Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
GSFC · price
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Awaiting price reaction for this filing.
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.