Gujarat alkalies & chemicals Limited has disclosed a promoter share purchase transaction under SEBI regulations. The company filed a disclosure on March 28, 2026, regarding the acquisition of equity shares by one of its promoters, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC).

Promoter Share Purchase Details

GNFC purchased 10,600 equity shares of Gujarat Alkalies and Chemicals Limited on March 27, 2026. The transaction details are as follows:

Shareholding Pattern Changes

The share purchase has resulted in changes to GNFC's shareholding in Gujarat Alkalies and Chemicals Limited:

Regulatory Compliance and Documentation

The disclosure was made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. GNFC has committed to holding the acquired shares for a minimum period of six months and will preserve all transaction-related documents for three years as required by regulations.

The transaction represents completion of a previous purchase where there was a shortfall in delivery of 10,600 equity shares from the exchange side. GNFC had earlier reported the purchase of 4,60,340 equity shares on March 21, 2026, and this current transaction covers the delivery shortfall.

Previous BSE Surveillance Response

This disclosure follows Gujarat Alkalies and Chemicals Limited's earlier response to a BSE surveillance query on March 25, 2026, regarding unusual price and volume behavior in its stock. The company had then confirmed that all necessary disclosures regarding promoter share purchases were being made in accordance with SEBI regulations.

The formal disclosure was signed by S S Bhatt, Company Secretary and Executive Director (Legal, CC & CSR), and digitally authenticated on March 28, 2026, demonstrating the company's commitment to regulatory transparency and compliance.

Gujarat alkalies & chemicals Limited has successfully completed the appointment of Shri Sanjay Joshi (DIN: 01656787) as an Independent Director through a postal ballot process conducted via electronic voting. The company announced the results on March 23, 2026, confirming that the special resolution received overwhelming shareholder approval.

Voting Results and Participation

The postal ballot process demonstrated strong shareholder support for the appointment, with comprehensive participation across all investor categories.

A total of 263 members participated in the voting process out of 69,931 shareholders on the record date of February 13, 2026. The company's total outstanding shares stood at 7,34,36,928, with 4,08,16,630 votes polled during the process.

E-Voting Process and Timeline

The electronic voting process was conducted through Central Depository Services (India) Limited (CDSL) platform, providing remote e-voting facility to all eligible shareholders. The voting period commenced on Friday, February 20, 2026, at 9:00 AM IST and concluded on Saturday, March 21, 2026, at 5:00 PM IST, spanning 30 days.

Scrutinizer's Report and Compliance

Suresh Kumar Kabra, Partner at Samdani Shah & Kabra Company Secretaries, served as the appointed scrutinizer for the e-voting process. The scrutinizer was appointed by the Board of Directors on December 25, 2025, and submitted the final report on March 23, 2026.

The scrutinizer's report highlighted a technical issue where Gujarat Industrial Development Corporation (GIDC), one of the promoters, initially cast their vote against the resolution for 18,88,000 shares due to a technical glitch. However, GIDC formally communicated their intention to vote in favor through a letter dated March 7, 2026, which was considered in the final vote count.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, along with the Companies (Management and Administration) Rules, 2014, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The voting results and scrutinizer's report have been made available on the company's website at www.gacl.com and CDSL's website at www.evotingindia.com , ensuring transparency and accessibility for all stakeholders. The appointment of Shri Sanjay Joshi as Independent Director is now effective, strengthening the company's board composition with independent oversight.