Gujarat Alkalies & Chemicals Limited has announced the appointment of Mr. Sanjay Joshi as Additional and Non-Executive Independent Director, effective January 1, 2026. The appointment was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and is subject to shareholder approval.

Appointment Details

The company has provided comprehensive details regarding the new appointment as required by regulatory guidelines:

Professional Background

Mr. Sanjay Joshi brings extensive experience to the board, with over four decades of diverse professional experience in leadership roles across multiple industries. As a chemical engineer who began his career in 1980, he has developed significant expertise in several key areas:

• Global exposure in engineering and project management
• Focus on oil and gas, refining, petrochemicals, chemical projects and energy transition
• Leadership experience across India, Oman, Abu Dhabi and the United Kingdom
• Key role in expanding Aker Solutions' business in the upstream oil and gas sector
• Established India as execution centre across the value chain of oil and gas industry

Recognition and Current Roles

Mr. Joshi's contributions to the engineering sector have been recognized through prestigious awards. In 2015, he was honoured with the "Business Leader of the Year in Engineering Services" award by the Chem TECH Foundation.

Currently, he holds several important positions:

• Independent Director at Ion Exchange (India) Ltd.
• Independent Director at Ion Exchange Engineering and Projects Limited
• Non-executive Director at SLB Capturi India Private Ltd. (formerly Aker Carbon Capture India Private Limited)
• Member of Audit committee and Risk management committee at Ion Exchange (India) Ltd.
• Chairman of the CSR committee at Ion Exchange (India) Ltd.

Regulatory Compliance

The company has confirmed that Mr. Sanjay Joshi is not debarred from holding office of Director by virtue of any SEBI order or any such authority. The Board of Directors has also considered and approved the notice of Postal Ballot for seeking approval of shareholders for the appointment, ensuring full compliance with applicable provisions of the Companies Act, 2013 and SEBI regulations.

Next Steps

The appointment will proceed to shareholder approval through a postal ballot process, as approved by the Board of Directors. This step ensures adherence to corporate governance requirements and provides shareholders with the opportunity to formally approve the new board appointment.

Gujarat Alkalies & Chemicals Limited (GACL) has released its financial results for the second quarter and announced key corporate developments, including the cessation of Independent Director Shri Rajiv Lochan Jain effective December 31, 2025.

Financial Performance and Provisions

The company reported standalone revenue from operations of ₹1,907.32 crore for the quarter. GACL made a significant provision of ₹1,549.24 crore for goods damaged due to a fire at the facility of its contract manufacturer, Sanghvi Organics Pvt Ltd, located in Ankleshwar, Gujarat.

Director Changes and Board Decisions

GACL has formally announced that Shri Rajiv Lochan Jain (DIN: 00161022) ceased to be an Independent Director of the company effective December 31, 2025. This cessation follows the completion of his second five-year term as an Independent Director, as previously communicated by the company in November 2025.

The Board of Directors has also made other key appointments, including M/s Talati Talati LLP as Internal Auditors for a two-year term from July 1, 2026, to June 30, 2028.

Renewable Energy Expansion

GACL continues its focus on sustainable energy solutions with the Board granting in-principle approval for setting up an additional 42.9 MW Renewable Hybrid Power facility. This expansion adds to the company's ongoing renewable energy projects of 62.7 MW-75 MW, demonstrating its commitment to sustainability in the chemical industry.

Employee Investment

The company reported substantial employee benefits expense of ₹3,784.43 crore for the quarter, which included a significant component for pay revision. This investment reflects GACL's efforts to retain talent and boost productivity in a competitive market environment.

Gujarat Alkalies and Chemicals Limited's latest developments showcase the company's focus on governance transitions, operational efficiency, and sustainable growth while managing unexpected operational challenges through prudent financial provisions.