Gujarat Narmada Valley Fert & Chem has successfully completed its postal ballot process, with shareholders approving both key resolutions with overwhelming majority. The company announced the voting results on January 2, confirming the appointment of Shri Manoj Kumar Das, IAS as Director and Chairman, and ratification of cost auditor remuneration.

Postal Ballot Process Overview

The e-voting process was conducted from December 3 to January 1, with CS J. J. Gandhi serving as the scrutinizer. Out of 280,985 total shareholders on record date (November 28), significant participation was recorded across all categories.

Resolution 1: Chairman Appointment Results

The appointment of Shri Manoj Kumar Das, IAS (DIN: 06530792) as Director and Chairman received strong support across all shareholder categories with 96.75% approval.

Resolution 2: Cost Auditor Remuneration

The ratification of cost auditor remuneration for M/s. KG Goyal Associates received even stronger support, with 99.99% approval rate.

Voting Participation Analysis

The postal ballot witnessed substantial participation with 61.41% of total shares being voted. Promoter and promoter group showed complete participation with 100% voting, while public institutions demonstrated high engagement at 87.15% participation rate.

Regulatory Compliance

The postal ballot process was conducted in full compliance with the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and MCA circulars. The company dispatched notices via email on December 1 and published public advertisements in Business Standard (English) and Loksatta Jansatta (Gujarati) on December 2.

The successful completion of this postal ballot process demonstrates GNFC's commitment to transparent governance and shareholder engagement, with both resolutions now formally approved and effective from January 1.

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.