NewsGujarat Narmada Valley Fertilizers & Chemicals Appoints M/s. B S R and Co. as Statutory Auditors for Five-Year TermGujarat Narmada Valley Fertilizers & Chemicals Appoints M/s. B S R and Co. as Statutory Auditors for Five-Year Term
Gujarat Narmada Valley Fertilizers & Chemicals Limited announced on May 18, 2026, the Board-approved appointment of M/s. B S R and Co., Chartered Accountants, Ahmedabad (Firm Registration No. 128510W) as Statutory Auditors for a five-year term. The tenure will run from the conclusion of the 50th Annual General Meeting to the conclusion of the 55th Annual General Meeting, subject to shareholder approval. M/s. B S R and Co., constituted on September 01, 2007, is a member of B S R & Affiliates with 6,400+ staff, 400+ Partners, and presence across 14 cities in India. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations.
*this image is generated using AI for illustrative purposes only.
Gujarat Narmada Valley Fert & Chem Limited announced on May 18, 2026, that its Board of Directors approved the appointment of M/s. B S R and Co., Chartered Accountants, Ahmedabad, as the Company's Statutory Auditors. The decision was taken during a Board meeting held on May 18, 2026, based on the recommendation of the Audit Committee, and is subject to approval by shareholders at the ensuing Annual General Meeting. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Appointment Details
The key details of the statutory auditor appointment, as disclosed under the applicable Listing Regulations and SEBI Master Circular, are summarised below:
| Parameter: | Details |
|---|---|
| Auditor Name: | M/s. B S R and Co., Chartered Accountants |
| Office Location: | Ahmedabad |
| Firm Registration No.: | 128510W |
| Reason for Change: | Appointment |
| Date of Appointment: | May 18, 2026 |
| Term: | Five years |
| Commencement: | Conclusion of the 50th Annual General Meeting |
| Conclusion: | Conclusion of the 55th Annual General Meeting |
| Subject To: | Approval of Shareholders at the ensuing AGM |
Profile of M/s. B S R and Co.
M/s. B S R and Co. was constituted on September 01, 2007 as a partnership firm with Firm Registration No. 128510W. The registered office of the firm is located at 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Centre, Western Express Highway, Goregaon (East), Mumbai - 400063.
The firm is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India. Key highlights of the firm include:
- Registered in Mumbai, Gurgaon, Bangalore, and Hyderabad
- Presence across 14 cities in India
- Around 6,400+ staff and 400+ Partners
- Audits various companies listed on stock exchanges in India, including companies in the chemical sector
Regulatory Compliance
The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read 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. The intimation was signed by Rajesh Pillai, Company Secretary & Compliance Officer of Gujarat Narmada Valley Fertilizers & Chemicals Limited.
Historical Stock Returns for Gujarat Narmada Valley Fert & Chem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.42% | +13.31% | +8.79% | +7.88% | +3.40% | +37.61% |
How might B S R and Co.'s extensive experience auditing chemical sector companies influence GNFC's financial reporting standards and transparency going forward?
What changes in audit methodology or financial disclosures could shareholders expect following the transition to a large network firm like B S R and Co. at the 50th AGM?
Could the appointment of a Mumbai-headquartered firm with national presence signal GNFC's intent to pursue larger capital market activities or institutional investor engagement in the near term?
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