Gujarat Fluorochemicals Limited has issued a postal ballot notice seeking shareholder approval for a significant revision in the remuneration of its Deputy Managing Director. The company announced this development through a regulatory filing dated 12th February, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Remuneration Revision Details

The postal ballot seeks approval for revising Dr. Bir Kapoor's (DIN 01771510) annual remuneration from Rs. 6.00 crores to Rs. 8.00 crores, effective from 1st April, 2025. This revision will remain applicable until the completion of his existing term on 2nd November, 2026.

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with voting conducted exclusively through remote e-voting. The cut-off date for determining eligible shareholders has been set as 6th February, 2026.

The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility, while M/s TNT & Associates, Practicing Company Secretaries, have been appointed as the Scrutinizer for conducting the postal ballot process.

Background and Justification

Dr. Bir Kapoor was initially appointed as Deputy Managing Director for a three-year term commencing from 3rd November, 2023 to 2nd November, 2026. His remuneration was previously revised from Rs. 3.75 crores to Rs. 6.00 crores per annum with effect from 1st April, 2024, following shareholder approval on 2nd March, 2025.

The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, approved this latest revision on 12th February, 2026. The company cited growth, profitability, expansion of operations, and increased responsibilities as key factors justifying the remuneration enhancement.

Executive Profile

Dr. Bir Kapoor brings extensive industry expertise to his role, with 38 years of experience in Fluoropolymers, Fluorospeciality Chemicals, FMCG, Textiles & Fiber Technology Development, Fibers, Metals and Chemicals. He holds a B.Tech in Chemical Engineering from IIT Kanpur and a Ph.D. in Chemical Engineering from City University of New York, along with completion of the Advanced Management Program at Harvard Business School.

The proposed remuneration structure will include salary, allowances, performance pay, and perquisites as per company rules and regulations, subject to limits prescribed under the Companies Act, 2013. Shareholders can access the complete postal ballot notice on the company's website at www.gfl.co.in and NSDL's e-voting portal at www.evoting.nsdl.com .

Gujarat Fluorochemicals Limited has announced a significant international expansion through its subsidiary structure, with GFCL EV (SFZ) LLC signing crucial investment agreements with Sultanate of Oman authorities. The move represents a strategic step into advanced battery materials manufacturing for the growing electric vehicle and energy storage markets.

Investment Agreement Details

GFCL EV (SFZ) LLC, a subsidiary of GFCL EV Products Limited, which is itself a subsidiary of Gujarat Fluorochemicals Limited, has formalized agreements to establish a greenfield manufacturing facility at Salalah Free Zone in Oman. The project involves substantial financial commitment and strategic partnerships with Omani authorities.

Manufacturing Focus and Applications

The state-of-the-art greenfield project will concentrate on manufacturing advanced battery materials specifically designed for New Age industries. The facility will cater to the rapidly expanding electric vehicle sector and energy storage applications, positioning the company in high-growth market segments.

Parent Company Profile

GFCL EV Products Limited operates under the INOXGFL Group umbrella, which maintains diversified business interests across multiple sectors. The group's portfolio encompasses fluoropolymers, refrigerants, chemicals, and renewable energy solutions including wind and solar power generation.

Regulatory Compliance

The announcement was made through a formal press release disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 12, 2026, ensuring full regulatory compliance and transparency for stakeholders.