Gujarat Narmada Valley Fertilizers & Chemicals Ltd

AGM details and online access

• 50th AGM on Sept 16, 2026 at 03:00 PM IST via VC/OAVM.
• Annual Report for FY2025-26 and AGM notice accessible online.
• Record date for dividend and e-voting cut-off: Sept 9, 2026.
• Remote e-voting period: Sept 12, 2026 9:00 AM to Sept 15, 2026 5:00 PM.
• TDS on dividends communicated to shareholders.
• KYC and bank mandate updation advised for demat and physical holders.
• Annual Report available on GNFC site and stock exchange portals.

Overview

• FY2025-26 BRSR for GNFC is on standalone basis.
• Main business: chemicals, fertilizers, and IT/digital services.
• 03% turnover from chemicals; 35.56% from fertilizers.

Key ESG Risks & Opportunities

• Climate change and water scarcity are material ESG risks.
• Mitigation includes renewable energy, water conservation, and energy efficiency.
• Opportunities from local procurement, waste recovery, and biodiversity programs.
• PAT/ESCerts mechanisms and efficiency gains can improve long-term costs.

Governance & Policy Highlights

• Risk Management Committee oversees ESG risks and sustainability strategy.
• BR Policy, Whistleblower, POSH, and Code of Conduct exist.
• ISO 9001/14001/45001 certifications held.
• No penalties reported; no external assurance required per SEBI criteria.

Social Responsibility & Workforce

• Total employees 2,364; workers 2,506; predominantly male permanent staff.
• Differently abled: 9 individuals; board female representation 1 of 10; KMP female 0.
• LTIFR: employees 0.67; workers 1.91; no fatalities; 4 employee injuries; 12 worker injuries.
• Employee training: 118 programs for employees; 116 for workers; 46% of employees trained.
• CSR focus on healthcare, education, livelihoods, rural development, and community well-being.

Environmental Performance

• Scope 1: 1,684,416 t CO2e; Scope 2: 146,769 t CO2e; total 1,831,186 t.
• GHG intensity: 23.56 t CO2e per ₹1m turnover; PPP basis 479.2.
• Total energy: 20,942,931 GJ; renewable energy share not specified.
• Waste: total 20,162 t; recovered 9,671 t; landfill 3,444 t; co-processing 5,588 t.
• ISO certifications: 9001/14001/45001.
• PAT/DCs at Urea and ANP plants; 15,343 ESCerts balance; ESCerts traded; transitioning to carbon credits discussed.
• Water withdrawal 149.7 million kL; consumption 150.0 million kL; water intensity 193.23.

Stakeholder Engagement & Complaints

• Stakeholders: employees, shareholders, customers, value chain partners, regulators, communities.
• Engagement through meetings, HR programs, circulars; periodic frequency.
• Shareholders filed 83 complaints in FY2025-26; 1 pending; other groups reported nil.
• Grievance channels include whistleblower mechanisms and shareholder portals (SCORES/ODR).
• CSR via NARDES and ongoing stakeholder consultation initiatives.

Other Notable Metrics

• Local procurement at 86.31% of inputs; MSME inputs 4.46%.
• Supplier Code of Conduct and Vendor Registration Portal support sustainable sourcing.
• R&D: 100% of R&D investments; Capex nil; ₹3.7 crore invested previously.
• PAT targets exempted through FY2025-26; 15,343 ESCerts balance; 8,918 ESCerts sold in PAT-II.
• EPR credits: 5,593 MT plastic credits procured; EPR certification via CPCB/SPCB.

Financial performance

• FY25-26 revenue ₹7,773 Cr.
• FY25-26 EBITDA ₹879 Cr.
• FY25-26 PAT ₹808.62 Cr.
• Basic EPS ₹55.03.

Segment performance

• Fertilizers segment profit −₹186.59 Cr.
• Chemicals segment revenue ₹4,899.12 Cr.
• Chemicals segment profit ₹912.92 Cr.

Capex & expansion

• Ammonia revamp to 2100 MTPD; completion FY27-28.

