GFL logo

GFL MD, chairman, board of directors and AGM

NSE: GFLLIMITEDBSE: 500173FinanceSmall Cap

Formerly Gujarat Fluorochemicals
Last close ₹53.04down ₹1.54 (2.82%)BSE ₹53.55

Share price at the NSE close on 23 Oct 2026. Previous close ₹54.58.

52-week range of traded prices to 23 Oct 2026
₹37.25Low, 30 Mar 2026₹78.80High, 23 Oct 2025
Market cap
₹583 Cr1,830th largest listed
P/E
9.6
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
2.4%
ROCE
0.1%
Debt to equity
0.00
Volume, NSE
73,05544.3% delivered

GFL board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorPAVAN KUMAR JAINRelated to the promoter
  • Company Secretary and Compliance OfficerLakhan Laxmi Rajam Shamala

6 directors3 independent1 executive2 non-executive

  • PAVAN KUMAR JAIN · Chairperson and managing directorExecutive · joined Feb 1987 · reappointed Feb 2026 · 3 listed boards · 3 committee seats, 1 as chair
  • SIDDHARTH JAINNon-executive · joined May 2021 · 3 listed boards · 5 committee seats, 2 as chair
  • ISHITA JAINNon-executive · joined Feb 2026 · 2 listed boards · 1 committee seat
  • SHASHI KISHORE JAINIndependent · joined May 2021 · reappointed May 2026 · 61 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • GIRIJA BALAKRISHNANIndependent · joined Feb 2024 · reappointed Feb 2024 · 29 months as independent · 6 listed boards · 6 as independent · 10 committee seats, 4 as chair
  • SUDIP MULLICKIndependent · joined Apr 2025 · reappointed Apr 2025 · 14 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • DEVENDRA KUMAR JAIN, left 29 Dec 2025: Others
  • VANITA BHARGAVA, left 27 Apr 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 29 May 20266 of 6 present3 independent · 105 days in between
    • 12 Feb 20265 of 5 present3 independent

  • Audit Committee

    Chair GIRIJA BALAKRISHNAN

    SHASHI KISHORE JAIN, SIDDHARTH JAIN, SUDIP MULLICK

    • 29 May 20264 of 4 present3 independent · 105 days in between
    • 12 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair GIRIJA BALAKRISHNAN

    SIDDHARTH JAIN, SUDIP MULLICK

    • 29 May 20263 of 3 present2 independent · 105 days in between
    • 12 Feb 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair SIDDHARTH JAIN

    GIRIJA BALAKRISHNAN, PAVAN KUMAR JAIN

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair GIRIJA BALAKRISHNAN

    PAVAN KUMAR JAIN, SIDDHARTH JAIN

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Patankar & Associates, Chartered AccountantPeer-review certificate valid to Jul 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

GFL AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.GFL dividend history

Annual general meeting, 23 Sep 2026

29,841 shareholders on the register on 15 Sep 2026; present: 3 promoters and 55 others; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. 1 - Adoption of Audited Financial Statements. To consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 69.04% · promoters 100.00% · institutions 0.00% · other public 1.03%

  2. Re-appointment of Mr. Siddharth Jain (DIN: 00030202) who retires by rotation, and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 69.04% · promoters 100.00% · institutions 0.00% · other public 1.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Aug 2026, 1 resolution

29,562 shareholders on the register on 3 Jul 2026; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. Re- Appointment of Mr. Shashi Kishore Jain (Din: 00443861) for a second consecutive term of 5 (Five) years as A Non-Executive- Independent Director on the Board of the Company w.e.f. 30th May, 2026 up to 29th May, 2031MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.20%

    Turnout: all 69.51% · promoters 100.00% · institutions 0.00% · other public 2.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 27 Mar 2026, 2 resolutions

29,927 shareholders on the register on 20 Feb 2026; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE APPOINTMENT OF MRS. ISHITA JAIN (DIN: 09276232) AS A NON-EXECUTIVE DIRECTOR.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 2.40% · other public 0.22%

    Turnout: all 69.48% · promoters 100.00% · institutions 47.10% · other public 1.88%

  2. CHANGE IN DESIGNATION OF MR. PAVAN KUMAR JAIN (DIN: 00030098) FROM NON-EXECUTIVE DIRECTOR TO CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY BEYOND THE AGE OF 70 YEARS.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.38%

    Turnout: all 69.48% · promoters 100.00% · institutions 47.10% · other public 1.88%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 3 resolutions

29,127 shareholders on the register on 16 Sep 2025; present: 6 promoters and 39 others; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. 1 - Adoption of Audited Financial Statements. To consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, the reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.14%

    Turnout: all 70.38% · promoters 100.00% · institutions 86.27% · other public 0.80%

  2. Re-appointment of Mr. Pavan Kumar Jain( DIN: 00030098) as Director of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.67%

    Turnout: all 70.38% · promoters 100.00% · institutions 86.27% · other public 0.80%

