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Latest news about Gujarat State Fertilizers & Chemicals

Gujarat State Fertilizers & Chemicals Limited Seeks Shareholder Approval for New Chairman Appointment 10 days ago

Gujarat State Fertilizers & Chemicals Limited (GSFC) has begun a postal ballot process to appoint Mr. Manoj Kumar Das, IAS, as the new Director and Chairman. The appointment, effective from November 1, 2025, follows an order from the Gujarat government. E-voting for shareholders will run from November 21 to December 20, 2025, with results expected by December 23. Mr. Das, currently the Chief Secretary of Gujarat, will succeed Mr. Pankaj Joshi, IAS (Retd.) in a non-executive, non-independent role for a tenure decided by the state government, not exceeding five years.

Gujarat State Fertilizers Reports Robust Q2 FY26 Performance with 21% Revenue Growth Nov 18, 2025

GSFC Reports Record Q2 Performance with 20% Revenue Growth Nov 11, 2025

Gujarat State Fertilizers & Chemicals Appoints Manoj Kumar Das as Director Chairman Nov 04, 2025

Gujarat State Fertilizers & Chemicals Appoints Manoj Kumar Das as New Chairman Nov 02, 2025

More news about Gujarat State Fertilizers & Chemicals

01Nov 25

Gujarat State Fertilizers & Chemicals Limited Announces Chairman's Resignation

Pankaj Joshi, IAS (Retd.), has resigned as Chairman of Gujarat State Fertilizers & Chemicals Limited (GSFC), effective October 31, 2025, due to his superannuation as Chief Secretary to the Government of Gujarat. Joshi has also stepped down from leadership positions in several other Gujarat state companies, including Gujarat Narmada Valley Fertilizers & Chemicals Limited, Gujarat State Petronet Limited, and Gujarat Gas Limited. GSFC has notified the stock exchanges about this change in compliance with SEBI regulations.

30Sept 25

GSFC Launches Anti-Dumping Probe on Nylon 6 Imports, Maintains Strong Credit Ratings

Gujarat State Fertilizers & Chemicals Limited (GSFC) has launched an anti-dumping investigation on Nylon 6 imports from China, Russia, Taiwan, and Thailand, focusing on products with relative viscosity between RV-3.0 to 3.6. Simultaneously, CARE Ratings Limited has reaffirmed GSFC's strong credit ratings: CARE AA+ (Stable) for long-term bank facilities, and CARE A1+ for short-term facilities and commercial paper. These ratings reflect GSFC's robust financial health, strong market position, and diversified product portfolio.

14Aug 25

Gujarat State Fertilizers Reports 59% Surge in Q1 Profit, Driven by Strong Fertilizer Segment Performance

Gujarat State Fertilizers & Chemicals Limited (GSFC) reported strong Q1 results with a 59% increase in Profit After Tax to Rs 139.00 crores, despite only 1% growth in revenue. The fertilizer segment was the key driver, with EBIT rising to Rs 137.00 crores. The company commissioned three major projects including a 15 MW solar power project. GSFC anticipates fertilizer volumes of 23-24 lakh tons for the full year and expects a government subsidy revision from October 1st due to rising input costs. The company maintains a strong financial position with no long-term debt.

07Aug 25

Gujarat Narmada Valley Fertilizers Reports 30% Profit Decline in Q1 FY2024

Gujarat Narmada Valley Fertilizers and Chemicals Ltd (GNFC) reported a 30% decline in consolidated net profit to ₹83.00 crore for Q1 FY2024. Total income decreased by 17.40% to ₹1,751.00 crore. Fertilizer revenue fell 17.70% to ₹577.00 crore, while chemical revenue dropped 22.90% to ₹1,005.00 crore. The company attributed the decline to lower volume availability, tough market conditions for products like Aniline and TDI, shutdown effects, urea segment challenges due to higher energy costs, and margin erosion in some chemicals. The board approved the re-appointment of Bhadresh Mehta as an Independent Non-Executive Director for a three-year term, subject to shareholder approval.

