GSP Crop Science Limited has announced the outcome of its Board Meeting held on November 13, 2026. The Board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company also confirmed no deviation in the utilisation of IPO proceeds and approved the appointment of Mr. Shail Jayesh Shah as Chief Financial Officer. Additionally, the Board consented to shift the corporate office of the Company.
Board Meeting Outcome: Financial Results Approved
GSP Crop Science Limited convened its Board Meeting on Friday, November 13, 2026, during which several key financial and operational matters were addressed and approved. The meeting commenced at 4:45 P.M. and concluded at 6:00 P.M. IST.
Unaudited Financial Results
The Board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results were accompanied by Limited Review Reports issued by M/s. MSKC & Associates LLP, Chartered Accountants. The Audit Committee had duly reviewed and recommended these financial statements prior to the Board’s approval. The standalone net profit for the period was ₹442.28 million, and the consolidated net profit was ₹446.36 million.
IPO Proceeds Utilisation
In accordance with Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company confirmed that there has been no deviation or variation in the utilisation of funds raised through its Initial Public Issue (IPO) from the objects stated in the prospectus. The statement of deviation/variation in the utilisation of IPO proceeds has been enclosed as Annexure B.
Key Personnel Appointments and Changes
The Board approved the appointment of Mr. Shail Jayesh Shah, currently a Whole-Time Director, as the Chief Financial Officer (Key Managerial Personnel) of the Company, effective November 13, 2026. Further, Mr. Rajesh Valiya Naduvath, Head of International Business and Strategy, has retired from the company’s services with effect from the close of business hours on November 13, 2026, ceasing to be a Senior Management Personnel.
Corporate Office Relocation
The Board of Directors has also accorded their consent to shift the corporate office of the Company. The new office will be located at A-201, B-202, C-203, B23 Corporate Park, Behind Shivalik Shilp, Near ISCON Cross Roads, S.G. Highway, Sanidhya, Ahmedabad – 380058. This move is effective from December 03, 2026 and is intended to enhance operational and administrative convenience. The books of accounts will be maintained at the new corporate office.
Scheme of Arrangement
The company also noted the approved Scheme of Arrangement between its wholly-owned subsidiaries, Rajdhani Petrochemicals Private Limited and GSP Intermediates Private Limited, to merge with GSP Crop Science Limited. The scheme has been filed for approval with the Hon’ble NCLT, Ahmedabad.
Dividend Declaration
The Board noted the proposed final dividend of Rs. 1 per share for FY 2025-26, which was approved by the members at the Annual General Meeting and paid on September 25, 2026.
Source: BSE
