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Nagarjuna Fertilizers and Chemicals posted a profit before tax of Rs 2,434.76 Cr for the year, boosted by asset sales and debt remission, reversing prior losses. However, operations stopped from June 2024 after selling core assets to lenders, raising going concern questions. Current liabilities exceed assets by over Rs 860 Cr, with significant disputed claims including an ongoing arbitration with GAIL. Agri Vestors Pvt Ltd has become the new promoter, acquiring a 45.44% stake, replacing Amlika Mercantile Pvt Ltd. The company is focused on subsidy claims and legal actions to shore up liquidity.
All announcements from Nagarjuna Fertilizers and Chemicals Limited