Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
GNFC · price
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GNFC has issued a postal ballot notice seeking shareholder approval for three ordinary resolutions through remote e-voting. The first resolution is the appointment of Shri Rajkumar Beniwal, IAS as Director and Managing Director, replacing Dr. T. Natarajan, IAS, who has already assumed charge on December 29, 2025, following a Government of Gujarat (GoG) notification. The second resolution seeks approval for the appointment of Shri Ashwini Kumar, IAS as a Director, appointed as Additional Director from January 27, 2026. The third resolution is for the appointment of Dr. Rajender Kumar, IAS as a Director, appointed as Additional Director from February 10, 2026. All three appointees are IAS officers from the Gujarat cadre, reflecting the company's status as a GoG undertaking. The e-voting window runs from February 26, 2026 (9:00 AM IST) to March 27, 2026 (5:00 PM IST), with the cut-off date being February 20, 2026. Results are expected by March 31, 2026.
These are routine government-nominated director appointments at a Gujarat state PSU, with no material change expected for retail shareholders. Shareholders should note that the new MD brings experience in urban development and administration, and existing director Dr. T. Natarajan continues as a nominee director representing the Finance Department.