Gujarat Fluorochemicals has received a regulatory disclosure regarding the transmission of shares within its promoter group. Vivek Kumar Jain has acquired 20,100 equity shares representing 0.02% stake through transmission from his late father, Late Shri Devendra Kumar Jain, who was a member of the promoter and promoter group of the company.

Share Transmission Details

The transmission was completed on February 16, 2026, and disclosed to both BSE Limited and National Stock Exchange of India Limited on February 18, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Position

Following this transmission, Vivek Kumar Jain's total shareholding in Gujarat Fluorochemicals Limited has increased from 20,100 shares to 40,200 shares, representing an increase from 0.02% to 0.04% of the company's total equity share capital.

Company Capital Structure

Gujarat Fluorochemicals Limited's equity share capital remains unchanged at Rs. 10,98,50,000 divided into 10,98,50,000 equity shares of Re. 1 each, fully paid up. The company's shares are listed on both BSE Limited (Scrip Code: 542812) and National Stock Exchange of India Limited (Symbol: FLUOROCHEM).

Persons Acting in Concert

The disclosure identifies several entities as Persons Acting in Concert (PACs) with the acquirer, including Inox Leasing and Finance Limited, Aryavardhan Trading LLP, Devansh Trademart LLP, Devansh Jain, and Nandita Jain. The transmission represents an internal reorganization within the promoter group structure of the company.

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 .