Limited Faces Penalty from SEBI
Nagarjuna Fertilizers and Chemicals Limited announced on March 25, 2026, that it has been penalized by the Securities and Exchange Board of India (SEBI) in relation to an arbitration award and its disclosure requirements. The company made submissions to the Adjudication Officer, who subsequently levied a penalty of Rs. 1,00,000.The penalty stems from an alleged non-compliance of Regulation 30(3) read with Regulation 30(4)(i)(c) read with disclosure of litigation/dispute read with Regulation 4(1)(h) of the Listing Obligations and Disclosure Requirements (LODR) Regulations, under Section 15A(b) of the SEBI Act, 1992.
According to a regulatory filing, the company has discontinued business operations and is not a going concern since June 2024, reporting no operational revenue. The financial impact of the fine has affected the company's finances.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of theAuthority | Adjudicating Officer, Securities and Exchange Board of India |
| 2 | Nature and details of the action(s) taken, initiated or order(s) passed. | Penalty of Rs. 1,00,000/- (Rupees One Lakh Only) under Section 15A(b) of SEBI Act, 1992. |
| 3 | Date of receipt of direction or order | March 24, 2026 |
| 4 | Details of the violation(s)/ contravention(s) committed or alleged to be committed. | Penalty of Rs. 1,00,000/- (Rupees One Lakh Only) under Section 15A(b) of SEBI Act, 1992. |
| 5 | Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible | The company has discontinued business operations and not a going concern since June, 2024, with no operational revenue. Consequently, the fine imposed effected the finances of the company. |
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