Gujarat Alkalies & Chemicals conducted the ground-breaking ceremony for its 33,870 TPA Food Grade Phosphoric Acid plant (PPA-II) at Dahej on October 22, 2026.

Facility development details

The event marks a significant step in expanding the company's production infrastructure at the Dahej complex. The ceremony was attended by senior leadership and representatives from the detailed engineering consultant, M/s. IBIC Engineering and Consultancy Limited.

This development follows earlier disclosures regarding the project. The new facility adds dedicated Food Grade Phosphoric Acid manufacturing capability to Gujarat Alkalies & Chemicals' existing operations at the Dahej site.

Gujarat Alkalies and Chemicals Limited shareholders approved a dividend of ₹17.70 per equity share for the financial year ended March 31, 2026, during the company's 53rd Annual General Meeting (AGM) held on September 25, 2026.

The meeting, conducted via video conference at 11:30 am, saw the adoption of audited standalone and consolidated financial statements. The Chairman highlighted the company’s performance during FY26 and Q1FY27, alongside strategic initiatives under Project Ahvaan and Vision 2047.

Key resolutions passed

The following ordinary resolutions were put to vote and approved by the members:

• Adoption of audited financial statements for FY26.
• Declaration of dividend at ₹17.70 per share (177% of face value).
• Reappointment of Dr. T. Natarajan as director retiring by rotation.
• Ratification of remuneration for cost auditors M/s. Y. S Thakar & Co. for FY27.
• Approval of material related party transactions with GACL-NALCO Alkalies & Chemicals Private Limited (GNAL) and National Aluminium Company Limited (NALCO).

Voting results breakdown

The consolidated voting results declared on September 28, 2026, indicate strong shareholder support for all agenda items. The dividend resolution received 100% support from valid votes cast, while the reappointment of Dr. T. Natarajan secured 99.94% support.

Note: For Resolutions 5 and 6 regarding related party transactions, three members holding 1,94,74,806 equity shares voted in favour but were excluded as invalid votes due to their status as related parties.

Governance and attendance

The AGM was chaired by Dr. Hasmukh Adhia, with Managing Director Smt. Avantika Singh confirming the requisite quorum. The board reported no qualifications or modified opinions in the statutory auditors' report dated May 29, 2026, or the secretarial audit report dated July 23, 2026.

The scrutinizer appointed for the e-voting process was Mr. Sushil Samdani of Samdani Shah and Kabra, Company Secretaries. The remote e-voting facility was open from September 22, 2026, to September 24, 2026, in addition to voting during the AGM itself.

Strategic outlook

During the address, the Chairman outlined the company's roadmap towards Viksit Bharat 2047, emphasizing expansion, diversification, and decarbonization efforts. The management also addressed shareholder queries regarding operational performance and future projects, ensuring satisfactory responses were provided during the session.