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 approved several major items in a meeting on 12 February 2026. Mrs. Ishita Jain was appointed as a Non-Executive Non-Independent Director; she is a family member of existing directors Mr. Siddharth Jain and Mr. Pavan Kumar Jain. Mr. Pavan Kumar Jain, Chairman of the INOX Group, was elevated from Non-Executive Director to Chairman and Managing Director for a five-year term. The board also approved a scheme to merge Inox Infrastructure Limited (a wholly-owned subsidiary) into GFL Limited, effective from 1 April 2026. Q3 FY26 standalone revenue from operations was Rs 95 lakhs with a profit of Rs 48 lakhs, while consolidated profit was Rs 1,300 lakhs driven mainly by the company's share of profit from its associate PVR INOX Limited (Rs 1,461 lakhs). A postal ballot will be sent to shareholders for approval of the director changes.
Promoter-family consolidation at the board level and the elevation of the group patriarch to Chairman & MD signal tighter promoter control, which existing shareholders should note. The merger of the wholly-owned subsidiary simplifies the group structure with no change in shareholding pattern or new shares issued, so it is largely administrative. The standalone business remains small, with earnings effectively dependent on the PVR INOX associate.