RCF Imposed Fines Following Non-Compliance Notice from Stock Exchanges
Rashtriya Chemicals and Fertilizers Limited, a Government of India Undertaking, has reported receiving notices from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) regarding non-compliance with regulatory provisions for the quarter ending March 31, 2026. The company confirmed that it has been imposed a fine of Rs. 5,31,000/- by both stock exchanges for the lapse.The non-compliance issue relates specifically to Regulation 17(1) of the Listing Obligations and Disclosure Requirements Regulations, 2015.
The financial implication of the penalty is Rs. 5,31,000/- each from the NSE and BSE. Following the imposition of the fines, Rashtriya Chemicals and Fertilizers Limited stated that it is in the process of filing an application seeking a waiver of the levies imposed by the stock exchanges.
The details of the imposed penalties are summarized below:
| Exchange Authority | Violation | Penalty Imposed | Financial Impact |
|---|---|---|---|
| National Stock Exchange of India Limited (NSE) | Non-Compliance with Regulation 17(1) | Fine of Rs. 5,31,000/- | Rs. 5,31,000/- |
| BSE Limited | Non-Compliance with Regulation 17(1) | Fine of Rs. 5,31,000/- | Rs. 5,31,000/- |
RCF Stock Price Movement
On Wednesday, shares of Rashtriya Chemicals and Fertilizers Limited edged higher to close at ₹132.68, finishing up 0.20% for the session. The equity traded on a volume of 2.09 million shares, settling within an intraday range of ₹131.62 to ₹134.4.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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