Dividends & capital allocation

• Dividend per share ₹21.
• Dividend total ₹308.58 Cr.

Appointment of Independent Director

• Appointment of Dr. Mamata Biswal as Additional Director (Independent, Non-Executive) effective Aug 20, 2026.
• First three-year term running Aug 20, 2026 to Aug 19, 2029, subject to AGM approval.
• Board approved based on Nomination and Remuneration Committee recommendation via circular resolution dated Aug 20, 2026.
• Independence confirmed per Companies Act 2013 and Listing Regulations; not liable to retirement by rotation.
• Profile: Dr. Biswal is a law professor with PhD, LL.M., and 25+ years teaching/research.
• Not debarred by SEBI or other authorities per disclosure.
• Relationship with other directors: None.

Purpose

• Transfer of unclaimed dividends for seven years to IEPF under Companies Act 2013 and IEPF Rules.

Unclaimed dividend details

• Unclaimed dividends per year: FY2018-19 231, FY2019-20 165, FY2020-21 264, FY2021-22 330, FY2022-23 990, FY2023-24 544.5, FY2024-25 594.

Deadline and transfer

• Claims must be submitted by Oct 31, 2026; otherwise transfer to IEPF with no further notice.

Claim procedure

• Claim via KFin Technologies; submit ISR-1, ISR-2, SH-13 with PAN, Aadhar, and bank details.

KYC and compliance

• Folio in physical form must be KYC compliant per SEBI Circular Feb 6, 2026.

Direct impact

• After transfer, no claim against the company; IEPF handles future claims via IEPF-5.

Financial and Ops Highlights

• Q1 FY27 profits were the second highest in GNFC's history after Q1 FY22.
• Urea energy norms revised to 6.37 Gcal per metric ton for three years.
• Most plants resumed in July; ethyl acetate, acetic acid, TDI-I started.
• Dahej steam started; power expected in about 45 days; gas-to-coal delta improves cost.
• Overdue Dahej project started producing; nitric acid plant delay ~3 months; recouping.
• MoU with GMDC for underground coal gasification; studies ongoing.
• Q1 realized profits aided by better realizations; volumes down; stock liquidating gradually.
• Fertilizer segment profit rose to INR 85 crores, mainly from urea.
• Inventory built up by Q1 liquidated ~15% by July.
• Capex in Q1: INR 300 crores; full-year target INR 1,200–1,500 crores.
• Total on-hand capex: INR 2,800 crores; most projects online by mid-2027.
• CCPP capex: INR 613 crores.
• Over next two years, capex spend ~INR 1,500 crores.
• Cash on hand around INR 4,000 crores; mix across G-Sec, GSFS, and banks.

Production and Volumes

• Ammonia production approximately 173,000 tonnes; 54% from oil, 49% from gas.
• TDI production 12,800 tonnes; 66% Dahej, 34% Bharuch.
• WNA production 113,000 tonnes; 70% from one plant, 30% from another.
• CNA production 37,500 tonnes.
• AN Melt production 55,600; TGU 74,800; Formic acid 8,200.
• WNA sales 20,800; CNA sales 16,400.

Q&A Highlights

• Oil prices rose in Q1 due to Middle East crisis; July–Aug trend down.
• Gas prices volatile; volume availability variable.
• Dahej steam savings expected at INR 30,000–40,000 per MT of TDI.
• Kearney savings target INR 250–300 crores; final view next quarter.
• Cash on hand around INR 4,000 crores across G-Sec, GSFS, and banks.
• Capex Q1 was INR 300 crores; full-year target INR 1,200–1,500 crores.
• Total capex on hand INR 2,800 crores; two-year spend ~INR 1,500 crores.
• GNFC Encode business size ~INR 100 crores; digitization/AI plans forming.

Record date details

• Purpose: determine eligibility for dividend and voting at AGM.
• Type of security: equity shares.
• Record date: 9 September 2026.
• Book closure: 10 Sep to 16 Sep 2026 (inclusive).
• Dividend Payment Date: on or after 18 Sep 2026, subject to approval.