Shareholders meeting

NO. SEC/BD/SE/ September 16, 2026 Dy. General Manager Dy. General Manager BSE Limited Listing Department Corporate Relationship Dept., National Stock Exchange of India Limited 1st Floor, New Trading Ring, Exchange Plaza, Rotunda Bldg, PJ Tower, C-1, Block - "G", Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: "500670" Symbol: "GNFC” Dear Sir/Madam, Sub.: Summary of Proceedings of 50th Annual General Meeting of the Company held on Wednesday, September 16, 2026. ------------------------------------------------------------------------------------------------------- Pursuant to Regulation 30 read with Schedule Ill of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find enclosed the summary of proceedings of 50th Annual General Meeting of the Company held on Wednesday, September 16, 2026 at 3:00 PM (IST) through Video Conferencing / Other Audio Visual Means. The Meeting concluded at 04:05 PM (IST). We request you to kindly take the same on record. Thanking you. Yours faithfully, For Gujarat Narmada Valley Fertilizers & Chemicals Limited Rajesh Pillai Company Secretary & Compliance Officer Encl.: As above SUMMARY OF PROCEEDINGS OF 50TH ANNUAL GENERAL MEETING OF GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED HELD ON 16/09/2026 The 50th Annual General Meeting (“AGM” or “Meeting”) of the Members of Gujarat Narmada Valley Fertilizers & Chemicals Limited was held on Wednesday, September 16, 2026 at 3:00 PM (IST) through two-way Video Conferencing (“VC”) in accordance with the applicable provisions of the Companies Act, 2013 (“the Act”) read with Rules made thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) and the Circulars issued by the Ministry of Corporate Affairs (“MCA”) and SEBI from time to time. The deemed venue of the Meeting was the Registered Office of the Company at P.O. Narmadanagar – 392 015, District Bharuch, Gujarat. Before the commencement of the Meeting, the Company Secretary welcomed the Members, who were present at the Meeting and briefed them on certain technical points relating to participation at the Meeting through VC. ATTENDANCE OF DIRECTORS: 1. Shri Manoj Kumar Das, IAS Chairman of the Company and Chairman of the Meeting. 2. Shri Sanjeev Kumar, IAS Assumed the Additional Charge of the Post of Managing Director with effect from September 09, 2026, pursuant to the Notification dated September 05, 2026 issued by the Government of Gujarat, read with Article 136 of the Articles of Association of the Company. 3. Shri Ashwini Kumar, IAS Non-Executive Non-Independent Director and Member of the Nomination and Remuneration Committee. 4. Dr. Rajender Kumar, IAS Non-Executive Non-Independent Director. 5. Shri Bhadresh Mehta Independent Director (ID) and Chairman of Audit Committee; Member of Corporate Social Responsibility Committee and Nomination & Remuneration Committee. 6. Prof. Ranjan Kumar Ghosh Independent Director (ID) and Chairman of Stakeholders Relationship Committee and Risk Management Committee; Member of Audit Committee, Corporate Social Responsibility Committee and Nomination & Remuneration Committee. 7. Shri Ajai Bahadur Khare Independent Director (ID) and Member of Corporate Social Responsibility Committee and Risk Management Committee. 8. Shri Susanta Kumar Roy Independent Director (ID) and Member of member of Audit Committee and Stakeholders Relationship Committee. 9. Prof. (Dr.) Mamata Biswal Additional Director (Independent, Non- Executive Director). IN ATTENDANCE: Mr. Rajesh Pillai, Company Secretary & Compliance Officer and Shri D. V. Parikh, ED & Chief Financial Officer. OTHER REPRESENTATIVES The Company Secretary introduced the following representatives, who attended the Meeting through VC / OAVM from their respective locations: 1. CA Ramesh Gupta, Chartered Accountant, representative of M/s. Suresh Surana & Associates LLP, Statutory Auditor; 2. CS Suresh Kumar Kabra, Practicing Company Secretary, representative of Samdani Shah & Kabra, Corporate Governance Auditor; 3. CS J. J. Gandhi, Practicing Company Secretary, representative of M/s. J. J. Gandhi & Co., as Secretarial Auditor and Scrutinizer. MEMBERS PRESENT AND QUORUM The details of No. of Members present at the Meeting were as follows: Category Promoters Public Total Video 1 70 71 Conference The requisite quorum being present in terms of Section 103 of the Act, the Chairman called the Meeting to order. PROCEEDINGS Shri Manoj Kumar Das, IAS, Chairman welcomed all the Members present at the Meeting and requested Shri Sanjeev Kumar, IAS to introduce the Board of Directors of the Company. Shri Sanjeev Kumar, IAS welcomed all the members present at the Meeting and introduced the Board of Directors of the Company. He informed the Members that Dr. T. Natarajan, IAS, Non-Executive Non- Independent Director, and Smt. Gauri Kumar, IAS (Retd.), Independent Director and Chairperson of the Nomination and Remuneration Committee and the Corporate Social Responsibility Committee, had expressed their inability to attend the Meeting and had sought leave of absence. In terms of Section 178(7) of the Act, Shri Bhadresh Mehta, Member of the Nomination and Remuneration Committee, attended the Meeting as authorised by the Chairperson of that Committee. The Chairman of the Audit Committee and the Chairman of the Stakeholders Relationship Committee were present at the Meeting. The Company Secretary apprised the Members that, pursuant to the Notification dated September 05, 2026 issued by the General Administration Department, Government of Gujarat, read with Article 136 of the Articles of Association of the Company, Shri Sanjeev Kumar, IAS (DIN: 03600655) had assumed additional charge of the post of Managing Director of the Company with effect from September 09, 2026, vice Shri Rajkumar Beniwal, IAS, transferred. He informed the Members that the said Notification would be placed before the Board of Directors at its ensuing meeting, together with the recommendation of the Nomination and Remuneration Committee, for taking the appointment on record and for the appointment of Shri Sanjeev Kumar, IAS as the Managing Director of the Company under Article 171 of the Articles of Association, and that the approval of the Members would be sought in due course. He further informed the Members that the requisite disclosures had been made to the Stock Exchanges under Regulation 30 of the SEBI Listing Regulations. The Members took note of the same. The Register of Directors and Key Managerial Personnel and their Shareholding maintained under Section 170 of the Act, the Register of Contracts or Arrangements in which Directors are interested maintained under Section 189 of the Act, and the other documents referred to in the Notice were made available for electronic inspection by the Members. Since the Meeting was held through VC / OAVM, the facility for appointment of proxies was not available; however, body corporate Members were entitled to appoint authorised representatives under Section 113 of the Act to attend the Meeting and vote through e-voting. With the consent of the Members, the Notice convening the Meeting dated August 20, 2026 was taken as read. The Members were informed that the Statutory Auditors’ Reports on the Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026 were unmodified and did not contain any qualification, reservation, adverse remark or disclaimer, and accordingly, in terms of Section 145 of the Act, the said Reports were not required to be read. The Secretarial Audit Report for the Financial Year 2025-26 likewise did not contain any qualification, reservation, adverse remark or disclaimer. Thereafter, Chairman addressed the Shareholders present, wherein he apprised the Members on the Company’s co [Showing first 8,000 characters — download PDF for full document]