Gujarat Narmada Valley Fertilizers & Chemicals Ltd

Cessation of Independent Director

• Smt. Gauri Kumar, IAS (Retd.), Independent Director, ceased on Sept 30, 2026 after completing second term.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd — Trading Window closed from Oct 01, 2026 till 48 hours after the declaration of the unaudited Standalone & Consolidated Financial Results of the Company for the Second Quarter and Half-Year ending on September 30, 2026, after Board approval

ESG rating update

• CRISIL ESG Ratings assigned GNFC a rating of CRISIL ESG 55 in 'adequate' category.
• GNFC did not engage CRISIL; rating was assigned independently based on publicly available information.
• BSE informed GNFC on Sep 22, 2026 that CRISIL has submitted ESG disclosure.
• ESG disclosure is posted on GNFC's website.

ESG rating update

• SES ESG Research assigned ESG score 67 (Grade B) for FY2025-26.
• Rating corresponds to Medium risk.
• Score improved by 0.8 points vs FY2024-25.
• GNFC states it did not engage SES; rating prepared from public domain data.
• Report dated September 21, 2026; data pertains to FY2025-26.

GNFC AGM highlights

• FY2025-26 revenue ₹27,773 crore; PBT ₹1,065 crore; PAT ₹2,797 crore; EPS ₹254.27.
• GNFC achieved highest-ever Formic Acid sales during FY2025-26.
• Ammonia plant revamp adds 50,000 MT/year capacity by Q2 FY2027-28.
• Dahe captive plant: 18 MW power generation and 150 MT/hr steam, in advanced testing.
• Ammonium Nitrate-II plant capacity target: 480 MTPD by August 2027.
• Weak Nitric Acid-II: 600 MTPD capacity by June 2027.

AGM Details

• AGM held on 16 September 2026 at 3:00 PM IST via VC/OAVM.
• Remote e-voting from 12–15 Sep 2026; cut-off date 9 Sep 2026.
• Proceedings deemed at Registered Office; venue for AGM.

Resolutions & Voting Outcomes

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): Dividend on equity shares; passed.
• Resolution 3 (Ordinary): Re-appointment of Dr. T. Natarajan, IAS; passed.
• Resolution 4 (Ordinary): Appointment of M/s B S R and Co as Statutory Auditors; passed.
• Resolution 5 (Ordinary): Appoint Prof. Mamata Biswal as Independent Director; passed.
• Resolution 6 (Ordinary): Ratify remuneration payable to Cost Auditor for 2026-27; passed.

Director Changes

• Dr. T. Natarajan, IAS, retires by rotation and is re-appointed.
• Prof. (Dr.) Mamata Biswal appointed as Independent Director.

Auditor Appointments

• Statutory Auditor appointed: M/s B S R and Co.

ESG rating update

• ESG rating assigned to GNFC is 47 in the Adequate category.
• Rating was assigned by ESG Risk Assessments & Insights Limited based on publicly available information.
• GNFC states it did not engage the rating firm.
• Resulting rating and details are disclosed on GNFC's website.
• Information received as of September 16, 2026.

Director and MD changes

• Shri Sanjeev Kumar, IAS appointed as Director and Managing Director (KMP) effective Sept 9, 2026.
• Term: five years maximum, subject to government and member approvals.
• Effective from Sept 9, 2026, upon government notification.
• Shri Rajkumar Beniwal, IAS ceased as MD and Director effective Sept 9, 2026.
• Profile: 1998 IAS batch, IIT Kharagpur B.Tech, MPA, 28+ years in governance.
• Not related to any other Director; not debarred by SEBI or authorities.
• Notwithstanding, profile includes extensive experience in finance, energy, petrochemicals, environment.
• Approval is subject to member approval by postal ballot.

Materiality authority

• Board authorized specified KMPs to determine materiality and make disclosures to stock exchanges.
• KMPs listed are MD Sanjeev Kumar, IAS; CFO D V Parikh; Company Secretary Rajesh Pillai.

Auditor appointment

• Shareholders approved B S R and Co., Chartered Accountants, Ahmedabad, as statutory auditors for five years (50th–55th AGM).
• Term begins at conclusion of the 50th AGM and ends at the 55th AGM.