Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Gujarat State Fertilizers & Chemicals Limited
Meeting Details
- Date: Monday, 28th September, 2026
- Time: Commenced at 1505 hours IST, concluded at 1635 hours IST
- Location: Held through Video Conferencing centralized from the Conference Room of Chief Secretary's office, Govt. of Gujarat Block No.1, 5th Floor, Sardar Bhavan, Sachivalaya, Gandhinagar - 382010
- Type of Meeting: 64th Annual General Meeting
Proposed Resolutions and Implications
Four resolutions were put to vote:
Ordinary Business:
1. To receive, consider and adopt the:
- a) Audited standalone financial statements for the financial year ended 31st March, 2026, together with reports of Board of Directors and Auditors
- b) Audited consolidated financial statements for the financial year ended 31st March, 2026, together with report of Auditors
2. To declare final dividend on 39,84,77,530 equity shares at the rate of Rs. 5 per equity share of face value of Rs. 2 each (250%) fully paid-up, for FY 2025-26
3. To re-appoint Dr. Thiruvenkadam Natarajan, IAS (DIN: 00396367), Director who retires by rotation
Special Business:
4. Ratification of remuneration to Cost Auditor
Voting Process and Methods
- The company provided remote e-voting facility which commenced on 24th September, 2026 at 9:00 AM IST and concluded on 27th September, 2026 at 5:00 PM IST
- E-voting during the AGM was provided for members who had not cast votes by remote e-voting
- Voting facility was available during the AGM and till 20 minutes after conclusion of the meeting
- Mr. Niraj Trivedi was appointed as Scrutinizer to scrutinize the e-voting process
Voting Outcomes and Participation
- The combined results of remote e-voting and e-voting at AGM were to be declared within prescribed time
- The scrutinizer's report was to be placed on company's website and CDSL website
- Voting results were to be filed with BSE Ltd. and National Stock Exchange of India Ltd.
- 84 members attended the meeting through video conferencing
Scrutinizer's Role and Findings
Mr. Niraj Trivedi was appointed to scrutinize the e-voting process (both remote e-voting and e-voting at AGM). The company authorized the Company Secretary to accept, acknowledge and countersign the Scrutinizer's report and declare consolidated results.
Compliance with Laws and Regulations
The meeting was conducted in compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Ministry of Corporate Affairs circulars
- Companies Act provisions
- Participation through VC was reckoned for quorum as per MCA and SEBI circulars
Additional Information
- The Chairman delivered a speech covering economic scenario, company performance for FY 2025-26 and Q1 FY 2026-27, and expansion plans
- Growth strategy plan envisages strategic shift towards chemicals while maintaining growth in fertilizers, focusing on specialty and bulk chemicals, specialty fertilizers, crop protection, and green chemicals
- Shareholders asked questions about operational & financial performance, future plans, capital expenditure, dividend, CSR activities, geopolitical risks, ESG rating, and corporate actions
- All reports including Board's Report, Corporate Governance Report, Management Discussion & Analysis, and Financial Statements were taken as read
- No qualifications were reported from Statutory Auditors or Secretarial Auditor
- Statutory registers and documents mentioned in AGM notice were available for electronic inspection