Gujarat narmada valley fert & chem shareholders have overwhelmingly approved the appointment of three IAS officers as directors through a postal ballot conducted via remote e-voting. The company announced the official results on March 28, 2026, following the scrutinizer's report confirming requisite majority approval for all three ordinary resolutions.

Official Voting Results

The postal ballot process, conducted from February 26, 2026, to March 27, 2026, demonstrated exceptional shareholder support across all three director appointments. CS J. J. Gandhi served as the scrutinizer for the voting process, ensuring compliance with the Companies Act, 2013, and SEBI regulations.

Director Appointments Confirmed

The shareholders approved three key appointments through the postal ballot process. Shri Rajkumar Beniwal, IAS (DIN: 07195658) was appointed as Director and Managing Director, securing 99.59% approval from voting shareholders. Shri Ashwini Kumar, IAS (DIN: 06581753) received the highest approval rate at 99.63% for his appointment as Director. Dr. Rajender Kumar, IAS (DIN: 07161855) was appointed as Director with 99.33% shareholder support.

Comprehensive Shareholder Participation

Out of 274221 total shareholders on the record date of February 20, 2026, the voting process achieved significant participation through KFin Technologies Limited's e-voting platform. The promoter and promoter group demonstrated unanimous support with 100.00% participation and approval across all resolutions.

Category-wise Voting Analysis

Regulatory Compliance Framework

The postal ballot was conducted in strict adherence to regulatory requirements under Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company dispatched notices via email on February 24, 2026, and published public advertisements in Business Standard (English) and Loksatta Jansatta (Gujarati) on February 25, 2026.

Corporate Governance Enhancement

The appointment of three experienced IAS officers represents a strategic strengthening of the company's board composition and governance framework. The overwhelming shareholder support across all categories reflects strong confidence in the proposed leadership appointments and the company's strategic direction. The voting results and scrutinizer's report have been made available on the company's website at www.gnfc.in for transparency and regulatory compliance.

Gujarat narmada valley fert & chem has received an Environmental, Social, and Governance (ESG) rating of 52 from ESG Risk Assessments & Insights Limited, as disclosed to stock exchanges on March 12, 2026. The company received information about this rating assignment on March 11, 2026.

ESG Rating Details

The rating agency assigned the company an overall ESG score based on their independent assessment methodology. Gujarat Narmada Valley Fertilizers & Chemicals emphasized that it did not engage ESG Risk Assessments & Insights Limited for this evaluation.

Independent Assessment Process

The company specifically noted that the ESG rating was assigned independently by the rating agency without any direct engagement or collaboration. The assessment was conducted based solely on publicly available information about the company's environmental, social, and governance practices.

Regulatory Compliance and Disclosure

Gujarat Narmada Valley Fertilizers & Chemicals disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its corporate website at www.gnfc.in to ensure transparency with stakeholders.

Company Background

The fertilizer and chemicals manufacturer holds multiple ISO certifications including ISO 9001, ISO 14001, ISO 45001, and ISO 50001. The company is headquartered at Narmadanagar in Bharuch district, Gujarat, and operates under the corporate identification number L24110GJ1976PLC002903.