Gujarat Narmada Valley Fertilizers & Chemicals Limited has issued a postal ballot notice to its shareholders seeking approval for the appointment of three senior IAS officers to its Board of Directors. The notice, dated February 24, 2026, outlines three ordinary resolutions that require member approval through remote e-voting.

Proposed Director Appointments

The company is seeking shareholder approval for the following appointments:

Managing Director Appointment

Shri Rajkumar Beniwal, IAS, a 2004 batch Gujarat cadre officer, has already assumed charge as Managing Director with effect from December 29, 2025, following his nomination by the Government of Gujarat. He replaces Dr. T. Natarajan, IAS, who ceased to hold the office of Managing Director from the same date. Beniwal brings nearly two decades of distinguished public service, holding a B.Tech. degree in Mechanical Engineering from IIT (BHU), Varanasi, and a Master's degree in Public Administration from Duke University, USA.

His career highlights include serving as full-time Vice-Chairman and Chief Executive Officer of the Gujarat Maritime Board, Managing Director of Gujarat Urban Development Company Limited, and Commissioner of Municipalities Administration. Currently, he holds additional charge as Secretary – Housing & Nirmal Gujarat, Urban Development and is Senior Government Officer for Economic Master Plan (EMP), Kutch.

Additional Director Appointments

Shri Ashwini Kumar, IAS, a 1997-batch Gujarat cadre officer, currently serves as Principal Secretary, Energy & Petrochemicals Department, Government of Gujarat. He was appointed as Additional Director through circular resolution with effect from January 27, 2026. Kumar holds a B.Tech. in Chemical Engineering and an M.Sc. in Public Services Policy and Management, bringing over 29 years of experience in public administration.

Dr. Rajender Kumar, IAS, a 2004-batch Gujarat cadre officer, was appointed as Additional Director with effect from February 10, 2026. He currently serves as Commissioner of Transport, Government of Gujarat, and holds a B.A.M.S. in Ayurvedic. His experience includes serving as District Development Officer for Bharuch and Ahmedabad districts, and as Collector & District Magistrate of Rajkot and Surat.

E-Voting Process and Timeline

The company has established a comprehensive e-voting framework for the postal ballot:

Only members whose names appear in the Register of members or List of beneficial owners as on the cut-off date will be eligible to cast their votes through remote e-voting. The company has engaged KFin Technologies Limited to provide the remote e-voting facility.

Regulatory Compliance

The postal ballot process complies with Section 110 read with Section 108 of the Companies Act, 2013, Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointments also align with Regulation 17(1C) of the Listing Regulations, which requires Board appointments to be approved at the next General Meeting or within three months of appointment.

The scrutinizer will submit the report on the postal ballot results on or before Tuesday, March 31, 2026. The results, along with the scrutinizer's report, will be published on the company's website and communicated to the stock exchanges where GNFC's equity shares are listed.

Gujarat narmada valley fert & chem has received an independent ESG (Environmental, Social, and Governance) rating of 70 from CFC Finlease Private Limited. The company made this disclosure through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on February 24, 2026.

ESG Rating Details

The ESG rating assignment represents an independent assessment by CFC Finlease Private Limited. Gujarat Narmada Valley Fertilizers & Chemicals Limited specifically clarified that the company did not engage CFC Finlease for this ESG rating evaluation, emphasizing the independent nature of this assessment.

Regulatory Compliance and Notification

The company received email notification from BSE Limited on February 24, 2026, informing about CFC Finlease's submission of the company's ESG disclosure. This notification process demonstrates the systematic approach adopted by stock exchanges for ESG-related disclosures and ratings.

Company Information Access

Gujarat Narmada Valley Fertilizers & Chemicals Limited has made this ESG rating information available on its official website at www.gnfc.in , ensuring transparency and easy access for stakeholders. The company maintains its commitment to regulatory compliance and stakeholder communication through proper disclosure mechanisms.

The ESG rating reflects the company's performance across environmental, social, and governance parameters, providing investors and stakeholders with insights into the company's sustainability practices and corporate governance standards.