Meeting Details

  • The 50th AGM was held on Wednesday, September 16, 2026, at 3:00 PM IST through Video Conferencing.
  • The deemed venue was the company's Registered Office at P.O. Narmadanagar – 392 015, District Bharuch, Gujarat.
  • The meeting concluded at 4:05 PM IST.

Attendance

Directors Present:

  • Shri Manoj Kumar Das, IAS - Chairman of the Company and Chairman of the Meeting
  • Shri Sanjeev Kumar, IAS - Assumed Additional Charge of Managing Director effective September 09, 2026
  • Dr. Rajender Kumar, IAS - Non-Executive Non-Independent Director
  • Shri Bhadresh Mehta - Independent Director, Chairman of Audit Committee
  • Prof. Ranjan Kumar Ghosh - Independent Director, Chairman of Stakeholders Relationship Committee and Risk Management Committee
  • Shri Ajai Bahadur Khare - Independent Director
  • Shri Susanta Kumar Roy - Independent Director
  • Prof. (Dr.) Mamata Biswal - Additional Director (Independent, Non-Executive)

Key Management Present:

  • Mr. Rajesh Pillai, Company Secretary & Compliance Officer
  • Shri D. V. Parikh, ED & Chief Financial Officer

Representatives Present:

  • CA Ramesh Gupta - Representative of M/s. Suresh Surana & Associates LLP, Statutory Auditor
  • CS Suresh Kumar Kabra - Representative of Samdani Shah & Kabra, Corporate Governance Auditor
  • CS J. J. Gandhi - Representative of M/s. J. J. Gandhi & Co., Secretarial Auditor and Scrutinizer

Members Present:

  • Promoters: 1 member
  • Public: 70 members
  • Total: 71 members present through Video Conference
  • Quorum was present as required under Section 103 of the Companies Act, 2013

Key Proceedings and Resolutions

Management Changes:

Shri Sanjeev Kumar, IAS (DIN: 03600655) assumed additional charge of the post of Managing Director with effect from September 09, 2026, vice Shri Rajkumar Beniwal, IAS, who was transferred. This was pursuant to a Notification dated September 05, 2026, issued by the General Administration Department, Government of Gujarat, read with Article 136 of the Articles of Association.

Business Items Approved:

The following resolutions were placed before members for approval:

1. Ordinary Business: Receipt, consideration, and adoption of Audited Standalone Financial Statements and Audited Consolidated Financial Statements for FY ended March 31, 2026, along with Reports of Board of Directors and Auditors

2. Ordinary Business: Declaration of Dividend @ ₹21 per equity share of ₹10 each fully paid up for FY ended March 31, 2026

3. Ordinary Business: Appointment of M/s. B S R and Co, Chartered Accountants (Firm Registration No. 128510W) as Statutory Auditors

4. Special Business: Appointment of Prof. (Dr.) Mamata Biswal (DIN: 07156141) as an Independent Director

5. Ordinary Business: Ratification of remuneration payable to Cost Auditor M/s. K G Goyal & Associates, Cost Accountants, Jaipur, Rajasthan (Firm Registration No: 000024) for FY 2026-27

Auditor Reports:

  • Statutory Auditors' Reports on Standalone and Consolidated Financial Statements for FY ended March 31, 2026 were unmodified with no qualifications, reservations, adverse remarks, or disclaimers
  • Secretarial Audit Report for FY 2025-26 likewise contained no qualifications, reservations, adverse remarks, or disclaimers
  • In terms of Section 145 of the Companies Act, 2013, the auditor reports were not required to be read at the meeting

Voting Process:

  • Remote e-voting facility was provided through KFin Technologies Limited
  • Cut-off date for e-voting: Wednesday, September 09, 2026
  • Remote e-voting period: Saturday, September 12, 2026, to Tuesday, September 15, 2026
  • E-voting facility was also available at the AGM for 15 minutes after conclusion of the meeting
  • Shri J. J. Gandhi, Practicing Company Secretary, was appointed as Scrutinizer
  • Combined results of remote e-voting and e-voting at AGM to be announced within 2 working days

Chairman's Address:

The Chairman addressed shareholders on:

  • Company's contribution in global and national economic scenario during FY 2025-26
  • Performance overview of operational, marketing, and financial performance
  • Government policy on fertilizer industry
  • Dividend recommendation
  • Ongoing projects/revamp schemes/growth plans
  • Corporate Social Responsibility
  • Human Resources
  • Outlook for the current year

Question & Answer Session:

Registered speaker members expressed views and asked questions on the company's operational and financial performance and the resolutions. The Managing Director responded to all questions and acknowledged members' suggestions.

Document References

  • Filed under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Notice of AGM dated: August 20, 2026