Gujarat Fluorochemicals Limited (GFL) has announced that shareholders approved the alteration in the Articles of Association at a meeting held on December 12, 2025. This decision, passed via postal ballot, primarily concerns the retirement and rotation policies for directors within the company. Managing Directors, Deputy Managing Directors, and Independent Directors will not be liable to retire by rotation.
Articles of Association Amendment
Gujarat Fluorochemicals Limited (GFL) has received shareholder approval for alterations to its Articles of Association. This was confirmed following a special resolution passed on December 12, 2025, through a postal ballot process.
Director Retirement and Rotation
The key amendment addresses the retirement and rotation policies applicable to directors. The revised Articles stipulate that Managing Directors, Deputy Managing Directors, and Independent Directors are not liable to retire by rotation. All other directors will be subject to retirement by rotation as specified in Section 152 of the Companies Act, 2013. The requirements to hold qualification shares remains unchanged for all Directors.
Source: BSE
