Nature of the Event

This is a regulatory filing under SEBI Listing Regulations containing the Notice convening the 53rd Annual General Meeting (AGM) of Gujarat Alkalies and Chemicals Limited, scheduled to be held on Friday, 25th September 2026 at 11:30 AM IST. The meeting will be conducted entirely through Video Conferencing (VC) / Other Audio Visual Means (OAVM) as permitted by MCA circulars, with the deemed venue being the company's registered office in Ranoli, Vadodara.

Key Quantitative Figures and Resolutions

Ordinary Business

1. Adoption of Financial Statements: Resolution to consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31st March 2026, along with the reports of the Board of Directors and Auditors.

2. Declaration of Dividend: Resolution to declare a final dividend of ₹17.70 per equity share (i.e., 177%) on the face value of ₹10 per share for FY 2025-26. The dividend, if declared, will be paid out of the profit of FY 2025-26 and/or free reserves.

  • Record Date: Friday, 18th September 2026 for determining entitlement.
  • Payment Date: On or after 30th September 2026.

3. Appointment of Director: Resolution to reappoint Dr. T. Natarajan, IAS (DIN: 00396367), who retires by rotation and is eligible for reappointment.

Special Business

4. Ratification of Cost Auditor Remuneration: Resolution to ratify the remuneration of ₹3,19,000 per annum plus applicable GST payable to M/s. Y. S. Thakar & Co., Cost Accountants (Firm Regn. No. 000318), for conducting the audit of cost records for FY 2026-27. The appointment was approved by the Board on 30th May 2024 based on the Audit Committee's recommendation.

5. Related Party Transaction (RPT) - GACL & GNAL: An Ordinary Resolution seeking shareholder approval for continuing existing/entering new contracts/transactions between GACL and its material subsidiary, GACL-NALCO Alkalies & Chemicals Pvt. Ltd. (GNAL), for FY 2026-27.

  • Aggregate Value: Not exceeding ₹1000 Crore.
  • Nature of Transactions: Supply of goods & services and interest liability inter-se on Compulsory Convertible Debentures (CCDs).
  • Rationale: Pursuant to a Joint Venture Agreement (JVA) dated 23rd June 2015 and subsequent agreements (Agency, Common Infrastructure, Manpower Services). Transactions include sale of Chlorine, Caustic Soda supply/distribution, surplus power supply, steam supply, and other utility services.
  • Impact Disclosure: The value represents 18.65% of GACL's consolidated turnover and 89.76% of GNAL's standalone turnover for the preceding year.
  • Approvals: Already approved by the Audit Committee (22nd July 2026) and Board of Directors (23rd July 2026), subject to shareholder approval.

6. Related Party Transaction (RPT) - GNAL & NALCO: An Ordinary Resolution seeking shareholder approval for transactions between the subsidiary GNAL and National Aluminium Company Ltd. (NALCO), a related party by virtue of the JVA and GNAL's shareholding (40%).

  • Aggregate Value: Not exceeding ₹1000 Crore.
  • Nature of Transactions: Primarily the supply of caustic soda and other products, and interest liability inter-se on CCDs.
  • Rationale: Pursuant to a Caustic Soda Supply Agreement where GACL is a confirming party. Ensures stable off-take for GNAL's production.
  • Impact Disclosure: The value represents 18.65% of GACL's consolidated turnover and 89.76% of GNAL's standalone turnover for the preceding year.
  • Approvals: Already approved by the Audit Committee (22nd July 2026) and Board of Directors (23rd July 2026), subject to shareholder approval.

Parties Involved

  • Listed Entity: Gujarat Alkalies and Chemicals Limited (GACL)
  • Subsidiary: GACL-NALCO Alkalies & Chemicals Private Limited (GNAL)
  • Joint Venture Partner/Related Party: National Aluminium Company Limited (NALCO)
  • Cost Auditor: M/s. Y. S. Thakar & Co., Cost Accountants
  • Scrutinizer for e-Voting: M/s. Samdani Shah & Kabra, Practicing Company Secretaries
  • RTA: MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.)
  • e-Voting Agency: Central Depository Services (India) Limited (CDSL)

Voting and AGM Process Details

  • Cut-off Date: 18th September 2026 for determining voting rights.
  • Remote e-Voting Period: Commences on Tuesday, 22nd September 2026 (9:00 AM) and ends on Thursday, 24th September 2026 (5:00 PM) via CDSL.
  • e-Voting during AGM: Available only for shareholders who join the VC/OAVM and have not voted remotely.
  • Physical Attendance: Dispensed with. Proxy voting is not available.
  • Results: To be announced by the Chairman post-scrutinizer's report and communicated to stock exchanges.

Other Key Informational Items from the Notes to the Notice

  • The complete Annual Report 2025-26 has been circulated to members.
  • Unclaimed Shares/Dividends:
  • 33,418 equity shares of 397 shareholders pertaining to unclaimed dividend for FY 2017-18 were transferred to the IEPF Authority.
  • Shareholders are urged to claim unpaid dividends for FY 2018-19 to 2024-25 and update KYC details with the RTA.
  • 354 physical shares of 10 shareholders are lying in an Unclaimed Suspense Account.
  • 1,161 shares of 9 shareholders are lying in a Suspense Escrow Demat Account awaiting demat request from shareholders.
  • Communication: Documents are being sent electronically. The notice and annual report are available on the company's website (www.gacl.com), stock exchange websites (BSE, NSE), and CDSL's website (www.evotingindia.com).
  • Members must register their email addresses and update PAN, bank details, and nomination information with the RTA/DPs.

#Tags: #GujaratAlkalies #AGM #Dividend #RelatedPartyTransaction #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral