Gujarat Narmada Valley Fertilizers & Chemicals Limited announced the cessation of two senior management personnel effective May 31, 2026, impacting its executive leadership and legal secretarial functions. The company disclosed that Executive Director Shri Pankaj Kanaiyalal Purohit retired from his services, while Shri Rikesh Ishwarbhai Patel, Chief Manager – Legal & Secretarial, exited following the conclusion of his employment contract. These changes were communicated to the stock exchanges in compliance with Regulation 30 of the SEBI Listing Regulations.

The filing detailed the specific reasons for the departure of both officials. Shri Pankaj K. Purohit's cessation was attributed to retirement, marking the end of his tenure as Executive Director. Simultaneously, the services of Shri Rikesh I. Patel were terminated upon the conclusion of his contract of employment. The company confirmed that both departures took effect on the same date, May 31, 2026.

The disclosures were submitted in accordance with the requirements outlined in the SEBI Master Circular. The circular, referenced as HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, was issued on July 11, 2023, and last updated on January 30, 2026. The company provided the necessary details in Annexure – A to ensure full transparency regarding the changes in its senior management structure.

Management Changes

The following table summarizes the details of the personnel changes as disclosed by the company:

The company confirmed that no brief profiles or relationship disclosures were required for these cessations, as the regulations mandate such details primarily for new appointments. The notification was signed by Rajesh Pillai, Company Secretary & Compliance Officer, on behalf of gujarat narmada valley fert & chem .

Gujarat Narmada Valley Fertilizers & Chemicals Limited has submitted the audio recording of its Investors Meet and Analysts ConCall held on May 19, 2026. The company had previously intimated the stock exchanges regarding the schedule of this conference call, which took place at 4:00 PM (IST). The submission was formally communicated to both BSE Limited and the National Stock Exchange of India Limited, with a direct link to the recording made available for stakeholders on the company's official website.

Concall Key Event Details

CCPP Synchronization and Savings Potential

During the concall, management provided guidance on the progress of its coal-based Captive Co-generation Power Plant (CCPP). The plant is expected to synchronize by the third week of June and become fully operational by the third week of August 2026. Once operational, the CCPP is estimated to generate savings of INR 10-12 crore per month, with these benefits expected to accrue from H2 FY27 onwards.

Capital Expenditure and Project Pipeline

Management outlined its capital allocation plans, with CapEx for FY27 projected at approximately INR 2,800 crores. Details pertaining to FY28 expenditure are expected to be shared in subsequent quarters. On the project identification front, management indicated it expects to finalize new investment decisions by the end of the current calendar year.

Plant Expansion Timeline and Fertilizer Segment Outlook

The following key expansion projects and their expected timelines were disclosed during the concall:

On the fertilizer segment, management does not foresee the urea business turning profitable until fixed cost and energy norms are revised, noting that losses in this segment are currently widening.