Gujarat Narmada Valley Fertilizers & Chemicals Limited has received a Force Majeure Notice regarding significant restrictions on its Re-gasified Liquefied Natural Gas (RLNG) supply allocation. The company announced that ongoing war in the Middle East region has adversely impacted LNG supply chains, leading to supply constraints affecting its operations.

Force Majeure Supply Chain Impact

The supply disruption originated from Petronet LNG Limited (PLL), which issued a Force Majeure Notice to GAIL (India) Limited citing transit constraints affecting LNG supply. Since GNFC's RLNG supply under its agreement with GAIL depends on GAIL's receipt of RLNG from PLL, GAIL has consequently issued a Force Majeure Notice to GNFC.

Production Impact on Neem Urea

The restricted RLNG allocation will directly impact GNFC's Neem Urea production operations. The company confirmed that while Neem Urea manufacturing will be affected due to the supply constraints, the production of other products remains unaffected as of the current date. Natural gas serves as a critical raw material for ammonia production, which is essential for urea manufacturing.

Ongoing Monitoring and Uncertainty

GNFC stated that the likely impact of the Force Majeure event, which is currently ongoing, cannot be estimated at this point. The company is closely monitoring the situation and has committed to keeping stock exchanges informed of any material developments regarding the supply constraints and their operational implications.

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.