
Rashtriya Chemicals and Fertilizers Ltd (RCF) has approved a proposal to raise up to ₹1,500 crore through a Further Public Offering (FPO) comprising a fresh issue of equity shares. The decision was taken at the board meeting held on July 7, 2026.
The fundraising plan will require approval from shareholders, the Department of Fertilizers and the Department of Investment and Public Asset Management (DIPAM) before it can be implemented.
The board has also approved amendments to the company's Memorandum of Association (MoA). The proposed changes reorganise several existing clauses and introduce new business objects under the Companies Act, 2013.
According to the filing, the revised MoA is intended to show a range of activities that the company may undertake in future, subject to the necessary approvals.
Among the proposed amendments is a provision allowing RCF to commercially use its movable and immovable assets.
The revised clause permits the company to lease, license or monetise land and operational assets through structures such as Real Estate Investment Trusts (REITs), Infrastructure Investment Trusts (InvITs), trusts and special purpose vehicles, wherever permitted under applicable regulations.
The revised MoA includes new provisions covering renewable and conventional power generation, waste heat recovery, sewage treatment, effluent treatment, and water recycling.
It also adds activities related to agrochemicals, bio-fertilisers, organic fertilisers, crop protection products, seeds, micronutrients, and other agricultural inputs.
Other proposed clauses cover warehousing, logistics facilities, cold storage, subsidiaries, joint ventures and intellectual property rights.
The amendments also include provisions relating to investment of surplus funds, borrowing through various instruments, treasury and foreign exchange risk management, staff training, banking operations and acquisition of land and infrastructure for business purposes.
Several existing clauses have been renumbered or modified as part of the proposed restructuring of the MoA.
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As of July 8, 2026, 2:06 pm, Rashtriya Chemicals and Fertilizers Ltd (RFC) share price was trading at ₹130.76, down 0.11% from the previous closing price.
The company has initiated proposals covering equity fundraising and amendments to its constitutional document. Both measures remain subject to the applicable regulatory and shareholder approvals.
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Published on: Jul 8, 2026, 2:58 PM IST

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