Gujarat Narmada Valley Fert & Chem (GNFC) has announced changes in its leadership and governance structure. The company has issued a postal ballot notice seeking shareholder approval for two key matters: the appointment of Shri Manoj Kumar Das, IAS as Director and Chairman, and the ratification of remuneration for the cost auditor.

Key Details of the Appointment

The appointment of Shri Manoj Kumar Das as Director and Chairman follows the earlier approval by the Board of Directors through a Circular Resolution passed on November 4, as per the recommendation of the Nomination and Remuneration Committee.

Cost Auditor Remuneration

GNFC is also seeking shareholder approval to ratify the remuneration of ₹1.10 lakh for the cost auditor, M/s. KG Goyal Associates.

E-Voting Process

GNFC has initiated an e-voting process for these matters:

• Start Date: December 3
• End Date: January 1
• Results Expected: By January 5

Regulatory Compliance

This postal ballot notice and the e-voting process demonstrate GNFC's commitment to regulatory compliance and shareholder engagement. The company continues to adhere to the requirements set by the Securities and Exchange Board of India (SEBI) and other regulatory authorities.

Upcoming Investor Conference Call

As previously announced, GNFC has scheduled an investor/analyst conference call for November 13, at 4:00 PM IST to discuss the company's Q2 financial performance. Key participants from GNFC's management team will include:

• Mr. D. V. Parikh, Executive Director & Chief Financial Officer
• Mr. Nitin Patel, Executive Director
• Mr. Rajesh Pillai, Company Secretary & Compliance Officer

These developments, including the leadership change, cost auditor remuneration approval, and the upcoming financial discussion, underscore GNFC's commitment to transparent communication with its stakeholders and adherence to regulatory standards in corporate governance.

Gujarat Narmada Valley Fert & Chem (GNFC) has announced the resignation of its cost auditors for the financial year 2025-26. The company informed the stock exchanges about this development in compliance with SEBI listing regulations.

Key Details of the Resignation

The cost auditors submitted their resignation letter dated November 3, 2025, with immediate effect. GNFC has taken this resignation on record and duly informed the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as required under SEBI listing regulations.

Implications and Next Steps

The resignation of cost auditors is a significant corporate action that may have implications for the company's financial reporting processes. GNFC will likely need to appoint new cost auditors for the financial year 2025-26 to ensure compliance with regulatory requirements.

As per the LODR (Listing Obligations and Disclosure Requirements) data, GNFC has promptly disclosed this material information to the stock exchanges, demonstrating its commitment to transparency and regulatory compliance. The company has provided the necessary details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GNFC continues to operate in the fertilizer and chemicals sector, and this change in cost auditors is not expected to affect its day-to-day operations. However, it is an important corporate governance matter that the company will need to address to maintain its financial reporting standards.