Nagarjuna Fertilizers and Chemicals Limited — Board Meeting, 12-11-2024: Outcome of Board Meeting

The Board of Directors of Nagarjuna Fertilizers and Chemicals Limited has approved the un-audited financial results for the quarter and half-year ended September 30, 2024. The results show a revenue from operations of ₹93.03 lakh for the quarter, totaling ₹87,201.04 lakh for the half-year, marking a decline compared to the previous period. The company reported a loss before tax of ₹2,046.39 lakh for the quarter, driven by significant operational challenges following the discontinuation of its fertilizer and micro-irrigation businesses. The ongoing financial strain has raised concerns about the company's going concern status. The Board will continue to evaluate potential avenues for business revival moving forward.