GNFC declares dividend and appoints Sanjeev Kumar  as MD

GNFC Ltd approved a ₹21 per‑share dividend at its 50th AGM and named Sanjeev Kumar (IAS) as Managing Director. The stock jumped 11 % to ₹599 after strong FY26 results and renewed investor confidence. At its 50th Annual General Meeting on September 16 2026, GNFC shareholders cleared all six resolutions with > 99 % approval. The company reported FY26 revenue of ₹7,773 crore (+ 36 % YoY) and PAT of ₹797 crore (+ 36 %). Dividend payout totals ₹308.6 crore (210 %), reflecting robust cash flows and negative net debt of ₹1,109 crore. Operationally, GNFC set 30 production records and plans capacity expansion at Bharuch and Dahej. Why it matters: The leadership change and high dividend signal confidence in growth visibility across fertiliser and chemical segments. Chemical margins remain strong while fertiliser losses narrow on better realisation. My view: GNFC’s balance sheet and cash position make it a defensive PSU play amid volatile commodity prices. I expect ₹560 as support and ₹620 as resistance in the near term. Sustained chemical profitability and project execution could drive FY27 EPS above ₹60. Close Stance: Positive medium‑term; accumulate on dips near ₹570. Disclosure: No holding or financial interest in GNFC Ltd.