Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
GSFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.7 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
GSFC has issued a postal ballot notice seeking shareholder approval for three appointments. Dr. Rajender Kumar, a 2004-batch IAS officer (Gujarat cadre), is being appointed as Director and Managing Director for a term of up to 5 years effective January 3, 2026, replacing Mr. Sanjeev Kumar, IAS. Mr. Ashwani Kumar, a 1997-batch IAS officer currently serving as Principal Secretary of Gujarat's Energy and Petrochemicals Department, is being appointed as Director replacing Mr. S J Haider, IAS (Retd.). Both are government nominees and will not draw remuneration from the company. E-voting runs from February 21, 2026 to March 22, 2026, with results to be declared by March 24, 2026.
This is a routine government-directed leadership change at a state-owned PSU, with both appointees being IAS officers nominated by the Government of Gujarat. Unlikely to be a material stock-moving event; shareholders simply need to vote through e-voting if they wish to participate.