Gujarat Narmada Valley Fertilizers & Chemicals Limited announced that at its board meeting held on May 18, 2023, the Board of Directors recommended a Dividend of INR 30 per equity share of INR 10 each Fully Paid Up (at 300%) for the financial year ended 31st March, 2023, subject to approval of Shareholders at the upcoming Annual General Meeting. Upon approval by the Shareholders, the dividend declared will be paid within 30 days of declaration and the date of payment of dividend will be intimated in due course.