Gujarat State Fertilizers & Chemicals Limited announced that The Board of Directors of the Company at its meeting held on 25 May, 2023, inter, alia, has recommended a Dividend of INR 10 per Equity Shares of INR 2/- each fully paid-up (i.e. 500 %) for the year ended 31®' March, 2023, subject to approval of shareholders at upcoming Annual General Meeting. Upon approval of shareholders, the dividend declared will be paid within 30 days of declaration. The date of Annual General Meeting, Book Closure Date and Dividend Payment Date will be intimated in due course.