Gujarat Alkalies and Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot : Intimation in terms of Regulation 30 of SEBI (LODR) Regulations, 2015, we submit herewith Postal Ballot Notice dated 31st May,2025. For more details kindly refer attached file.
GUJALKALI · price
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Awaiting price reaction for this filing.
Gujarat Alkalies and Chemicals Limited (GACL) has issued a Postal Ballot Notice dated May 31, 2025 seeking shareholder approval for the appointment of Shri S J Haider, IAS (DIN: 02879522) as a Director of the company, liable to retire by rotation. He was already appointed as an Additional Director on May 16, 2025, on the recommendation of the Government of Gujarat's Energy and Petrochemicals Department. He is an IAS officer with over 33 years of experience and currently serves as Additional Chief Secretary to the Government of Gujarat in the Energy and Petrochemicals Department. The e-voting window runs from June 6, 2025 to July 5, 2025, with results to be declared on or before July 8, 2025. He will receive only sitting fees and out-of-pocket expenses, no other remuneration. He also holds directorships in 8 other Gujarat state entities including GSFC, Gujarat Gas, GNFC, and GSPC.
This is a routine government-nominated director appointment (GACL is promoted by the Govt. of Gujarat), so it's unlikely to materially affect the stock price. Shareholders should note the e-voting deadline of July 5, 2025 to cast their vote on the resolution.