Rashtriya Chemicals and Fertilizers Limited (RCF) announced on July 7, 2026, that its Board of Directors has approved a proposal to raise funds aggregating up to ₹1,500 Crore through a Further Public Offering (FPO) of Equity Shares. This fundraising initiative is subject to the approval of RCF's shareholders, the Department of Fertilizers, Government of India, and the Department of Investment and Public Asset Management (DIPAM). In addition to the FPO, the Board also approved amendments to the Main Objects Clauses and the adoption of the Memorandum of Association (MoA) of the Company, in line with the Companies Act, 2013. These changes are also contingent upon shareholder and government approvals. The Board meeting commenced at 11:30 am and concluded at 1:15 pm. The detailed amendments to the MoA include renaming and renumbering of various clauses to encompass a broader scope of business activities, including power generation, water management, manufacturing of explosives, agro-based products, acting as agents for government entities, investing in related businesses, managing intellectual property, acquiring real estate, establishing warehousing and logistics facilities, lending to subsidiaries, and managing banking operations. These changes aim to align the company's objectives with its evolving business strategies and potential future ventures.
