Madras Fertilizers Ltd Company History

Government of India approves for the financial restructuring of Madras Fertilizers.

Mr. Pawan Kumar Wadhwa and Mr. Suresh Chandra are ceased to be the Directors

and Mr. M R Sharma is being appointed as the Directors on the Board of the company.

Mr Sukumar N Oommen appointed as the Chairman and MD of the company.

National Iranian Oil Company grants No Objection Certificate to the government for the

sell off of Madras Fertilizers Ltd.

Mr. Vijay Singh and Mr. S M Mortazavi are ceased to be the Directors of the company.

Mr. Suman Swarup and Mr. Malmood vaezi are appointed as Directors.

Financial restructuring package as follows:

a. Waiver of outstanding interest amounting to Rs 706.5 million as on March 31, 2003 on the outstanding loan of Rs 2199.7 million, drawn from GOI by MFL.

b. Moratorium on principle repayment of the GOI loan of Rs 2199.7 million drawn by MFL upto March 31, 2004.

c. Waiver of penal interest for past defaults in repayment of principle and interest of GOI loan up to March 31, 2003.

The stock leaps 9.8% on account of financial restructuring.

MFL gets Union government permission for second round of Financial Assistance and

Capital Restructuring.

As part of restructuring programme the government approves for the reduction in interest

from 15.10% to 7% on outstanding GOI loan.

Shri P S Prasad, Nominee Director (ICICI Bank) has been appointed in place of Shri P M Kale, Nominee Director (ICICI Bank).

ING Vysya Life signed an agreement with public sector Madras Fertiliser Ltd (MFL) to sell its life insurance policies to farmers, using the fertiliser company's dealer network in rural sector

Madras Fertilizers Ltd enters into one-time settlement agreement with ICICI Bank, which will benefit the MFL to the tune of Rs 18.95 crore as of March 31, 2005.

Company has created Email ID of the Grievance Redressal Division/Compliance Officer for this purpose -

[email protected]

and also a website called www.madrasfert.nic.in.

Madras Fertilizers Ltd has informed that "The Government of India vide its letter No. 84/2/2007-HR-I dated July 21, 2008 has appointed Shri S Muralidharan, as Chairman & Managing Director in place of Shri G S Mangat, CMD,

Shri M S Mathews has been appointed as a Director - Technical of the company.

Dr. V. Rajagopalan has been appointed as a Director of the company.

MFL had been awarded ISO 9002 Certification for the Quality Management System in the year 1995 and this Certification is renewed five times between 1998 and 2010. The latest QMS Certificate (ISO 9001:2008) is valid up to December 2016. MFL has upgraded the latest 2008 version in the year 2010.

Dr I Vijayakumar has been appointed as a Compliances Officer of the Company.

Shri V Muralidharan has been appointed as Company Secretary of the company.

MFL sucessfully completed the feed stock conversion from Naphtha to RLNG during the year 2019.

MFL has own Environmental Management System certification (ISO 14001:2015) valid upto November 29,2020.