GFL Limited has informed the Exchange regarding Change in Director(s) of the company.
GFLLIMITED · price
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Awaiting price reaction for this filing.
GFL Limited's board on February 12, 2026 approved several key items. Mrs. Ishita Jain (related to existing directors Siddharth Jain and Pavan Kumar Jain) was appointed as a Non-Executive Non-Independent Director. Mr. Pavan Kumar Jain, founder of the INOX Group, was redesignated from Non-Executive Director to Chairman and Managing Director for a five-year term. The board also approved a scheme to merge its wholly-owned subsidiary Inox Infrastructure Limited into GFL Limited, effective April 1, 2026, with no share issuance since it's a wholly-owned unit. On the financial side, standalone Q3 FY26 profit rose to ₹48 lakhs from ₹39 lakhs YoY, while consolidated profit jumped to ₹1,300 lakhs from ₹458 lakhs, driven by a ₹1,461 lakh share of profit from associate PVR INOX Limited. Postal ballot and committee reconstitution were also approved.
Promoter family members taking on top board roles (new CMD and new director) signal stronger family control at the listed entity. The merger of the wholly-owned subsidiary simplifies the group structure with no dilution for shareholders. Consolidated earnings remain heavily dependent on the PVR INOX associate, making the stock effectively a proxy for PVR INOX's performance.