Gujarat State Fertilizers & Chemicals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025
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GSFC has submitted the Scrutinizer's report detailing voting results from its 63rd AGM held via video conferencing on September 24, 2025. All 12 resolutions were approved by shareholders. Key items included adoption of audited standalone and consolidated financial statements for FY2024-25 (passed with 99.99% approval) and declaration of a 250% dividend (₹5 per share on ₹2 face value) on 39.84 crore equity shares (passed with 99.99% approval). Mr. Sanjeev Kumar, IAS was appointed as Managing Director with 99.59% approval, while M/s CNK & Associates LLP was appointed as Statutory Auditor for a three-year term. Several independent directors were appointed/re-appointed. The re-appointment of Mrs. Gauri Kumar as Independent Director saw the highest dissent at 17.52%, followed by auditor appointment at 14.23% and director re-appointment of Mr. Syed Jawaid Haider at 12.74%.
All resolutions were approved, confirming strong shareholder support for the company's FY2024-25 performance and future leadership. The approved 250% dividend is a significant shareholder return. The notable dissent on Mrs. Gauri Kumar's re-appointment as Independent Director (17.52%) and the statutory auditor appointment (14.23%) is worth monitoring as it may reflect institutional investor concerns on governance matters.