Gujarat Natural Resources Limited has informed BSE Limited about a separate meeting of Independent Directors scheduled for March 23, 2026. The company filed this intimation on March 18, 2026, in compliance with regulatory requirements under Regulation 29.

Meeting Details and Agenda

The Independent Directors meeting will be held at the company's registered office on Monday, March 23, 2026. The meeting has been convened to address several critical governance matters that are essential for effective board oversight.

Key Agenda Items

The meeting will cover four primary areas of board governance and performance evaluation:

• Performance Review of Non-Independent Directors: Independent Directors will assess the effectiveness and contribution of Non-Independent Directors to the board's functioning
• Board Performance Evaluation: Comprehensive review of the Board of Directors' performance as a collective body
• Chairperson Assessment: Evaluation of the chairperson's leadership and performance in guiding the company
• Information Flow Assessment: Review of the quality, quantity, and timeliness of information flow between company management and board directors

Regulatory Compliance

This separate meeting of Independent Directors represents a standard governance practice mandated under corporate regulations. The assessment of information flow between management and the board is particularly crucial for ensuring that directors can effectively and reasonably perform their duties.

The intimation was signed by Shalin A. Shah, Managing Director (DIN: 00297447), and submitted to BSE Limited's Department of Corporate Services. The company trades on BSE under the security code 513536 with security ID GNRL.

Gujarat Natural Resources Limited has successfully completed its postal ballot process and formally announced the voting results to BSE Limited under Regulation 44 of SEBI Listing Regulations. The company's shareholders overwhelmingly approved two special resolutions to expand business operations into commodities trading and construction & development sectors, with the remote e-voting concluding on 4th March, 2026 at 5:00 P.M. IST.

Formal Regulatory Disclosure

The company has submitted its official voting results to BSE Limited, providing comprehensive details of the postal ballot process conducted in accordance with Sections 108, 110 and other applicable provisions of the Companies Act, 2013. Managing Director Shalin Shah (DIN: 00297447) signed the formal disclosure, confirming compliance with all regulatory requirements.

Resolution 1: Commodities Trading Expansion

The first special resolution sought approval for adding commodities trading to the company's business objectives, receiving exceptional shareholder support across all categories.

Resolution 2: Construction & Development

The second special resolution focused on expanding into construction and development activities, achieving similar overwhelming approval from the shareholder community.

Scrutinizer's Report and Process Validation

Scrutinizer Chintan K. Patel submitted his comprehensive report confirming the validity of the postal ballot process. The remote e-voting was conducted through Central Depository Services (India) Limited, with votes unblocked and scrutinized in the presence of two independent witnesses as per regulatory requirements.

New Business Object Clauses

The approved amendments will insert two new clauses in the Main Object Clause of the Memorandum of Association, enabling the company to diversify its business portfolio significantly.

The commodities trading clause encompasses comprehensive activities including agricultural and non-agricultural commodities, precious and base metals, bullion, minerals, energy products, and derivative contracts across recognized and unrecognized markets both in India and abroad. The construction clause covers development, redevelopment, construction, reconstruction, renovation, remodeling, planning, designing, and project management across various property types.

Strategic Business Expansion

With both resolutions passed with requisite majority, Gujarat Natural Resources Limited can now formally commence operations in commodities trading and construction & development sectors. The company has made the voting results and scrutinizer's report available on its website at www.gnrl.in and CDSL's platform at www.evotingindia.com , ensuring complete transparency and regulatory compliance. This strategic expansion marks a significant milestone in the company's diversification strategy and commitment to exploring new growth opportunities.