Gujarat Narmada Valley Fertilizers & Chemicals: Government Appoints Rajkumar Beniwal as Managing Director

The Government of Gujarat has announced a leadership change at Gujarat Narmada Valley Fertilizers & Chemicals , withdrawing the nomination of T. Natarajan as Managing Director and simultaneously appointing Rajkumar Beniwal to the position.

Leadership Transition Details

The state government's decision involves two key administrative actions regarding the company's top management position:

Action:	Details
Withdrawal:	T. Natarajan's nomination as Managing Director
New Appointment:	Rajkumar Beniwal nominated as Managing Director

Government Nomination Process

This development reflects the Government of Gujarat's direct involvement in the appointment of senior management positions at the fertilizer and chemicals company. The simultaneous withdrawal and new nomination indicates a strategic decision by the state government to change the leadership direction.

Company Overview

Gujarat Narmada Valley Fertilizers & Chemicals operates in the fertilizers and chemicals sector, with the state government maintaining significant influence over its management appointments. The company's leadership changes are subject to government nominations and approvals as part of its governance structure.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.16%	+2.44%	-2.40%	-11.08%	-6.75%	+138.73%

Gujarat State Fertilizers & Chemicals Limited (GSFC) has successfully concluded its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Manoj Kumar Das, IAS, as the company's new Director and Chairman. The resolution was passed with a decisive 92.74% of votes in favor, as announced on December 22, 2025.

Postal Ballot Results

The voting results demonstrate strong shareholder confidence in the new leadership appointment:

Category:	Total Votes	Votes in Favor	Votes Against	Approval Rate
Overall Result:	236,977,760	219,759,141	17,202,619	92.74%
Promoter Group:	150,799,905	150,799,905	0	100.00%
Public Institutional:	85,867,109	68,715,590	17,151,519	80.03%
Public Non-Institutional:	320,746	259,646	61,100	80.95%

Key Appointment Details

The appointment of Mr. Manoj Kumar Das follows the earlier announced parameters:

Parameter:	Details
Appointee:	Mr. Manoj Kumar Das, IAS (DIN: 06530792)
Position:	Director and Chairman (Non-Executive, Non-Independent)
Effective Date:	November 1, 2025
Tenure:	As decided by Government of Gujarat, not exceeding five years
Predecessor:	Mr. Pankaj Joshi, IAS (Retd.)

E-Voting Process Completion

The postal ballot was conducted entirely through remote e-voting, managed by Central Depository Services (India) Limited (CDSL). The voting process ran from November 21, 2025, at 9:00 a.m. to December 20, 2025, at 5:00 p.m. Mr. Niraj Trivedi, Practicing Company Secretary (FCS No.: 3844), served as the appointed Scrutinizer and submitted his report confirming the results.

About the New Chairman

Mr. Manoj Kumar Das brings extensive administrative experience to GSFC:

Currently serving as the 33rd Chief Secretary to the Government of Gujarat
Holds a B.Tech in Computer Science from IIT Kharagpur
Specializes in Revenue administration, Urban Management & Civic Issues, Law & Order, and Disaster Management
Born on December 20, 1966

Corporate Governance

The appointment follows an order from the Energy & Petrochemicals Department, Government of Gujarat. The company has fulfilled all regulatory requirements under Sections 108 and 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report are available on the company's website ( www.gsfclimited.com ) and CDSL's website ( www.evotingindia.com ).

This leadership transition marks a significant milestone for GSFC, with the strong shareholder approval reflecting confidence in the new chairman's ability to guide the company's strategic direction.