GNFC Recommends ₹21 Dividend, Appoints B S R and Co. as Statutory Auditors, Approves FY26 Results
GNFC's board approved audited financial results for the quarter and year ended March 31, 2026. A dividend of ₹21 per share (210%) was recommended, pending shareholder approval. M/s. B S R and Co. were appointed as the new statutory auditors for a five-year term, subject to shareholder approval. The meeting began on May 18, 2026, at 3:00 PM (IST).
Dividend announcements and auditor appointments typically have a moderate impact on the company's outlook.
The announcement includes positive elements such as dividend recommendation and appointment of statutory auditors, along with audited financial results.
The Board of Directors of Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) convened on May 18, 2026, to approve the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. M/s. Suresh Surana & Associates LLP, Chartered Accountants, issued Auditors' Reports with an unmodified opinion on these financial results. The board recommended a dividend of ₹21 per equity share of ₹10 each (@ 210%) for the financial year ended March 31, 2026, subject to shareholder approval at the Annual General Meeting (AGM). The dividend will be paid within 30 days of declaration, subject to tax deduction at source, with the payment date to be announced later.
Additionally, the Board appointed M/s. B S R and Co., Chartered Accountants, Ahmedabad (Firm Registration No. 128510W) as the Statutory Auditors for a five-year term. This term will commence from the conclusion of the 50th Annual General Meeting until the conclusion of the 55th Annual General Meeting, pending shareholder approval.
The Board Meeting commenced at 03:00 PM (IST) on May 18, 2026.
What to do with a filing like this
Gujarat Narmada Valley Fertilizers and Chemicals Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Gujarat Narmada Valley Fertilizers and Chemicals Limited. Read the original for the full detail.