Nagarjuna Fertilizers and Chemicals Limited has responded to a news item published in the newspapers regarding potential asset sales. The company clarified that there are no ongoing negotiations related to the sale of assets. It also stated that the company is unaware of any information that has not been announced to the exchanges which could explain any unusual trading activity.

In a previous disclosure dated July 12, 2024, the company had announced that Assets Care and Reconstruction Enterprise Limited (ACRE), the secured creditor, had taken possession of all assets on October 12, 2023. ACRE had recovered ₹1685 Crores from the sale of core assets (Urea and MI facilities) and ₹200 Crores from non-core assets, totaling ₹1885 Crores. This amount was towards full and final settlement of the debt outstanding of ₹3858 Crores claimed by ACRE as of December 10, 2023. Consequently, ACRE had issued a No Due Certificate dated July 11, 2024, confirming NFCL's unconditional release from all liabilities, dues, or claims related to the outstanding debt and securities. The company currently has no term loans or working capital debt outstanding and is not in default with any secured lenders. The company is also exploring a urea production arrangement with the government and AM Green Ammonia (India) Private Limited.