GSFC stake in subsidiary GPLCL to reduce to 11%

Gujarat State Fertilizers & Chemicals Ltd (GSFC) announced a proposed revision in the shareholding pattern of its subsidiary, Gujarat Port & Logistics Company Limited (GPLCL). The Government of Gujarat has approved the revision, which will see GSFC's stake reduce from 60% to 11%. The total investment in GPLCL will increase from ₹2 Cr to ₹25 Cr, with new investors Gujarat Maritime Board, Gujarat Industrial Development Corporation, and Gujarat Rail Infrastructure Development Corporation coming in. GPLCL has not yet commenced operations, with its turnover as of March 31, 2026, being NIL. GSFC will take necessary actions to implement the revised shareholding pattern.