Gujarat Fluorochemicals has announced the passing of its Chairman and Director, Shri Devendra Kumar Jain, who departed on December 29, 2025. The company made this announcement through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Loss

Shri Devendra Kumar Jain, holding Director Identification Number (DIN) 00029782, served as the founder promoter and Chairman of the Board. According to the company's statement, he made significant contributions to the success of Gujarat Fluorochemicals Limited throughout his tenure.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both stock exchanges about this development:

Corporate Impact

The announcement detailed the formal cessation information as required under regulatory guidelines:

Company Response

Gujarat Fluorochemicals Limited expressed that Jain's loss is deeply mourned by the Board of Directors, management, and employees of the company. The filing was signed by Company Secretary Bhavin Desai (FCS 7952) and submitted in accordance with SEBI's Master Circular dated November 11, 2024.

The company has provided all additional details required under the regulatory framework, ensuring complete transparency regarding this significant leadership change. As a founder promoter, Jain's contribution to building and developing the fluorochemicals business will be remembered as part of the company's legacy.

Gujarat Fluorochemicals Ltd. recorded a significant block trade on the National Stock Exchange (NSE), highlighting notable institutional activity in the chemical sector company's shares.

Block Trade Details

The transaction involved substantial volume and value, demonstrating significant market interest in the company's stock.

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These trades are often conducted to minimize market impact while facilitating substantial share transfers. The execution price of ₹3,633.60 per share reflects the prevailing market conditions at the time of the transaction.

Transaction Context

Such substantial block trades often indicate portfolio rebalancing activities, strategic investments, or divestment decisions by large stakeholders. The transaction volume of 81,234 shares represents a meaningful portion of trading activity and suggests institutional interest in Gujarat Fluorochemicals' market position within the chemicals sector.

The block trade mechanism allows for efficient price discovery and execution of large orders without significantly disrupting regular market trading patterns, benefiting both buyers and sellers in substantial transactions.