Gujarat Natural Resources Limited has issued a postal ballot notice to shareholders for approval of its strategic business expansion into commodities trading and real estate development. The company's Board of Directors, in their meeting held on January 30, 2026, had earlier approved amendments to the Memorandum of Association, which now require shareholder approval through postal ballot.

Postal Ballot Process and Timeline

The company has appointed Mr. Chintan K. Patel, Practicing Company Secretary (Membership No. A31987; COP No: 11959), as the Scrutinizer for conducting the postal ballot through remote e-voting process. The voting will be conducted exclusively through electronic mode, with no physical postal ballot forms being distributed.

Business Expansion Proposals

Shareholders will vote on two special resolutions for adding new business objects to the company's Memorandum of Association:

Commodities Trading Operations (Item No. 1)

The first resolution seeks approval for Clause III [A] (8), authorizing comprehensive commodities trading activities including:

• Trading in agricultural and non-agricultural commodities
• Metals including precious and base metals, bullion, and minerals
• Energy products, soft commodities, and hard commodities
• Operations through spot, forward, futures, options, and derivative contracts
• Trading on recognized and unrecognized markets in India and abroad

Real Estate Development (Item No. 2)

The second resolution covers Clause III [A] (9) for real estate and construction activities:

• Development, redevelopment, construction, and reconstruction projects
• Residential, commercial, industrial, institutional, and infrastructure projects
• Acting as developers, builders, contractors, or project managers
• Operations on owned, leased, licensed, or otherwise acquired properties

Regulatory Compliance and Voting Process

The postal ballot notice complies with Section 108 and 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has engaged Central Depository Services (India) Limited (CDSL) for facilitating the e-voting process.

Shareholders whose email addresses are registered with the company or depositories as on the cut-off date will receive the postal ballot notice electronically. The Board considers both proposed business expansions to be in the best interests of the company and its shareholders, aimed at diversifying operations and creating additional growth opportunities.

Gujarat Natural Resources Limited has successfully completed its postal ballot process to regularize the appointment of Mr. Harsadsinh Bhurubha Rana (DIN: 06421027) as a Non-Executive Independent Director. The company announced the voting results on January 21, 2026, following the conclusion of the remote e-voting process.

Postal Ballot Resolution Details

The special resolution sought shareholder approval for the regularization of Mr. Harsadsinh Bhurubha Rana's appointment as an Independent Director. The postal ballot notice was issued on December 19, 2025, with the voting process conducted entirely through remote e-voting in compliance with regulatory requirements.

Voting Process and Timeline

The remote e-voting process was conducted through Central Depository Services Limited (CDSL) as the service provider. The voting commenced on December 23, 2025, at 9:00 AM and concluded on January 21, 2026, at 5:00 PM. Mr. Chintan K. Patel (Membership No.: 31987, COP: 11959), a practicing Company Secretary, was appointed as the Scrutinizer for the postal ballot process.

Comprehensive Voting Results

The resolution received overwhelming support from shareholders across all categories. The detailed voting breakdown demonstrates strong confidence in the director's appointment:

Scrutinizer's Confirmation

Mr. Chintan K. Patel, the appointed Scrutinizer, submitted his report confirming that the special resolution was passed with the requisite majority. A total of 60 members participated in the e-voting process, with 58 members voting in favor and only 2 members voting against the resolution. No invalid votes were recorded during the process.

Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company published advertisements in "Free Press Gujarat" (English) and "Lok Mitra" (Gujarati) newspapers on December 23, 2025, informing shareholders about the postal ballot process.

The voting results and Scrutinizer's report have been made available on the company's website at www.gnrl.in and CDSL's e-voting platform at www.evotingindia.com , ensuring transparency and accessibility for all stakeholders.