Gujarat Fluorochemicals Limited — Others, 30-01-2025: Shareholders meeting

Gujarat Fluorochemicals Limited has submitted a Notice of Postal Ballot seeking shareholder approval for several key resolutions. This includes a special resolution for the payment of 0.50% of net profit to Non-Executive Director Mr. Devendra Kumar Jain, which exceeds 50% of total remuneration to all Non-Executive Directors for FY2024-25. Additionally, shareholders will vote on the continuation of Managing Director Mr. Vivek Kumar Jain's term after he turns 70, revisions to Deputy Managing Director Dr. Bir Kapoor’s remuneration from ₹3.75 Cr to ₹6.00 Cr annually, and the re-appointments of several Whole-time Directors. This move reflects the company's strategy to ensure experienced leadership, potentially boosting investor confidence. The remote e-voting is scheduled from 1st February to 2nd March 2025.