Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has announced the successful passage of an ordinary resolution for the appointment of Shri Sanjeev Kumar, IAS, as a Director and the Managing Director of the Company. The resolution was passed via postal ballot and remote e-voting, with the results confirmed on November 05, 2026. The company also released the Scrutinizer’s Report detailing the voting results.
Director Appointment Approved
Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) has officially confirmed the passing of an ordinary resolution concerning the appointment of Shri Sanjeev Kumar, IAS, as a Director and the Managing Director of the Company. The approval was obtained through a postal ballot process, which included remote e-voting, concluding on November 05, 2026.
Voting Results and Scrutiny
The company submitted the voting results as per Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The e-voting period commenced on October 07, 2026, and concluded on November 05, 2026. A total of 88,427,855 votes were polled, with 97.46% voting in favour and 2.54% against the resolution.
Promoter and Promoter Group shareholders cast 60,693,667 votes, all in favour. Public-Institutions cast 27,562,167 votes, with 91.86% in favour. Public-Non Institutions cast 172,021 votes, with 97.71% in favour. The Scrutinizer, CS J. J. Gandhi, confirmed that the resolution was passed with the requisite majority.
Scrutinizer’s Report Highlights
The Scrutinizer’s Report, dated November 06, 2026, details the compliance of the postal ballot process with the Companies Act, 2013, and relevant SEBI regulations. The dispatch of the notice was completed via email on October 05, 2026, to eligible shareholders. Public advertisements were also issued on October 06, 2026. The e-voting platform was managed by Kfin Technologies Limited.
The report confirms that the total number of shareholders entitled to vote as of the cut-off date, October 1, 2026, was 2,63,224. The results indicate strong support from all shareholder categories for the appointment of Shri Sanjeev Kumar, IAS.
Source: BSE
