Shareholders meeting

GUJARAT STATE FERTTLTZERS & CHEMTCALS LIMTTED Fertilizernagar - 391 750. Vadodara, Gujarat, lNDlA. CIN : 199999CJ1962P1C001121 NO.Sf,C/AR/2026 4rb September, 2026 The Corporate Relationship Department The Manager, Listing Department BSE Limited National Stock Exchange oflndia Ltd. lst Floor, New Trading Ring 'Exchange Plaza', C/1, Block G Rotunda Bldg., P.J.Towers, Dalal Street Bandra-Kurla Complex Fort, MUMBAI - 400 001 Bandra (East), IUUMBAI - 400 051 SCRIP CODE : 500690 SYMBOL : GSFC Sub,: Submission ofAnnual Report for the F.Y.2025-26 together with the Notice of64th Annual General Meeting ("AGM") Ref.: l. Compliance under Regulations 30 & 34 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations"). 2. Letter dated 29'i August, 2026 for informing date of AGM Dear Sir/Madam, This is further to our letter dated 29d August, 2026 wherein it was inform:J ttiat the 64rh Annual General Meeting ("AGM") ofthe Company is scheduled to be held on Monday,28n Septembcr, 2026 at 3:00 P.M. through Video Conferencing ('VC") / Other Audio - Visual Means ("OAVM"), in accardance with the relevant ciicuk rs issued by the Ministry ofCorporate Affairs ("MCA") and the Securities and Excl*rnge Board of India ("SEBI"). Pursuant to Regulation 30 read with ScheduleJll and Regulation 34 of tlie SEBI Listing Regulations, we are submitting herewith the Amual Report for the financial year 2025-2026 ofthe Company including the Notice of the 64n AGM. Kindly note that the Company has commenced dispatch ofthe Notice ofthe 64s AGM and the Annual Report for the financial year 2025-26 ofthe Company through email to all its Members, who have registered their e-mail address with the Registrar and Transfer Agent of the Company / Depository Participants, and whose names appeared in the Register of Members / Beneficial Owners as ofthe close ofbusiness hours on Friday, 28h August, 2026. A l€tter containing the web-link, including the exact path fo. u"""rring 16" Notice of the AGM and the Annual Report, is being dispatched to those Members who have not registered thei: email addresses as mentiixlsd above. The said Annual Report together with the Notice of64n AGM is attached as Annexure and is also available on the website ofthe Companyat www.ssfclimited.com- Kindly take the same on record. Thanking you, Yours faithfully, For Gujarat St te Fertiliz:rs & Chemicsls Limited Nidhi PiUai Company Secretary & Vice President (Legal & HRS) Membership No.: Al5l42 E-mail : nidhi.oill gsfcltd.com Encl: As above Ph. : (O) + 91 -265-2 242451, 224265j, 22427 51, 2242641 Fax: +91-265-2240966 Email : ho@gsfcltd.com o Website : www.gstclimited.com \? IS0 9001,1S014001, tSO 45001 & tSO 50001 Gerritied Gompany 64th ANNUAL REPORT 2025-2026 Company with a difference with Foresight, Resilience and Accountability Contents Looking Ahead with foresight, resilience and accountability For over six decades, GSFC has evolved with the Corporate Overvirew Financial Statements changing needs of Indian agriculture and industry, building capabilities that enable us to respond to today’s 02 About GSFC Standalone Financial Statements demands while preparing for tomorrow’s opportunities. 03 Year at a glance 120 Auditors' Report FY 2025-26 reflected this approach as we navigated a 04 Strategic Progress in FY 2025-26 130 Balance Sheet dynamic operating environment with resilience, discipline 06 Our Journey 131 Statement of Profit & Loss and a clear focus on long-term value creation. 08 Chairman’s Message 132 Cash Flow Statement 10 Managing Director’s Message 134 Statement of Changes in Equity (SOCIE) 14 Our Performance 136 Notes to the Financial Statements Our progress during the year 16 Our Offerings was shaped by investments 20 Bringing Solutions Closer to Farmers that strengthen the Consolidated Financial Statements foundations of our business. 