Fire breaks out at GSP Crop Science's Ahmedabad unit; no injuries reported

GSP Crop Science reported a fire incident at its Factory Unit-No. 1 in Ahmedabad on July 2, 2026. The company confirmed that there were no injuries or casualties, and no material financial loss is anticipated as the affected assets are adequately insured.

Incident Overview

The fire broke out at around 9:30 PM at the packing material store area of the formulation plant located at Plot No. 47, 100 to 103, 103/A, GVVM. Odhav, Ahmedabad - 382415, Gujarat, India. The impacted area contained raw materials, packing material, and one FFE machine. The fire was controlled within time.

Damage Assessment and Impact

The company is currently assessing the full extent of the damage and its potential impact on production. Key details regarding the incident are outlined below:

Parameter	Details
Incident Type	Fire
Location	Factory Unit-No. 1, Ahmedabad
Injuries Reported	None
Financial Loss	None (Assets Insured)
Damage Assessment	In Progress

Insurance Coverage

GSP Crop Science stated that the assets at the affected plant are adequately covered by insurance. The company is in the process of filing insurance claims to cover the damage and losses. Further material developments will be communicated to the exchanges as they occur.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.09%	-2.57%	-5.36%	+13.35%	+13.35%	+13.35%

GSP Crop Science Limited’s board has approved a scheme of arrangement to amalgamate Rajdhani Petrochemicals Private Limited and demerge the manufacturing undertaking of GSP Intermediates Private Limited. The appointed date for the scheme is April 1, 2026. The restructuring aims to streamline the corporate structure, consolidate assets and liabilities, and achieve operational synergies without any cash consideration or change in the listed entity's shareholding pattern.

The scheme involves the amalgamation of Rajdhani Petrochemicals Private Limited (Transferor Company) with GSP Crop Science Limited (Transferee Company). Additionally, the manufacturing undertaking of GSP Intermediates Private Limited (Demerged Company) will be demerged into GSP Crop Science Limited. Both subsidiaries are wholly owned by the company, and no equity shares will be allotted in exchange for the company's holdings in these entities. Consequently, the equity shares held by the company in Rajdhani Petrochemicals Private Limited will stand cancelled on the effective date.

The financial details of the entities involved as on March 31, 2026, are outlined below:

Entity	Particulars	Amount (INR in Lakh)
Rajdhani Petrochemicals Private Limited	Paid up Capital	10.00
	Net Worth	6453.73
	Total Income	12450.90
GSP Crop Science Limited	Paid up Capital	4651.875
	Net Worth	73446.6
	Total Income	162760.8

The turnover for the financial year 2025-26 of the demerged undertaking of GSP Intermediates Private Limited was 2,825.94 INR in Lakhs. The rationale for the amalgamation and demerger includes the consolidation of resources, optimization of borrowing costs, reduction of administrative responsibilities, and elimination of duplicate expenses. The company expects these moves to lead to long-term sustainable growth and enhanced value for stakeholders.

The board meeting was held on July 2, 2026, commencing at 4:00 P.M. and concluding at 5:30 P.M. IST. The scheme is subject to requisite approvals and consents under Section 230 to 232 of the Companies Act, 2013, and other applicable provisions. The company confirmed that the transactions, being with wholly owned subsidiaries, are exempt from certain related party transaction regulations under Section 188 of the Companies Act, 2013, and Regulation 23 of the SEBI Listing Regulations.