Gujarat State Fertilizers & Chemicals Limited — Important, 07-03-2025: Updates

The company has made a strategic investment in its subsidiary, Vadodara Jal Sanchay Private Limited (VJSPL), contributing ₹14.4 Crore through a rights issue. The Board of VJSPL has approved the allotment of 1,44,00,000 equity shares to the company, maintaining its 60% ownership in VJSPL with a total of 1,56,00,000 equity shares post-allocation. This move underscores the company’s commitment to its subsidiary and may enhance operational capabilities in the long run. Investors should view this as a solid step towards strengthening subsidiary performance and operational synergies.