Gujarat State Fertilizers' Stake in Subsidiary Changes Following Government Approval
Gujarat State Fertilizers & Chemicals Ltd (GSFCL) has announced a significant revision in its shareholding pattern of Gujarat Port & Logistics Company Limited (GPLCL), a subsidiary of the company. The change follows receipt of an approval letter from the Government of Gujarat.The Company received the official approval, dated June 24, 2026, on June 25, 2026. This governmental sanction permits the revision in the shareholding pattern and composition of GPLCL's Board of Directors. Following this structural change, GSFCL’s stake in GPLCL is set to reduce from 60% to 11%.
The proposed restructuring impacts the entire ownership structure of Gujarat Port & Logistics Company Limited (GPLCL). The details of the present and proposed holdings are as follows:
| Shareholder Name | Present Holding Amount (₹) | Present Holding (%) | Proposed Holding Amount (₹) | Proposed Holding (%) |
|---|---|---|---|---|
| Gujarat State Fertilizers & Chemicals Limited | 1,20,00,000 | 60% | 2,75,00,000 | 11% |
| Gujarat Maritime Board | 80,00,000 | 40% | 13,00,00,000 | 52% |
| Gujarat Industrial Development Corporation | - | - | 6,50,00,000 | 26% |
| Gujarat Rail Infrastructure Development Corporation | - | - | 2,75,00,000 | 11% |
| Total | 2,00,00,000 | 25,00,00,000 |
Regarding the operational status of GPLCL, company disclosures indicate that the entity is yet to commence its operations. Consequently, the turnover recorded as on March 31, 2026, stands at NIL for Gujarat Port & Logistics Company Limited.
The transaction remains outside the Scheme of Arrangement, and there are currently no related party transactions involved in this proposed change in ownership structure.
GSFC Stock Price Movement
Shares of Gujarat State Fertilizers & Chemicals Limited slipped on Thursday, shedding 0.06% to settle at ₹163.13. The equity closed within its daily trading range and saw a total volume of 437,737 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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