Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Gujarat Alkalies and Chemicals Limited

Meeting Particulars

  • Date of Meeting: Friday, 25th September, 2026
  • Time of Meeting: 11:30 AM to 12:33 PM
  • Type of Meeting: 53rd Annual General Meeting
  • Location: Conducted through Video Conference/Other Audio-Visual Means
  • Record Date: 18th September, 2026
  • Total Shareholders on Record Date: 68,120

Voting Process and Methods

Pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014, the company provided two voting methods:

  • Remote e-Voting: Available from 22nd September, 2026 (9:00 AM) to 24th September, 2026 (5:00 PM) through CDSL
  • e-Voting during AGM: Available during the AGM on 25th September, 2026 for 20 minutes after conclusion

The Board of Directors appointed Mr. Sushil Samdani, Practicing Company Secretary (Firm: Samdani Shah & Kabra, Membership No.: 3677, ICSI Peer Review No.: 7619/2026) as Scrutinizer for the e-voting process. The Scrutinizer was appointed at the Board Meeting held on 23rd July, 2026.

Proposed Resolutions and Voting Outcomes

All six resolutions were approved with requisite majority. The consolidated results are as follows:

Ordinary Business

Resolution 1: Adoption of Audited Financial Statements and Consolidated Financial Statements for FY ended 31st March, 2026 (Ordinary Resolution)

  • Total Votes Cast: 4,16,18,188
  • Votes in Favour: 4,16,16,638 (100.00%)
  • Votes Against: 1,550 (0.00%)
  • Invalid Votes: None

Resolution 2: Declaration of Dividend at ₹17.70 per Equity Share (177%) of ₹10/- each fully paid (Ordinary Resolution)

  • Total Votes Cast: 4,16,59,581
  • Votes in Favour: 4,16,58,031 (100.00%)
  • Votes Against: 1,550 (0.00%)
  • Invalid Votes: None

Resolution 3: Re-appointment of Dr. T. Natarajan, IAS (DIN: 00396367) who retires by rotation (Ordinary Resolution)

  • Total Votes Cast: 4,16,59,504
  • Votes in Favour: 4,16,34,497 (99.94%)
  • Votes Against: 25,007 (0.06%)
  • Invalid Votes: None

Special Business

Resolution 4: Ratification of Remuneration to Cost Auditors M/s. Y.S. Thakar & Co. for FY 2026-27 (Ordinary Resolution)

  • Total Votes Cast: 4,16,59,504
  • Votes in Favour: 4,16,57,804 (100.00%)
  • Votes Against: 1,700 (0.00%)
  • Invalid Votes: None

Resolution 5: Approval of Material Related Party Transactions with GACL-NALCO Alkalies & Chemicals Private Limited (Ordinary Resolution)

  • Total Valid Votes Cast: 69,38,902
  • Votes in Favour: 69,37,193 (99.98%)
  • Votes Against: 1,709 (0.02%)
  • Invalid Votes: 1,94,74,806 (3 members voted in favour but considered invalid as related parties)

Resolution 6: Approval of Material Related Party Transactions of Subsidiary GACL-NALCO with National Aluminium Company Limited (Ordinary Resolution)

  • Total Valid Votes Cast: 69,38,902
  • Votes in Favour: 69,37,193 (99.98%)
  • Votes Against: 1,709 (0.02%)
  • Invalid Votes: 1,94,74,806 (3 members voted in favour but considered invalid as related parties)

Shareholder Participation Breakdown

Total Equity Shares: 73,436,928

Total Votes Polled: 41,618,188 (56.67% of outstanding shares)

Promoter & Promoter Group:

  • Shares Held: 34,720,679
  • Votes Polled: 34,720,679 (100% participation)
  • 100% voted in favour on all resolutions

Public Institutions:

  • Shares Held: 7,131,759
  • Votes Polled: 6,725,948 (94.31% participation)
  • Nearly 100% voted in favour on all resolutions

Public Non-Institutions:

  • Shares Held: 31,584,490
  • Votes Polled: 212,954 (0.67% participation)
  • Majority voted in favour with small opposition on some resolutions

Scrutinizer's Role and Findings

Mr. Sushil Samdani carried out scrutiny of electronic votes and submitted his report dated 28th September, 2026. The votes were unblocked and downloaded from CDSL website on 25th September, 2026 around 12:33 PM in the presence of two witnesses - Kunjan Mehta and Lubna Vhora (not employees of the company).

The Scrutinizer confirmed that:

  • All resolutions passed with requisite majority
  • Register and records relating to remote e-voting are under safe custody
  • Figures shown in percentage have been rounded off to two decimal points

Compliance Confirmation

The voting process complied with:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars No. 14/2020, 17/2020, 20/2020, and 03/2025
  • Secretarial Standard - 2 on General Meetings

Additional Information

  • The company is promoted by Government of Gujarat