Gujarat Fluorochemicals Limited (GFL) has initiated a postal ballot to seek shareholder approval for three significant resolutions, including the appointment of two new whole-time directors and an amendment to its Articles of Association. The company is conducting the voting process through remote e-voting from November 13, 2025, to December 12, 2025.

Appointment of New Whole-Time Directors

GFL proposes to appoint two experienced professionals to its board as whole-time directors:

1. Mr. Niraj Kishore Agnihotri (DIN: 09204198)

   • Proposed Term: One year (November 11, 2025, to November 10, 2026)
   • Proposed Annual Remuneration: Up to Rs. 2.55 crore
   • Experience: Over 34 years in manufacturing, plant operations, and strategic planning
   • Qualification: Bachelor's in Chemical Engineering from HBTI, Kanpur

2. Mr. Shesh Narayan Pandey (DIN: 02000823)

   • Proposed Term: One year (November 11, 2025, to November 10, 2026)
   • Proposed Annual Remuneration: Up to Rs. 1.30 crore
   • Experience: Over 33 years in manufacturing operations, production planning, and strategic management
   • Qualification: B. Tech. in Chemical Engineering and Executive Leadership from IIM Ahmedabad

Both candidates bring extensive experience in chemical engineering and manufacturing operations, which aligns with GFL's business in the fluorochemicals sector.

Amendment to Articles of Association

The company is also seeking approval to alter its Articles of Association regarding the retirement of directors by rotation. The proposed amendment states:

"Managing Director, Deputy Managing Director and Independent Directors of the Company shall not be liable to retire by rotation. All other Directors will retire by rotation as provided in Section 152 of the Companies Act, 2013."

This change aims to ensure compliance with Section 152(6)(a) of the Companies Act, 2013, which requires at least two-thirds of a public company's directors to be subject to retirement by rotation.

Voting Process

Shareholders can cast their votes electronically through the National Securities Depository Limited (NSDL) e-voting platform. The voting period is set from 9:00 A.M. IST on November 13, 2025, to 5:00 P.M. IST on December 12, 2025. The results of the postal ballot are expected to be declared by December 16, 2025.

These proposed changes reflect Gujarat Fluorochemicals' efforts to strengthen its leadership team and align its governance structure with regulatory requirements. Shareholders' approval of these resolutions could potentially impact the company's management structure and corporate governance practices in the coming year.

Gujarat Fluorochemicals Limited (GFL) has released its financial results for the second quarter and first half of fiscal year 2026, showcasing robust performance across its business segments.

Financial Highlights

For the six months ended September 30, 2025, GFL reported:

• Consolidated revenue from operations of Rs. 2,491.00 crores, up 5.37% from Rs. 2,364.00 crores in the same period last year
• EBITDA of Rs. 708.00 crores, representing a 27.07% increase from Rs. 557.00 crores in H1 FY2025
• Net profit of Rs. 363.00 crores, a significant 58.52% jump from Rs. 229.00 crores in the corresponding period

The company's net profit margin improved to 14.95% in H1 FY2026, compared to 10.00% in H1 FY2025, indicating enhanced operational efficiency.

Segment Performance

GFL operates in two main segments:

1. Chemicals: This segment, comprising bulk chemicals, fluorochemicals, and fluoropolymers, continues to be the primary revenue driver. For H1 FY2026, it generated:

   • Revenue of Rs. 2,502.00 crores
   • EBITDA of Rs. 735.00 crores

2. EV Products: This newer segment, focused on battery chemicals and allied activities, is still in its growth phase. For H1 FY2026, it reported:

   • Revenue of Rs. 4.00 crores
   • EBITDA loss of Rs. 27.00 crores

Balance Sheet Strength

As of September 30, 2025, GFL maintained a strong financial position:

• Total assets stood at Rs. 10,618.00 crores
• Shareholders' equity increased to Rs. 7,662.00 crores
• The debt-to-equity ratio improved to 0.23, down from 0.29 at the end of FY2025

Strategic Developments

The company has made progress on several strategic fronts:

1. EV Products Expansion: GFL continues to invest in its EV products segment, positioning itself for future growth in the battery materials market.

2. Investments: During Q2 FY2026, the group invested Rs. 8.00 crores in equity shares of Flurry Wind Energy Private Limited.

3. Corporate Restructuring: The company is in the process of implementing a Composite Scheme of Arrangement involving its holding company and other group entities, which is expected to streamline the corporate structure.

Management Commentary

Vivek Jain, Managing Director of Gujarat Fluorochemicals Limited, stated, "Our strong performance in the first half of FY2026 reflects the resilience of our core chemicals business and our strategic investments in future growth areas. While the EV products segment is still in its early stages, we are confident in its long-term potential. Our focus remains on operational excellence, innovation, and sustainable growth across all our business segments."

Outlook

With a solid financial foundation and strategic initiatives underway, Gujarat Fluorochemicals Limited appears well-positioned to capitalize on opportunities in both its established chemicals business and the emerging EV materials market. The company's improved profitability and strong balance sheet provide a robust platform for future growth and expansion.

Investors and stakeholders will be watching closely to see how GFL's investments in the EV products segment mature and contribute to overall performance in the coming quarters.