05Aug 25

Gujarat State Fertilizers & Chemicals Nominates Sanjeev Kumar as Managing Director

Gujarat State Fertilizers & Chemicals Limited's (GSFC) Nomination and Remuneration Committee has approved the appointment of Shri Sanjeev Kumar (DIN: 03600655) as Managing Director on August 5, 2025. The committee has recommended this appointment for Board approval, following previous management change disclosures on August 1, 2025. This process adheres to SEBI regulations, including Regulation 30(2) and circular SEBI/HO/CFD/POD2/CIR/P/0155. The final decision now rests with the Board of Directors.

01Aug 25

Gujarat State Fertilizers & Chemicals Limited Announces Leadership Transition

Gujarat State Fertilizers & Chemicals Limited (GSFC) has announced a leadership transition. Kamal Dayani, IAS (Retd.), will resign as Managing Director effective July 31, 2025, due to superannuation. The Government of Gujarat has appointed Sanjeev Kumar, IAS, to hold additional charge as the new Managing Director. Kumar, a 1998 batch IAS officer, brings over 27 years of public administration experience and currently serves as Principal Secretary in the Forests & Environment Department. His appointment is subject to approval by the Nomination and Remuneration Committee and the Board of Directors.

22May 25

Gujarat State Fertilizers Optimistic About Fertilizer Segment in Q1

Gujarat State Fertilizers & Chemicals Limited (GSFC) anticipates a positive performance in its fertilizer segment, citing favorable monsoon predictions and supportive government policies. The company's optimism is based on expectations of increased crop cultivation due to good rainfall and potential government interventions that could boost agricultural productivity. This outlook may indicate broader positive trends for the fertilizer industry, potentially leading to increased demand and sales. However, actual performance will depend on the accuracy of monsoon predictions and policy implementation.

21May 25

Gujarat State Fertilizers & Chemicals Reports Surge in Q4 Profit, Announces Dividend

Gujarat State Fertilizers & Chemicals Ltd (GSFC) reported a significant increase in Q4 consolidated net profit to ₹716.80 million, up from ₹247.10 million year-over-year. Revenue slightly decreased to ₹19.22 billion. The company's board recommended a dividend of ₹5 per equity share for the financial year. Despite the impressive year-over-year profit growth, there was a sequential decline from the previous quarter's ₹1.34 billion profit.

20May 25

GSFC's Q4 Profit Triples, Announces ₹5 Per Share Dividend

Gujarat State Fertilizers & Chemicals (GSFC) posted a consolidated net profit of ₹716.80 crore in Q4, nearly tripling from ₹247.10 crore year-over-year. EBITDA rose to ₹842.00 crore from ₹276.00 crore, with margin expanding to 4.38%. Revenue slightly decreased to ₹1,922.00 crore. The board recommended a dividend of ₹5.00 per equity share.

25Apr 25

GSFC Commences Power Supply from Gujarat Industries Power Co's Solar Project

Gujarat State Fertilizers & Chemicals Limited (GSFC) has started receiving power from Gujarat Industries Power Company Limited (GIPCL)'s newly commissioned 75 MW AC Solar Power Plant. GSFC is participating in this project on a 50% sharing basis, with the first 25 MW phase already operational. The company expects this move to reduce overall energy costs and decrease its carbon footprint. Power intake will increase gradually, and the full financial impact is yet to be determined.

07Mar 25

Gujarat State Fertilizers & Chemicals Invests ₹14.4 Crore in Subsidiary's Rights Issue

Gujarat State Fertilizers & Chemicals Limited (GSFC) has participated in a rights issue of its subsidiary, Vadodara Jal Sanchay Private Limited (VJSPL), investing ₹14.4 crore by subscribing to 1,44,00,000 equity shares at ₹10 face value each. This investment aligns with GSFC's earlier board approval for up to ₹28.85 crore investment in VJSPL. Despite the substantial investment, GSFC's shareholding in VJSPL remains at 60%, with its total shareholding increasing to 1,56,00,000 equity shares. The move aims to support VJSPL's growth and financial needs while complying with regulatory requirements.