Gujarat Narmada Valley Fertilizers and Chemicals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
GNFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GNFC has announced the results of its postal ballot conducted via remote e-voting from February 26 to March 27, 2026, covering three ordinary resolutions. All three resolutions were passed with overwhelming majority: appointment of Shri Rajkumar Beniwal (IAS) as Director and Managing Director received 99.59% votes in favour, appointment of Shri Ashwini Kumar (IAS) as Director received 99.63% in favour, and appointment of Dr. Rajender Kumar (IAS) as Director received 99.33% in favour. The promoter group holding 60,693,667 shares voted 100% in favour of all resolutions. Out of 274,221 total shareholders, approximately 61.69% of outstanding shares participated in the voting. CS J. J. Gandhi served as the Scrutinizer for the postal ballot process.
The appointments of three IAS officers to the board (including a new Managing Director) strengthen government oversight of the company, which is expected given GNFC's status as a state-linked entity. These are routine governance changes with no material impact on operations or stock price expected.