Gujarat Natural Resources Ltd

Split details

• Split ratio: 1 equity share of Rs 10 into 10 equity shares of Rs 1.
• Rationale: enhance liquidity and widen the shareholder base by cheaper shares.
• Pre-split authorised capital: Rs 165 crore, 165,000,000 shares of Rs 10.
• Post-split authorised capital: Rs 165 crore, 1,650,000,000 shares of Rs 1.
• Pre-split paid-up: 153,402,632 shares at Rs 10 each.
• Post-split paid-up: 1,534,026,320 shares at Rs 1.
• Post-split subscribed: 1,534,026,320 shares.
• Expected completion: within 2 months from shareholder approval and regulatory approvals.
• MOA alteration: Clause V substituted to reflect the new capital structure.
• Class of shares affected: equity shares.

Appointment of Independent Director

• Type of change: appointment of Mrs. Jhanvi Vikas Sethi as Independent Director.
• Effective date: 14 August 2026, for a term of up to five years.
• Reason: recommended by the Nomination and Remuneration Committee.
• Profile: 49-year-old with over 20 years in stock market and finance.
• Not debarred; no relationships with other directors.
• Other directorships: Rhetan TMT Ltd, Ashoka Metcast Ltd, Ashnisha Industries Ltd.
• Appointment subject to members' approval at the ensuing AGM.
• Designation: Additional Non-Executive Independent Director.

Meeting Details

• Date: 14 August 2026; Location: Registered Office; Time: not disclosed.

Key Agenda Items

• Sub-division of equity shares (₹10 face) subject to regulatory and member approvals.
• Appointment of additional independent director, subject to members' approval.
• Approval of Standalone and Consolidated Unaudited Financial Results for quarter ended 30 June 2026.
• Approval of Board's Report along with all Annexures.
• Convene 35th AGM; approve draft Notice; determine book-closure and e-voting cut-off dates.
• Appointment of Scrutinizer to oversee AGM e-voting.

Resignation details

• Deepti Ghanshyam Gavali (DIN 10272798) resigns as Independent Director.
• Effective from 7 August 2026.
• Reason cited: personal reasons.
• No other material reasons beyond those stated.
• Resignation letter enclosed as Annexure-11.
• Nil: no other listed-entity directorships or committee memberships.
• No regulatory or shareholder approval requirement disclosed.

Dematerialisation processing and listing

• Dematerialisation requests processed; confirmations of accepted/rejected sent to depositories.
• Securities dematerialised listed on the stock exchanges where earlier issues are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within timelines.

Price movement clarification

• Company has promptly disclosed all events required under SEBI LODR 2015.
• As of 30 June 2026, no event or information likely to impact price has been identified.
• Price movement is market-driven and not within the company's control.
• Commitment to timely disclosure of material information remains in place.

Independent Directors Meeting Outcome

• Reviewed performance of Non-Independent Directors and Board of Directors
• Assessed performance of the Chairperson of the Company
• Evaluated quality, quantity, and timeliness of information flow to the Board