1) Ram Phosphates out of the woods: Outlook turning stable
8There is now reduced downside risk relative to the previous review cycle.
 
2) Deepak Fertilisers: Biggish tax demand
8But the company says there is past precedent of such demand, and “earlier years (demands) deleted by ITAT” to neutralise impact.
 
3) Nagarjuna Fertilizers: Promoter exits
8A promoter that already exited its stake now pulls its board nominees, triggering an immediate top leadership change.
 
4) Shree Pushkar: A promoter-linked warrant allotment locks in a future equity conversion path
8The company reports allotment of 7,36,196 fully convertible warrants to the promoter/JMD at Rs.407.50 per warrant, after receipt of the stipulated 25% subscription amount.

Prakash Lodha is an entirely new breed of fertilizer entrepreneurs
8He has unbridled ambition, his appetite for risk is far higher than his Indian counterparts
8Find out what makes him different from his fellow fertilizer entrepreneurs  

8NFCL is signalling that the Sr. Executive Director – Operations will exit at end-December 2025, and that the pathway was pre-agreed: resignation earlier for health reasons, but continuation until the fixed-term ended. That sequencing is meant to reassure markets that the exit is orderly rather than abrupt, while still meeting disclosure thresholds under listing rules.
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8Agromet advisory bulletin for Tarn Taran district [IMD]
8Agromet advisory service bulletin for the state of Uttarakhand [IMD]
8Closure of trading window for dealing in securities from January 1, 2026 [Deepak Fertilizer]
8Disclosure of gift of equity shares by immediate relative of director [SRL]
8Appointment of Shri Rajkumar Beniwal IAS as managing director and cessation of Dr T Natarajan IAS as managing director effective December 29, 2025 [GNFC]
8Cessation of sr. executive director operations Mr. R M Deshpande effective December 31, 2025 [NFCL]

8SAN has slipped Rs 9/kg over the past month, ending a weaker phase into late December

8Polycarbonate is steady compared with three months ago, showing little change through December. 

8PET has risen Rs 3/kg over the past fortnight after a steadier weekly finish

8Hydrochloric Acid is lower than last year, and the six-month view is also softer

8Acetonitrile is steady compared with three months ago, but it remains Rs 5/kg lower on a month view

8Melamine is higher by Rs 15/kg over the past fortnight, even after easing this week. 

8Trimethylolpropane is up Rs 2/kg on a month view, with day-to-day changes limited through December

8Formic Acid is down Rs 6.5/kg over the past month, moving away from late-November levels

8TOTM is down Rs 11/kg this week and remains substantially lower than three months ago

8DOA rose Rs 3/kg this fortnight, returning to the same level seen at the start of the month

8TEG is down Rs 8/kg this week, and it now sits at the weakest point seen in the past month. 

8Refrigerant R22 is higher by Rs 30/kg compared with three months ago, with December carrying the market to stronger numbers

8Polyurethane Resin for Sole slipped Rs 4/kg this week, but the month view remains firmer than late November

8PTMEG is up Rs 6/kg over the past month, with trading staying unusually steady for a specialty polymer grade

8Polymeric MDI MR200 rose Rs 15/kg this week, landing at the strongest level seen in the past month

8SAP is higher by Rs 116/kg over the past month, marking a strong change in the domestic market backdrop

8Dry Pulp is down Rs 1/kg over the past month, but this week was steady. 

8ECH is up Rs 2/kg over the past fortnight, adding a firmer tone into the late-December close

8NBA was unchanged this week, keeping the immediate tone calm for domestic buyers

8N P A C remains lower than last year even as near-term movement stayed limited