Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
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GSFC held its 63rd AGM on September 24, 2025 via video conferencing, with 48 members present. The key highlight was the declaration of a dividend of Rs. 5 per equity share (250%) on shares of face value Rs. 2 each for FY 2024-25. Members approved the adoption of audited financial statements for FY25 with no qualifications from statutory or secretarial auditors. The meeting also saw the appointment of Mr. Sanjeev Kumar (IAS) as Managing Director effective August 1, 2025, and the reappointment of two Independent Directors along with two new Independent Directors joining the board. M/s CNK & Associates LLP was appointed as Statutory Auditor for a three-year term. Shareholders asked questions on operational performance, capex, GST impact, R&D focus, and dividend policy, all addressed by the Managing Director.
The 250% dividend declaration rewards shareholders and signals strong financial health for FY25. Leadership continuity through the Managing Director appointment and board refreshment should support strategic execution, though investors await the detailed voting results to confirm full shareholder approval.