GNFC Recommends ₹21 Dividend Per Share, Appoints B S R and Co. as Statutory Auditors
GNFC's board on May 18, 2026, approved audited financial results for the year ended March 31, 2026, and recommended a dividend of ₹21 per share (@ 210%). The dividend payment is subject to shareholder approval. M/s. B S R and Co. has been appointed as the new Statutory Auditors for a five-year term, pending shareholder approval at the AGM.
The dividend announcement and auditor appointment are significant but not transformative, hence a medium impact.
The announcement includes positive news such as dividend recommendation and appointment of new auditors, indicating stable financial governance.
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 an unmodified opinion on the financial results for the year ended March 31, 2026. The audited financial results and related press release are available on the company's website, www.gnfc.in. The board meeting commenced at 03:00 PM (IST).
The Board has recommended a dividend of ₹21 per equity share of ₹10 each, fully paid up (@ 210%) for the financial year ended March 31, 2026, subject to shareholder approval at the upcoming Annual General Meeting (AGM). If approved, the dividend will be paid within 30 days of declaration, with the payment date to be announced later. The dividend will be subject to deduction of tax at source.
Additionally, the Board has appointed M/s. B S R and Co., Chartered Accountants, Ahmedabad (Firm Registration No. 128510W) as the Statutory Auditors for a five-year term. Their term will commence from the conclusion of the 50th Annual General Meeting until the conclusion of the 55th Annual General Meeting, pending shareholder approval at the ensuing AGM.
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.