Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about Shareholders meeting
GNFC · price
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GNFC has announced the results of its Postal Ballot conducted via remote e-voting from December 3, 2025 to January 1, 2026. Two ordinary resolutions were put to vote and both passed with the required majority. Resolution 1 approved the appointment of Shri Manoj Kumar Das, IAS (DIN: 06530792) as Director and Chairman of the company, with 96.75% of votes polled in favor (87.3 million votes) and only 3.25% against. Resolution 2 ratified the remuneration of the Cost Auditor for FY 2025-26, with nearly 99.99% of votes in favor. Of the 2,80,985 shareholders on record, about 61.41% of outstanding shares participated in voting, with promoters voting 100% in favor of both resolutions.
The appointment of an IAS officer (Manoj Kumar Das) as Chairman signals potential governance changes at this state-affiliated fertilizer company, which investors should monitor closely. The near-unanimous support for both resolutions indicates strong shareholder confidence, with no material opposition to the board changes or auditor ratification.