Gujarat Natural Resources Limited has successfully completed its postal ballot process to regularize the appointment of Mr. Harsadsinh Bhurubha Rana (DIN: 06421027) as a Non-Executive Independent Director. The company announced the voting results on January 21, 2026, following the conclusion of the remote e-voting process.

Postal Ballot Resolution Details

The special resolution sought shareholder approval for the regularization of Mr. Harsadsinh Bhurubha Rana's appointment as an Independent Director. The postal ballot notice was issued on December 19, 2025, with the voting process conducted entirely through remote e-voting in compliance with regulatory requirements.

Voting Process and Timeline

The remote e-voting process was conducted through Central Depository Services Limited (CDSL) as the service provider. The voting commenced on December 23, 2025, at 9:00 AM and concluded on January 21, 2026, at 5:00 PM. Mr. Chintan K. Patel (Membership No.: 31987, COP: 11959), a practicing Company Secretary, was appointed as the Scrutinizer for the postal ballot process.

Comprehensive Voting Results

The resolution received overwhelming support from shareholders across all categories. The detailed voting breakdown demonstrates strong confidence in the director's appointment:

Scrutinizer's Confirmation

Mr. Chintan K. Patel, the appointed Scrutinizer, submitted his report confirming that the special resolution was passed with the requisite majority. A total of 60 members participated in the e-voting process, with 58 members voting in favor and only 2 members voting against the resolution. No invalid votes were recorded during the process.

Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company published advertisements in "Free Press Gujarat" (English) and "Lok Mitra" (Gujarati) newspapers on December 23, 2025, informing shareholders about the postal ballot process.

The voting results and Scrutinizer's report have been made available on the company's website at www.gnrl.in and CDSL's e-voting platform at www.evotingindia.com , ensuring transparency and accessibility for all stakeholders.

Gujarat natural resources Limited has received regulatory approval for a significant corporate restructuring involving its subsidiary companies. The company informed the BSE on January 21, 2026, about the National Company Law Tribunal's approval for its amalgamation scheme.

NCLT Approval Details

The Hon'ble National Company Law Tribunal (NCLT), Ahmedabad, delivered its order on January 20, 2026, approving the Scheme of Amalgamation involving the company's subsidiary entities. The approval covers the amalgamation of two key subsidiary companies under the Gujarat Natural Resources Limited umbrella.

Amalgamation Structure

The scheme involves the amalgamation of GNRL Oil & Gas Limited, which serves as the transferor company, into GNRL Oil & Gas (I) Private Limited, designated as the transferee company. This corporate restructuring will consolidate the operations of the step-down subsidiary into the wholly owned subsidiary entity.

Implementation Timeline

The approved scheme will become effective upon completion of specific regulatory requirements. The company must file the certified copy of the NCLT order with the Registrar of Companies and fulfill other conditions as specified in the scheme document.

Regulatory Compliance

Gujarat Natural Resources Limited has made this disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Managing Director Shalin A. Shah and communicated to the BSE's Department of Corporate Services.

The amalgamation represents a strategic corporate restructuring move that will streamline the company's subsidiary structure in the oil and gas sector.