GSP Crop Science Ltd

GSP Crop Science Limited's Board of Directors has approved a Scheme of Arrangement for the amalgamation of Rajdhani Petrochemicals Private Limited (Transferor Company) with GSP Crop Science Limited (Transferee Company). The demerged company is GSP Intermediates Private Limited. The appointed date for the scheme is April 1, 2026. All assets and liabilities of Rajdhani Petrochemicals and the demerged undertaking of GSP Intermediates will be transferred to GSP Crop Science at carrying values. The company holds the entire share capital of both Rajdhani Petrochemicals and GSP Intermediates, which will be cancelled upon the scheme becoming effective. The rationale includes streamlining corporate structure, consolidating assets, achieving operational synergies, and enhancing stakeholder value.

GSP Crop Science Limited's Board of Directors has approved a Scheme of Arrangement for the amalgamation of Rajdhani Petrochemicals Private Limited (RPPL) and GSP Intermediates Private Limited (GIPL) into GSP Crop Science Limited. The appointed date for the scheme is April 1, 2026. The entire assets and liabilities of RPPL and the demerged undertaking of GIPL will be transferred to GSP Crop Science at their carrying values. As GSP Crop Science holds the entire share capital of both RPPL and GIPL, no new shares will be allotted upon the scheme's effectiveness, and RPPL's shares held by GSP will be cancelled. The rationale includes streamlining corporate structure, consolidating operations, and enhancing stakeholder value through synergies and increased scale.

GSP Crop Science Ltd has announced the closure of its trading window for dealing in the company's securities. The window will be closed effective July 1, 2026, and will remain shut until 48 hours after the announcement of the Unaudited Financial Results for the quarter ended June 30, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

GSP Crop Science Limited has successfully completed the acquisition of the remaining 21% equity stake in its subsidiary, GSP Intermediates Private Limited (GIPL). This acquisition, finalized on June 11, 2026, increases GSP Crop Science's shareholding in GIPL to 100%, making it a wholly-owned subsidiary. The transaction involved the purchase of 31,50,000 equity shares of face value Rs. 10/- each from an existing shareholder.

GSP Crop Science Ltd confirms no deviation or variation in the utilization of proceeds raised through its Public Issue for the quarter and financial year ended March 31, 2026, from the objects stated in the Prospectus. The Audit Committee and Board of Directors reviewed and noted the statement of utilization of issue proceeds, confirming adherence to the stated objectives. The report is available on the company's website.

GSP Crop Science Ltd has created a pledge on 15,43,500 equity shares of its subsidiary, GSP Intermediates Private Limited (GIPL), in favor of Aditya Birla Capital Limited on May 26, 2026. This pledge represents 13.03% of GSP Crop Science's 79% shareholding in GIPL. The pledge serves as security for a term loan availed by GIPL. After this transaction, 5,806,500 equity shares (49% of the 79% shareholding) of GIPL are already under pledge. GSP Crop Science continues to hold 79% shareholding in GIPL, and the transaction does not result in any change in control or ownership of the subsidiary company.

GSP Crop Science Ltd's board approved audited financial results for the year ended March 31, 2026, with an unmodified opinion from MSKC & Associates LLP. A final dividend of ₹1.00 per share (10%) was recommended, subject to shareholder approval. Mahajan & Aibara LLP were appointed as Internal Auditor, and Dalwadi & Associates re-appointed as Cost Auditor for FY 2026-27. Mr. Shail Jayesh Shah redesignated as Executive Director - Strategy and Corporate Affairs, and Mr. Pranav Chitre appointed as CFO effective June 1, 2026.

GSP Crop Science Ltd. announces the re-designation of Mr. Shail Jayesh Shah from Whole Time Director and CFO to Executive Director- Strategy and Corporate Affairs, effective June 1, 2026. Mr. Shah will cease to be CFO on May 31, 2026. The Board has approved the appointment of Mr. Pranav Chitre as the new CFO, effective June 1, 2026. The board also approved Audited Financial Results for FY26, recommended a final dividend of ₹1.00 per share, and appointed Mahajan & Aibara LLP as Internal Auditor for FY27.

GSP Crop Science Ltd. announced the appointment of Mr. Pranav Chitre as Chief Financial Officer (Key Managerial Personnel) effective June 1, 2026. This decision was made during a Board of Directors meeting on May 26, 2026, where the board also approved audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹1.00 per equity share, and appointed/re-appointed internal and cost auditors. Mr. Shail Jayesh Shah will transition to Executive Director - Strategy and Corporate Affairs.

GSP Crop Science Ltd has re-appointed M/s Dalwadi & Associates as Cost Auditor for the financial year 2026-27. This decision was made during the Board of Directors meeting held on May 26, 2026, where the board also approved the audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹1.00 per equity share, and appointed Mahajan & Aibara LLP as Internal Auditor.