Gujarat Alkalies & Chemicals Limited has announced a postal ballot notice to seek shareholder approval for the appointment of Shri Sanjay Joshi as an Independent Director of the company. The voting process will be conducted entirely through remote electronic voting, in compliance with regulatory requirements and MCA circulars.

Postal Ballot Details

The company has set specific timelines for the postal ballot process, with all voting to be conducted electronically. The cut-off date for determining eligible shareholders has been established as February 13, 2026.

Director Appointment Proposal

The postal ballot seeks approval for appointing Shri Sanjay Joshi (DIN: 01656787) as an Independent Director for a term of five consecutive years. He was initially appointed as an Additional Director with effect from January 1, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Professional Background

Shri Sanjay Joshi brings extensive experience to the board, with over four decades of professional experience across multiple industries. He is a chemical engineer who graduated from Laxminarayan Institute of Technology, Nagpur University, and has held leadership positions in engineering companies across India, Oman, Abu Dhabi, and the United Kingdom.

His expertise spans oil and gas, refining, petrochemicals, chemical projects, and energy transition. He played a key role in expanding Aker Solutions' business in the upstream oil and gas sector and established India as an execution center across the value chain of the oil and gas industry. In recognition of his contributions, he received the "Business Leader of the Year in Engineering Services" award from the ChemTECH Foundation in 2015.

Current Directorships and Committee Positions

Joshi currently serves as an Independent Director at Ion Exchange (India) Ltd. and Ion Exchange Engineering and Projects Limited. He also works as a non-executive Director at SLB Capturi India Private Ltd. (formerly Aker Carbon Capture India Private Limited).

At Ion Exchange (India) Ltd., he serves as:

• Member of Audit Committee
• Member of Risk Management Committee
• Chairman of CSR Committee

At Gujarat Alkalies and Chemicals Limited, he has been appointed as a member of the Project Committee and Risk Management-cum-Safety Committee with effect from February 6, 2026.

Voting Process and Compliance

The company will conduct the postal ballot entirely through electronic means, with no physical postal ballot forms being sent to shareholders. This approach aligns with MCA Circular No. 14/2020, No. 17/2020, and General Circular No. 03/2025. Central Depository Services (India) Limited (CDSL) has been appointed to facilitate the remote e-voting process.

Shareholders whose email addresses are registered with the company, registrar and transfer agent, or depository participants will receive the postal ballot notice electronically. The results, along with the scrutinizer's report, will be displayed on the company's website, stock exchange websites, and CDSL's website upon declaration.

Gujarat Alkalies & Chemicals Limited has announced its financial results for the third quarter ended December 31, 2025, showcasing steady revenue growth and improved operational efficiency. The company reported standalone revenue from operations of Rs.1,04,446 lakhs for Q3FY26, marking a 0.70% increase from Rs.1,02,941 lakhs in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial performance for Q3FY26 demonstrated mixed results across key metrics:

For the nine months ended December 31, 2025, the company showed stronger performance with revenue from operations reaching Rs.3,23,277 lakhs compared to Rs.2,99,744 lakhs in the previous year, representing growth of 7.85%.

EBITDA Performance and Operational Efficiency

The company achieved significant improvement in EBITDA performance during the quarter. EBITDA for Q3FY26 increased by 19% to Rs.135 crores compared to Rs.113 crores in the corresponding quarter of the previous year. For the nine months period, EBITDA grew substantially by 25% to Rs.394 crores from Rs.314 crores in the previous year.

The company successfully increased capacity utilization across various plants and achieved higher production levels in major products. Additionally, improved sales realization in several product categories contributed to the enhanced performance. Energy cost reduction continued during the nine months period due to increased use of renewable power, with the share of renewable energy increasing to 35.7% from 29.7% during FY 2024-25.

Major Capital Expenditure Approvals

The Board of Directors approved three significant capital expenditure projects with a combined investment of Rs.1,029 crore:

Bio-fuel and Coal Fired Boilers Installation

Food Grade Phosphoric Acid Plant

Caustic Potash Capacity Enhancement

Financial Facility and Strategic Initiatives

The Board approved availing a Line of Credit facility of Rs.250 crore from Gujarat State Financial Services Ltd (GSFS). The company will submit further details upon acceptance of the sanction letter.

The company continues implementing various initiatives under project "Ahvaan" focusing on enhancing operating efficiency, cost optimization, capacity utilization, green energy adoption, organizational development, digitization, and AI implementation. These initiatives are expected to contribute to improved operational efficiencies across short to long-term horizons.

Accounting Adjustments and Regulatory Compliance

During the quarter, the company corrected the valuation methodology for Spent Palladium (Pd) catalyst inventory in accordance with Ind AS 8. This correction increased the carrying value from Rs.301.11 lakhs to Rs.2,130.59 lakhs as at December 31, 2025, resulting in a corresponding profit increase of Rs.1,829.48 lakhs for the quarter and nine months ended December 31, 2025.

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee before Board approval on February 6, 2026. The Board Meeting commenced at 2:30 P.M. and concluded at 5:00 P.M. The results were announced pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.