Gujarat Fluorochemicals Limited has successfully completed its postal ballot process, with all three proposed resolutions receiving overwhelming shareholder approval. The company declared the voting results on December 15, 2025, following the completion of remote e-voting that concluded on December 12, 2025. The company has also filed the necessary regulatory disclosures with stock exchanges regarding the Articles of Association amendments.

Postal Ballot Results Overview

The postal ballot witnessed strong participation from shareholders, with the following key statistics:

Resolution-wise Voting Results

All three resolutions were passed with requisite majority:

Resolution 1: Appointment of Mr. Niraj Kishore Agnihotri

Type: Ordinary Resolution
Result: Passed with 97.70% votes in favor

Mr. Agnihotri brings over 34 years of experience in manufacturing and strategic planning, with proposed annual remuneration up to ₹2.55 crore for a one-year term from November 11, 2025, to November 10, 2026.

Resolution 2: Appointment of Mr. Shesh Narayan Pandey

Type: Ordinary Resolution
Result: Passed with 98.61% votes in favor

Mr. Pandey, with over 33 years in manufacturing operations and production planning, will receive annual remuneration up to ₹1.30 crore for the same one-year term.

Resolution 3: Amendment to Articles of Association

Type: Special Resolution
Result: Passed with 100.00% votes in favor

Articles of Association Amendment Details

The company has filed regulatory disclosures with BSE and NSE regarding the specific amendments to Para two of Article 58 of the Articles of Association. The amendment ensures compliance with Section 152 of the Companies Act, 2013:

Scrutinizer Certification

TNT Associates, Practicing Company Secretaries, served as the scrutinizer for the postal ballot process. The scrutinizer's report confirmed the validity of the voting process and results, with all resolutions deemed passed on December 12, 2025, the last date of e-voting.

The successful completion of this postal ballot strengthens Gujarat Fluorochemicals' leadership team and aligns its governance structure with regulatory requirements, positioning the company for enhanced operational efficiency in the fluorochemicals sector.

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.