Gujarat Alkalies shareholders approve all resolutions at AGM

Gujarat Alkalies & Chemicals Limited announced that all eight resolutions proposed at its 52nd Annual General Meeting (AGM) on September 26, 2025, were duly approved by members with requisite majority. The voting results, scrutinized by Niraj Trivedi, practicing company secretary, were released on September 27, 2025.

Key ordinary business resolutions included the adoption of audited financial statements for the fiscal year ended March 31, 2025, and the declaration of a dividend of INR 15.80 per equity share (158% on INR 10/- fully paid-up shares). Both received 99.9989% of votes in favour. Additionally, the re-appointment of Dr. Hasmukh Adhia as a director also passed with 99.9960% of votes in favour.

Special business resolutions, including the appointment of secretarial auditors, ratification of cost auditors' remuneration, and approval of material related party transactions, also passed with high approval rates. Notably, resolutions concerning material related party transactions with GACL-NALCO Alkalies & Chemicals Private Limited (GNAL) and National Aluminium Company Limited (NALCO) passed with 99.9937% and 99.9865% of votes in favour, respectively. The report also indicated that two promoters, holding a significant number of equity shares, did not have their votes considered for these related party transactions.