22 Manufacturing Excellence 190 Auditors' Report The commissioning of the 24 Shaping the Next Phase Urea-II Revamping Project, 198 Balance Sheet 26 Research and Development Sulphuric Acid-V Plant and 199 Statement of Profit & Loss renewable-energy projects 28 Sustainability Stewardship 200 Cash Flow Statement advanced our priorities 30 Our People of operational efficiency, 202 Statement of Changes in Equity (SOCIE) 34 CSR Initiatives backward integration and a 204 Notes to the Financial Statements more balanced energy mix. 36 Board of Directors At the same time, our ten year Growth Strategy Plan, aimed at development of Statutory Reports Dahej Complex, Projects for our Units at Vadodara, 38 Notice Sikka and Surat are creating 53 Board's Report a platform for the next phase of growth and diversification. 76 Management Discussion and Analysis Report Foresight guides where we invest and 86 Corporate Governance Report how we evolve. Resilience strengthens our ability to perform through 119 Financial Highlights uncertainty. Accountability shapes how we operate, with responsibility towards our people, customers, communities, environment and other stakeholders. Together, these principles define our path forward: strengthening what we have built, embracing opportunities with confidence and creating enduring value through responsible, sustainable and future-ready growth. Gujarat State Fertilizers & Chemicals Limited About GSFC Year at a glance Established in 1962, Gujarat State Fertilizers & Chemicals Limited (GSFC) is a joint sector enterprise promoted by the Government of Gujarat. We manufacture and market a diverse portfolio of bulk and non-bulk fertilizers and industrial chemicals, supporting agriculture and critical industries. Over the years, we have developed a robust portfolio spanning the fertilizers like Urea, Ammonium Sulphate, Ammonium Phosphate Sulphate, Diammonium Phosphate (“DAP”), NPK fertilizers and Industrial Products like Caprolactam, ₹10,827 Cr ₹838 Cr 17.56 lakh MT Nylon-6, Melamine, HX Sulphate Crystal and other industrial products. We Our Vision Our Mission Operating Revenue Profit Before Tax Fertilizer production pioneered the manufacturing of DAP 15% 13% complex fertilizer in India and remain Our vision is to efficiently The Company seeks to enrich lives; Y-o-Y growth Y-o-Y growth the country’s sole producer of Melamine produce an array of and HX Sulphate Crystal. We also rank of customers by providing goods valuable, superior and among the leading domestic producers and services that add value to farm reliable products that ₹781 Cr ₹652 Cr 22.31 lakh MT of Caprolactam and Nylon-6. enterprises, industries and homes. enrich lives of millions Operating EBITDA Profit After Tax Fertilizer sales volume Our portfolio comprises several import- in farms, industries and of stakeholders by continuously 24% 14% (including traded products) substituting products that strengthen adding value by managing responsibly, Y-o-Y growth Y-o-Y growth homes. The Company India’s manufacturing capabilities sensibly and maintaining ethical envisions operating while contributing to foreign exchange standards of highest quality. in synergy with its conservation. With integrated manufacturing facilities, deep technical environment and seeks of neighbourhood community by working in synergy with its environment expertise, and a strong market presence, to be recognized as an and enriching the bio-diversity. we continue to reinforce our operational enterprise that is for total capabilities and enhance supply chain customer satisfaction and of employees by providing them a resilience. We are advancing backward creates credible long term work environment that fosters growth, integration by securing critical raw learning, achievement, team work and value for its stakeholders. materials and strengthening end-to-end a perfect work-life balance. supply chain capabilities. At the same Integrity and transparency time, we are pursuing forward integration remain the corner-stones of society by drawing positive by entering high-value speciality chemical of Company's [Showing first 8,000 characters — download PDF for full document]