General Updates

.'Fj GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED Fertilizernagar - 39.l 750. Vadodara, Cujarat, lNDlA. CIN : 199999GJ1962P1C00112 1 NO.SEC/2026 2nd No 2026 The Corporate Relationship Department The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd lst Floor, New Trading Ring 'Exchange Plaza', C/l, Block G Rotunda Bldg., P.J. Towers, Dalal Street Bandra-Kurla Complex Fort, MUMBAI - 400 001 Bandra (East), MUMBAI - 400 051 SCRIP CODE: 500690 SYMBOL: GSFC Sub.: Outcome of the Board Meeting held on 2rd November,2026 Ref.: l, Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 (,.sEBI Listing Regulations") 2. Our earlier intimation dated 2610612026 Dear ir/lt4adam, This is further to our intimation letter dated 2610612026, wherein it was informed that Government of Gujarat vide its letter reference No. PTD/l\,IStv{/e -filel22/202211346/GB-1 dated,24/0612026,had approved revision in the shareholding pattem and composition of the Board of Directors of Gujarat Port and Logistics company Limited ("GPLCL") being the subsidiary of the company. The Company holds 60% stake in GPLCL and pursumt to the said letter, the shareholding of the Company in GPLCL shall be reduced to l1%. In this regard, the Company has received a Letter of Offer dated, 21/0912026 and an extension thereof, from GPLCL for its rights issue of30,00,000 equity shares, of which the company has been offered 18,00,000 equity shares on rights basis. In response to the above-refened letter of the Govemment of Gujarat and rights issue offer from GPLCL, the Board of Directors of the company, at its meeting held today i.e. 02/1112026, has approved the following: Renouncing of its rights entitlement of I 8,00,000 equity shares in the following manner: 1. 13,00,000 equity shares in favour of Gujarat Industrial Development corporation ("GIDC") and 5,00,000 equity shares in favour of Gujarat Rail Infrastructure Development Corporation Limited ("G-RIDE"). (ii) Transfer of 6,50,000 equity shares of Rs. 10 each (out of total holding of 12,00,000 equity shares of Rs. l0 each) held by the company in GPLCL, to Gujarat Maritime Board C'GMB), an existing shareholder of GPLCL, at a consideration of Rs. l0 per share i.e. at face value. In accordance with the above decisions of the Board, the Company shall now proceed to transfer 6,50,000 equity shares and renounce its righs entitlement as stated above to achieve the target holding of I I % i.e. 5,50,000 equity shares ofRs. 10 each in GPLCL. pursuant to the above, GpLCL shall cease to be a subsidiary ofthe Company. Ph. : (o) +91-265-2242451,2242651 , 2242751 ,2242641 $ Fax: +91-265-2240966 r Email : ho@gsfcltd.com . Website : www.gslctimited.com lS0 9001,1S014001,lS0 45001 & lS0 50001 Geililied Company GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED EFj Fertilizernagar - 391 750. Vadodara, Gujarat, lNDIA. CIN : 199999GJ1962 P1C00112 l- GPLCL is not a material subsidiary of the Company in terms of the SEBI Listing Regulations. The cessation ofGPLCL as a subsidiary, post rights issue and proposed share transfer, will not affect the revenue or business ofthe Company. The Board Meeting commenced at 16:30 hours (IST) and concluded at 17;25 horus (lST). The details required under Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49l14ll 4(7)2025-CFD-POD2/11376212026 dated 306 January, 2026 are provided in the attached Annexure I. Thanking you, Yours faithfully, For Gujarat State Fertilizers & Chemicals Ltd. Nidhi Pillai Company Secretary & Vtce President (Legal & HRS) Membership No.: A15142 E-mail: investors@gsfcltd.com Encl.: Annexure I Ph. : (o) + 91 -265-2 242451, 2242651, 22427 51, 2242641 Fax: +91-265-2240966 o Email :ho@gsrcltd.com o Website : www.gslclimited.com \? lS0 9001,1S014001,lS0 45001 & lS0 50001 Gertilied Gompany Annexure Details with respect to sale or disposal of stake in the subsidiary pursuant to Regulation 30(2) read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master Circular No. HO/49l14l14(7)2025-CFD-POD2fi13762/2026 dated 306 January, 2026 are as under: Sr. Details of events that need to be Information of such event(s) No, provided The amount and percentage ofthe GPLCL is yet to commence its operations. Hence, its tumover or revenue or income and net tumover for the financial year ended 31103/2026 is worth contributed by sueh-u*it-er NIL. gi+isien-e+unee**infer subsidiary or associate company of the listed entity during the last financial year b Date on which the agreement for sale Not Applicable has been entered into The expected date of completion of Necessary intimation shall be made to the Stock sale/disposal Exchanges in due course of time, upon completion of the transfer of 6,50,000 equity shares. d Consideration received from such Transfer of 6,50,000 equity shares to GMB: Rs. sale/disposal 65,00,000 (6,50,000 equity shares at Rs. 10/- per share). e. Brief details of buyers and whether Transferee: Gujarat Maritime Board (existing any ofthe buyers belong to the shareholder of GPLCL). GMB is promoted by the promoter/ promoter group/ group Govemment of Gujarat, who is also the promoter of companies. If yes, details thereof the Company. Brief details of GMB: GMB was constituted in 1982 under the Gujarat Maritime Board Act, 1981, as the first state maritime board in India, with the stated objective of enhancing and hamessing ports and intemational trade as vehicles for economic development. GMB oversees port development along the coastline of the State of Gujarat, the longest among Indian states. As per the latest available financial statements ofFY 2024-25, the total revenue of CMB was Rs. 1057 Crores and Profit After Tax was Rs. 980 Crores. f. Whether the transaction would fall No within related party transactions? yes, whether the same is done at "arm's length" Whether the sale, lease or disposal of Not applicable the undertaking is outside Scheme of Arrangement? Ifyes, details of the same including compliance with regulation 37A of LODR Regulations h Additionally, in case of a slump sale, Not applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.