Meeting Details

The 64th AGM was held on Monday, 28th September 2026 at 3:00 PM IST through Video Conference (VC) / Other Audio-Visual Means (OAVM), in compliance with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

Proposed Resolutions and Implications

Four ordinary resolutions were proposed for shareholder approval:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, along with Reports of Board of Directors and Auditors

2. Declaration of Final Dividend of ₹5 per equity share (250%) on 39,84,77,530 equity shares of face value ₹2 each for FY 2025-26

3. Re-appointment of Dr. Thiruvenkadam Natarajan, IAS (DIN: 00396367), as Director who retires by rotation

4. Ratification of remuneration to Cost Auditor

Voting Process and Methods

The company utilized the e-voting facilities provided by Central Depository Services (India) Limited (CDSL) for both:

  • Remote e-voting: Available from 9:00 AM IST on Thursday, 24th September 2026 to 5:00 PM IST on Sunday, 27th September 2026
  • E-voting during the AGM: For members present through VC/OAVM who had not voted remotely

Cut-off date for determining voting eligibility was Monday, 21st September 2026.

Key Voting Outcomes

Resolution 1: Adoption of Financial Statements

  • Total votes cast: 235,259,605 (59.0943% of outstanding shares)
  • Votes in favor: 235,259,605 (99.9074%)
  • Votes against: 218,018 (0.0926%)
  • 503 members voted (491 remote, 12 at AGM)

Resolution 2: Dividend Declaration

  • Total votes cast: 236,132,084 (59.3133% of outstanding shares)
  • Votes in favor: 236,132,084 (99.9078%)
  • Votes against: 217,911 (0.0922%)
  • 505 members voted (494 remote, 11 at AGM)

Resolution 3: Director Re-appointment

  • Total votes cast: 236,349,495 (59.3131% of outstanding shares)
  • Votes in favor: 221,256,778 (93.6142%)
  • Votes against: 15,092,717 (6.3858%)
  • 457 members voted (445 remote, 12 at AGM)

Resolution 4: Cost Auditor Remuneration

  • Total votes cast: 236,349,495 (59.3131% of outstanding shares)
  • Votes in favor: 236,122,999 (99.9042%)
  • Votes against: 226,496 (0.0958%)
  • 486 members voted (474 remote, 12 at AGM)

Participation Breakdown by Shareholder Category

Promoter and Promoter Group (150,799,905 shares)

  • Voted exclusively through e-voting with 100% participation
  • Unanimous support (100%) for all four resolutions

Public Institutions (72,796,622 shares)

  • Participation: 84.8386% for Res 1, 86.0364% for others
  • Unanimous support (100%) for Res 1, 2, and 4
  • For Res 3 (Director re-appointment): 76.2447% in favor, 23.7153% against

Public Non-Institutions (174,881,003 shares)

  • Participation: ~13.10% across all resolutions
  • Strong support: 99.04-99.05% for Res 1, 2, and 4
  • For Res 3: 98.9443% in favor, 1.0557% against

Scrutinizer's Role and Findings

CS Niraj Trivedi, Practicing Company Secretary (FCS: 3844, CP No: 3123), was appointed scrutinizer to oversee the e-voting process. The scrutinizer's report dated 29th September 2026 confirms:

  • Voting data was unblocked in presence of two independent witnesses: Vrund Rajesh Brahmbhatt and Shubhank Jain
  • All voting was conducted electronically through CDSL's system
  • No invalid votes were recorded across any resolution
  • Two members holding 88,867 shares cast partial votes (83,671 in favor, 5,196 abstained) across all resolutions
  • Members who abstained or whose shares were transferred to IEPF/Escrow were not considered
  • Electronic records will be handed over to Company Secretary for safekeeping

Compliance Confirmation

The company confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Relevant MCA and SEBI circulars for conducting AGM through VC/OAVM

Additional Information

The voting results are available on the company's website (www.gsfclimited.com) and CDSL's e-voting portal (https://www.evotingindia.com), and displayed at the company's registered office in Fertilizernagar, Vadodara, Gujarat.