Gujarat Narmada Valley Fert & Chem has appointed M/s K G Goyal & Associates as its Cost Auditors for the financial year 2026-27. The Board of Directors approved the appointment during its meeting held on August 05, 2026, acting on the recommendation of the Audit Committee. This appointment ensures compliance with regulatory requirements for cost auditing in the upcoming fiscal year.

The company disclosed the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026. Rajesh Pillai, Company Secretary & Compliance Officer, signed the intimation to the stock exchanges.

Auditor Profile and Experience

M/s K G Goyal & Associates, based in Jaipur, holds Firm Registration No. 000024. The firm has been engaged in practice for the last 36 years and employs six partners in whole-time practice. Its offices are located in Jaipur, Delhi, and Mumbai.

The senior partner, Mr. Rajesh Goyal (FCMA, ACS), possesses more than 36 years of experience. Four partners of the firm are fellow members of the Institute of Cost Accountants of India, with more than 11 years of experience in cost audit. The firm has extensive experience in conducting cost audits for Central PSUs, State Government Undertakings, and private sector companies.

Sector Expertise

The firm has demonstrated vast experience in the field of Cost Audit across multiple industries. These include Power, Textile, Oil & Gas, Fertilizer, Cement, Metal, Engineering Goods, and Telecommunication sectors. The firm has handled audits for entities with multiple locations across the country.

No relationships between directors and the appointed auditors were disclosed, as this criterion was marked as not applicable in the filing. The appointment replaces any prior arrangement for the specified term, ensuring continuity in statutory compliance for Gujarat Narmada Valley Fertilizers & Chemicals Limited.

Gujarat Narmada Valley Fert & Chem reported a robust financial performance in Q1, with net profit rising sharply to ₹3.1 billion compared to ₹780 million in the same period last year. The results reflect a broad-based improvement across revenue, operating profitability, and margins, underscoring a significant year-on-year recovery for the company.

Q1 Financial Performance at a Glance

The company's quarterly results demonstrated strong growth across all key financial metrics. Revenue climbed to ₹22.38 billion from ₹16 billion in the year-ago quarter, while EBITDA surged to ₹3.93 billion from ₹310 million YoY. The EBITDA margin expanded substantially to 17.56% from just 1.96% in the corresponding period last year.

The following table summarises the key financial highlights for Q1:

Strategic Development: Coal-to-Chemicals Agreement With GMDC

Beyond its financial results, Gujarat Narmada Valley Fertilizers & Chemicals finalized an agreement with GMDC to explore coal-to-chemicals opportunities. This development signals a strategic initiative by the company to potentially diversify its operations into new chemical value chains leveraging coal as a feedstock.

Summary

Gujarat Narmada Valley Fertilizers & Chemicals posted a strong Q1 performance, with net profit rising to ₹3.1 billion from ₹780 million YoY and revenue growing to ₹22.38 billion from ₹16 billion. EBITDA expanded sharply to ₹3.93 billion from ₹310 million, driving EBITDA margin improvement to 17.56% from 1.96%. The company also finalized a strategic agreement with GMDC to explore coal-to-chemicals opportunities, adding a notable corporate development to the quarter.