Gujarat Natural Resources Ltd (513536)

Gujarat Natural Resources Limited has fixed Thursday, November 5, 2026, as the record date for its stock sub-division. Each existing equity share with a face value of Rs 10 will be split into 10 equity shares with a face value of Re 1 each. The sub-division was previously approved by shareholders at the AGM on September 30, 2026. This corporate action alters share count and face value but has no impact on the company's financial fundamentals.

• Record date fixed for Thursday, 5th November, 2026
• Sub-division ratio of 1 equity share of Rs 10 face value into 10 equity shares of Re 1 face value
• Split approved by shareholders at the AGM held on 30th September, 2026
• All split shares will rank pari-passu in all respects

Gujarat Natural Resources Limited announced that shareholders approved a stock split of 1 equity share of face value Rs 10 into 10 equity shares of face value Re 1 at its 35th AGM on September 30, 2026. Consequently, paid-up equity shares will increase from 15,34,02,632 to 1,53,40,26,320, keeping paid-up capital unchanged at Rs 153.40 crore. The authorized share capital will stand altered to Rs 165 crore divided into 165 crore shares of Re 1 each. The company expects completion tentatively within two months of shareholder approval.

• Sub-division ratio approved at 1:10 (Rs 10 face value split into Re 1 face value)
• Total paid-up shares to increase tenfold from 15,34,02,632 to 1,53,40,26,320 shares
• Paid-up share capital remains unchanged at Rs 153,40,26,320
• Target completion timeline is tentatively within 2 months from September 30, 2026

Gujarat Natural Resources Ltd has submitted a corrigendum and revised Annual Report for FY 2025-26 to incorporate the omitted name and signature block of Chairman Ashok C. Shah. The filing confirms no other contents of the FY26 Annual Report have been modified. Additionally, the included AGM notice details an upcoming shareholder vote on September 30, 2026, to approve a 1:10 stock split, dividing 1 share of Rs. 10 into 10 shares of Re. 1. The statutory auditors noted that interest-free loans given by the company violate Section 186(7) of the Companies Act, 2013.

• Corrigendum issued solely to add Chairman Ashok C. Shah's signature on pages 33, 34, 35, 39, 70, 73, and 75.
• Shareholder approval sought for 1:10 stock split, expanding paid-up shares from 15,34,02,632 (FV Rs. 10) to 1,53,40,26,320 (FV Re. 1).
• Auditor noted non-compliance with Section 186(7) of the Companies Act, 2013 due to interest-free loans extended.
• 35th AGM scheduled to be conducted via Video Conferencing on September 30, 2026, at 3:30 PM IST.

Gujarat Natural Resources Ltd has scheduled its 35th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 3:30 PM IST via video conferencing. The share transfer books and register of members will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive). The cut-off date to determine shareholder voting eligibility is September 23, 2026, with remote e-voting active from September 27 to September 29, 2026.

• 35th Annual General Meeting scheduled for September 30, 2026, at 3:30 PM IST via VC/OAVM
• Book closure period fixed from September 24, 2026, to September 30, 2026
• Cut-off date for e-voting eligibility set for September 23, 2026
• Remote e-voting window open from September 27, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)

The Board of Directors of Gujarat Natural Resources Ltd has approved a sub-division (stock split) of 1 equity share of face value Rs 10 each into 10 equity shares of face value Re 1 each. Post-split, the total number of paid-up equity shares will expand tenfold from 15,34,02,632 to 1,53,40,26,320, keeping paid-up capital constant at Rs 153.40 crore. The corporate action aims to enhance liquidity and broaden the shareholder base, subject to shareholder approval at the upcoming Annual General Meeting.

• Approved stock split ratio of 1:10 (1 share of Rs 10 into 10 shares of Re 1 each)
• Paid-up share count increases from 15,34,02,632 to 1,53,40,26,320 shares
• Paid-up equity share capital remains unchanged at Rs 153,40,26,320
• Authorised capital restructured to Rs 165 crore divided into 165,00,00,000 shares of Re 1 each
• Expected completion timeline is tentatively within 2 months of shareholder approval

Gujarat Natural Resources Ltd has appointed Mrs. Jhanvi Vikas Sethi as an Additional Non-Executive Independent Director for a term of up to 5 years, effective August 14, 2026. The appointment is subject to the approval of shareholders at the upcoming Annual General Meeting. Mrs. Sethi, aged 49, has over 20 years of experience in the capital markets and finance sectors and holds directorships in three other listed entities. This is a standard corporate governance addition with no direct financial impact on the company's operations.

• Appointed Mrs. Jhanvi Vikas Sethi as Additional Non-Executive Independent Director for up to 5 years.
• Appointment is effective from August 14, 2026, subject to shareholder approval at the ensuing AGM.
• Appointee is 49 years old with over 20 years of experience in financial markets and capital market operations.
• Holds directorships in 3 other listed companies: Rhetan TMT Ltd, Ashoka Metcast Ltd, and Ashnisha Industries Ltd.

Gujarat Natural Resources Limited approved a 1:10 stock split, subdividing 1 equity share of face value Rs 10 into 10 equity shares of face value Re 1, subject to shareholder approval. The company reported standalone Q1 FY27 revenue from operations of Rs 27.10 lakhs compared to Rs 8.85 lakhs in Q1 FY26 and Rs 579.11 lakhs in Q4 FY26. Standalone net profit stood at Rs 10.54 crore for Q1 FY27 (up from Rs 0.40 crore in Q1 FY26), primarily driven by inventory accretion of Rs 12.21 crore. The board also approved the appointment of Mrs. Jhanvi Vikas Sethi as an Additional Independent Director for 5 years.

• Approved 1:10 share split, increasing paid-up shares from 15.34 crore to 153.40 crore shares of Re 1 face value
• Standalone net profit rose to Rs 10.54 crore in Q1 FY27 from Rs 0.40 crore in Q1 FY26, boosted by Rs 12.21 crore inventory change
• Standalone revenue from operations stood at Rs 27.10 lakhs vs Rs 579.11 lakhs in previous quarter
• Stock split completion expected tentatively within 2 months of shareholder approval
• Appointed Mrs. Jhanvi Vikas Sethi as Additional Independent Director for a 5-year tenure

Mrs. Deepti Gavali has resigned from her position as an Independent Director of Gujarat Natural Resources Ltd effective August 7, 2026. The resignation is attributed to personal reasons, with the director confirming there are no other material factors involved. This change comes at a time when the company maintains a very low promoter holding of 1.93% and a market capitalization of Rs 1,308 Cr against a TTM revenue of Rs 31 Cr.

• Resignation of Mrs. Deepti Gavali (DIN: 10272798) effective from August 7, 2026
• Director confirmed no other material reasons for resignation beyond personal grounds
• The resigning director holds zero directorships in other listed entities
• Company reports a low promoter holding of 1.93% as of June 2026
• TTM Revenue stands at Rs 31 Cr with a high P/E ratio of 132.3