  3. To appoint Secretarial Auditors of the Company and to fix their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.15%

    Turnout: all 70.38% · promoters 100.00% · institutions 86.27% · other public 0.80%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Jun 2025, 1 resolution

30,313 shareholders on the register on 2 May 2025; votes counted by Dhrumil M. Shah / Dhrumil M. Shah & Co. LLP.The company's voting result (opens in a new tab)

  1. 1 - Regularization of Appointment of Additional Director Mr. Sudip Mullick (DIN: 06942241) as a Non - Executive Independent Director of the Company
    Special
    97.49% for2.51% against

    Against: promoters 0.00% · institutions 99.76% · other public 0.21%

    Turnout: all 70.87% · promoters 100.00% · institutions 88.69% · other public 1.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 18 Sep 2024, 2 resolutions

Present: 6 promoters and 48 others.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024 and reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 71.19% · promoters 100.00% · institutions 91.15% · other public 1.46%

  2. Re-appointment of Mr. Siddharth Jain (DIN: 00030202) as a Director of the Company
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 2.16% · other public 0.67%

    Turnout: all 71.19% · promoters 100.00% · institutions 91.15% · other public 1.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 16 Jul 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Devendra Kumar Jain (DIN 00029782) as the Chairman and Managing Director of the Company for the tenure of 5 (five) years w.e.f 1st August 2024 to 31st July, 2029
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.34%

    Turnout: all 71.75% · promoters 100.00% · institutions 91.58% · other public 3.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. Appointment of Ms. Girija Balakrishnan (DIN: 06841071) as an Independent Director of the Company
    Special
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 1.61% · other public 0.18%

    Turnout: all 71.76% · promoters 100.00% · institutions 93.61% · other public 2.58%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 27 Mar 2026, 1 fund house

  • TO CONSIDER AND APPROVE THE APPOINTMENT OF MRS. ISHITA JAIN (DIN: 09276232) AS A NON-EXECUTIVE DIRECTOR.
    1 for0 against
  • CHANGE IN DESIGNATION OF MR. PAVAN KUMAR JAIN (DIN: 00030098) FROM NON-EXECUTIVE DIRECTOR TO CHAIRMAN AND MANAGING DIRECTOR OF THE COMPANY BEYOND THE AGE OF 70 YEARS.
    1 for0 against

Mutual fund votes, meeting of 23 Sep 2025, 1 fund house

  • 1 - Adoption of Audited Financial Statements. To consider and adopt: a. Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025, the reports of the Board of Directors and Auditors thereon; and b. Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Auditors thereon.MoreLess
    1 for0 against
  • Re-appointment of Mr. Pavan Kumar Jain( DIN: 00030098) as Director of the Company
    1 for0 against
  • To appoint Secretarial Auditors of the Company and to fix their remuneration.
    1 for0 against
4 earlier meetings

Mutual fund votes, meeting of 5 Jun 2025, 1 fund house

  • 1 - Regularization of Appointment of Additional Director Mr. Sudip Mullick (DIN: 06942241) as a Non - Executive Independent Director of the Company
    Against Aditya Birla Sun Life Mutual Fund
    • Aditya Birla Sun Life Mutual FundSudip Mullick, 58, is Partner, Real Estate, Construction (Contracts and Disputes), and Hospitality at the law firm Economic Laws Practice (ELP). He previously served as Partner at Khaitan & Co. until September 2024. He was associated with Khaitan & Co. for over three decades and was part of the team that established the firm’s Mumbai office. His appointment as an Independent Director is in line with statutory requirements. GFL Limited is a core investment company and mainly holds investments in its associate, PVR Inox Limited, and in its subsidiary, Inox Infrastructure Limited. Public sources indicate that ELP has represented PVR Inox Ltd. before judicial authorities. We do not support the appointment of Independent Directors who are associated with firms that have a pecuniary relationship with the company or the group. We also note that Sudip Mullick had advised the Inox group during his tenure at Khaitan & Co. Given the business relationship, we do not support the resolution. The company may consider appointing him as a Non-Independent Director instead.
    0 for1 against

Mutual fund votes, meeting of 18 Sep 2024, 1 fund house

  • Adoption of Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2024 and reports of the Board of Directors and Auditors thereon.
    1 for0 against
  • Re-appointment of Mr. Siddharth Jain (DIN: 00030202) as a Director of the Company
    1 for0 against

Mutual fund votes, meeting of 16 Jul 2024, 1 fund house

  • Re-appointment of Mr. Devendra Kumar Jain (DIN 00029782) as the Chairman and Managing Director of the Company for the tenure of 5 (five) years w.e.f 1st August 2024 to 31st July, 2029
    1 for0 against

Mutual fund votes, meeting of 19 Mar 2024, 1 fund house

  • Appointment of Ms. Girija Balakrishnan (DIN: 06841071) as an Independent Director of the Company
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.