MADRASFERT2026-04-012026-06-30MADRASFERT2026-04-012026-06-30in-capmkt:OtherExpenses1MemberMADRASFERT2026-04-012026-06-30in-capmkt:OtherExpenses2Memberiso4217:INRiso4217:INRxbrli:shares000000MADRASFERTNOTLISTEDINE414A01015MADRAS FERTILIZERS LIMITEDMain BoardEquity2026-04-012027-03-312026-08-112026-08-04INRLakhsQuarterlyFirst quarterSingle segmentManufacturing of Chemical Fertilizers2026-08-1112:00:002026-08-1114:45:00Not applicablefalsefalseNIL2026-04-012026-06-30UnauditedStandalone81401000001245000008264600000498380000034800000-23060000026560000015350000036200000256050000078038000004608000000460800000118600000-37000001149000000345900000000034590000003459000001611000000102.152.15002.152.151. The above financials results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 11th August, 2026. The results of the Quarter ended June 30, 2026, have been subjected to Limited Review by the Statutory Auditors. 2. The Financial Results have been prepared in accordance with the applicable Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 (the "Act") read with relevant Rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'). The Financial Results for the quarter ended June 30, 2026 have been reviewed and recommended by the Audit Committee and approved by the Board of Directors of the company in their respective meetings held on Aug 11, 2026. 3. During the quarter ending June 30, 2026, there was a shut-down of plants as detailed hereunder: <br /> Plant Number of days Reason <br /> Ammonia Plant 11.96 Attended to equipment breakdowns. During this period, the statutory inspection of the boilers was also carried out. <br /> Urea Plant 12.23 Attended to equipment breakdowns. During this period, the statutory inspection of the boilers was also carried out. <br /> Complex Fertilizer Plants Entire quarter Safety concerns and Manpower shortage. <br /> 4. Fertilizer manufacture is the only main business segment and trading operations are less than 10% of the total revenue. Further, the Company is engaged in providing and selling its products in single economic environment in India i.e., there is a single geographical segment. Hence, there is no requirement of segment reporting for the Company as per Ind AS 108 (Segment Reporting). 5. The revenue from operations of Rs. 81,400.81 Lakhs for the quarter ended June 30, 2026 includes the following: a. Rs. 66,916 Lakhs towards subsidy for Neem coated Urea and b. Rs. 1,679 Lakhs for freight subsidy. <br /> The subsidy eligible for Neem-coated urea has been arrived at by the Company in accordance with policy parameters framed by the Govt. of India (GOI). The rate adopted by the Company for accounting the subsidy claim amounted to Rs. 55,397 per MT. The said rate is subject to variation upon final determination of rates by the GOI under new pricing scheme. The impact on the variation of subsidy rate will be given effect to in the accounts as and when the same is notified by the GOI. <br /> 6. The Company has defaulted in the repayment of principal and interest thereon on the loans taken from the GOI. Further, the Company has placed a request to the Department of Fertilizers (DOF), Government of India (GOI), seeking waiver of accrued interest and penal interest on loans extended by the GOI, along with conversion of the principal loan amount into borrowings repayable over a period at zero percent interest, as part of the proposed revival package. The DOF has communicated to the Company that, in light of the new Public Sector Enterprise (PSE) policy under Atmanirbhar Bharat, the requested financial revival proposal has been temporarily placed on hold. The Company has been advised to submit a fresh proposal. Subsequent to this communication, the Company has reiterated to the DOF, with detailed reasoning, that the benefits envisaged under the earlier revival package would remain unchanged. Pending receipt of approval, the Company has continued to recognise interest costs on the loans obtained from the GOI and no repayments have been effected during the quarter ended June 30, 2026. 7. Subsidy under New Pricing Scheme (NPS for Urea) -Approval awaited for extension of existing energy norm: MFL vide letter No.CMD/Govt/612/2024 dated June 12, 2024 and CMD/Govt/457/2025 dated April 22, 2025 requested Government of India to extend the existing energy norm of 8.337 Gcal/MT of Urea till energy reduction measures are implemented. Pending the approval for the above request, as a prudent measure, the Company has accounted for the subsidy after considering the maximum penalty of 10% from the existing energy norm of 8.337 Gcal/MT w.e.f. 18.07.2024. The said penalty of Rs. 8,026 lakhs on an estimated basis, has been considered as a deduction in subsidy income for the quarter ending June 30, 2026. <br /> 8. The provision for liability towards gratuity, post-retirement benefits and leave encashment has been made on an estimated basis for the reporting period, as such liabilities shall be computed annually by an independent actuary using the projected unit credit method. <br /> 9. In the absence of the requisite number of independent directors and woman director, the regulations relating to the composition of Board of Directors as stipulated in the provisions of Section 149 of the Act and Regulation 17 read with Schedule II of the Listing Regulations as such have not been complied with. The Company is yet to fulfil the requirements leading to penalties being imposed by the Stock Exchange. Since the appointment of independent directors and woman director are beyond the control of the Company, the Company has requested the Department of Fertilizers to appoint such directors. Further, the Financial Results for the quarter ended June 30, 2026 have been approved on 11th August 2026 by the Board of Directors of the Company on the recommendation of the Audit Committee of the Company, being reconstituted without having the requisite number of independent directors as required in terms of the Listing Regulations, since the term got completed for two of the Company’s independent directors on 16th April 2026 and the remaining one Independent Director’s term also got completed on 19th June 2026. <br /> 10. The figures for the quarter ended March 31, 2026 are the balancing figures between audited figures in respect of the full financial year and the limited reviewed year to date figures up to the quarters ended December 31, 2025. <br /> 11. Previous period figures have been regrouped /reclassified and re-presented, wherever necessary to conform to current period's classification. Rebates given to the customers for timely payment were netted off against the revenue, which previously were reported as part of finance cost. <br /> By order of the Board <br /> <br /> <br /> <br /> Date: August 11, 2026 Manoj Kumar Jain <br /> Place: Chennai Chairman & Managing Director <br /> <br /> <br /> Operating and maintenance expenses2498400000Other Expenses62100000