About Gujarat State Fertilizers & Chemicals Limited (GSFC)

Gujarat State Fertilizers & Chemicals Limited was incorporated in 1962 and operates integrated fertilizer and industrial chemical complexes in Gujarat with key units at Fertilizernagar, Petrochemicals (Polymer Unit), Kuwarda (Fibre Unit), and Sikka, supporting a diversified product basket for agriculture and industry as part of the state-promoted GSFC group. The company manufactures and trades fertilizers such as Urea, Ammonium Sulphate, DAP, APS, NPK grades, and industrial products including Caprolactam, Nylon-6, Nylon Chips, Melamine, and Methanol, serving domestic and select export markets as reviewed by its CODM across two reportable segments. As of March 31, 2025, GSFC had three subsidiaries—GSFC Agrotech Limited, Gujarat Ports & Logistics Company Limited, and Vadodara Jal Sanchay Private Limited—with no material subsidiary under SEBI thresholds, and maintains group governance with board oversight of subsidiary minutes and audited financials annually. Segment disclosures show external revenue of Rs 9,428.71 crore in FY 2024-25, with Fertilizer Products at Rs 7,226.61 crore and Industrial Products at Rs 2,202.11 crore; segment results were Rs 429.71 crore and Rs 56.01 crore respectively, reflecting a balanced agri-industrial model; the company also reports PK Fertilizers to the Department of Fertilizers with FY 2024-25 PK manufacturing revenue of Rs 4,947.36 crore and imported PK revenue of Rs 838.14 crore per DoF evaluation criteria. The company’s CIN is L99999GJ1962PLC001121 and its equity shares are listed on BSE (500690) and NSE (GSFC), with annual listing and depository fees duly paid for FY 2025-26; there are no outstanding ADRs/GDRs/warrants as on March 31, 2025.

GSFC Business Segment

• Fertilizer Products — external revenue Rs 7,226.61 crore (76.6%), segment result Rs 429.71 crore; includes Urea, AS, DAP, APS, NPK grades and traded fertilizers; CODM monitors revenue and gross profit for resource allocation.

• Industrial Products — external revenue Rs 2,202.11 crore (23.4%), segment result Rs 56.01 crore; includes Caprolactam, Nylon-6, Nylon Chips, Melamine, Methanol and traded industrial products.

Domestic vs. international split (FY 2024-25):

• India — Rs 9,428.71 crore (100.0%)

GSFC Key Management

• Mr. Pankaj H. Joshi, IAS — Chairman (appointed via postal ballot dated February 18, 2025; Ordinary Resolution).

• Mr. Tapan Ray, IAS (Retd.) — Director; Committee Chair/Member roles during FY 2024-25 including Project Committee Chair; ceased from certain roles effective September 1, 2025 per committee changes noted.

• Mr. S. J. Haider, IAS — Director (retiring by rotation at the 63rd AGM; eligible for re-appointment).

• Mr. Kamal Dayani, IAS — Director; member on committees during FY 2024-25; cessation noted July 31, 2025 in Project Committee changes.

• Dr. Sudhir Kumar N. Jain — Director; committee member during FY 2024-25.

• Dr. Ravindra H. Dholakia — Director; committee member during FY 2024-25; cessation from Project Committee effective September 1, 2025.

• Mrs. Gauri Kumar, IAS (Retd.) — Director; committee member during FY 2024-25.

• Mr. Syed Jawaid Haider, IAS — Director (appointed August 13, 2024; member on committees thereafter).

• Company Secretary: Ms. Nidhi Pillai — Company Secretary & Vice President (Legal).

Latest Updates on GSFC

• Appointment of Mr. Pankaj H. Joshi, IAS as Director and Chairman approved through postal ballot dated February 18, 2025 (Ordinary Resolution) to strengthen leadership alignment with the promoter group.

• Board recommended final dividend of Rs 5 per equity share (face value Rs 2) for FY 2024-25, with record date September 9, 2025 and payment on or after September 30, 2025, aligning with the company’s dividend distribution policy and SEBI/MCA circulars.

• Secretarial Auditor appointment: Ms. Samdani Shah Kabra, Company Secretaries, appointed for a five-year term FY 2025-26 to FY 2029-30, subject to shareholder approval, under amended SEBI Regulation 24A; annual fee Rs 1.90 lakh plus taxes with up to 7% annual increment.

• Cost Auditor appointment: Ms. N. D. Birla & Co., Cost Accountants, appointed for FY 2025-26 at Rs 4.40 lakh plus levies and expenses, subject to shareholder ratification, to audit cost records per the Act and Rules.

• Independent Directors: Board approved appointments effective September 2, 2025 of Dr. Rama Shanker Dubey and Prof. Sundaravalli Narayanaswami as Independent Directors for five years, subject to member approval, enhancing board diversity and expertise.

PK Fertilizers reporting: As directed by Department of Fertilizers, GSFC reported PK Manufacturing revenue of Rs 4,947.36 crore and PK Imported revenue of Rs 838.14 crore for FY 2024-25 with segment results of Rs 426.54 crore and Rs 10.76 crore respectively, reflecting compliance and performance in the phosphatic portfolio.