Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about Voting Results of Postal Ballot process conducted through Remote e-voting.
GNFC · price
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GNFC conducted a postal ballot via remote e-voting from February 26, 2026 to March 27, 2026, covering three ordinary resolutions for the appointment of government IAS officers as directors. All three resolutions were passed with overwhelming majority: appointment of Shri Rajkumar Beniwal as Director and Managing Director received 99.59% votes in favor, appointment of Shri Ashwini Kumar as Director received 99.63% in favor, and appointment of Dr. Rajender Kumar as Director received 99.33% in favor. Promoters holding 6,06,93,667 shares (100% of promoter holding) voted unanimously in favor of all resolutions. The ballot was held among 2,74,221 total shareholders on record date, with overall voting participation of about 61.69% of outstanding shares.
Routine corporate governance update with strong shareholder support for all appointments. The new directors are IAS officers, reflecting continued government oversight of GNFC. No material impact on stock price is expected from this disclosure.