GNFC: MD Rajkumar Beniwal replaced by Sanjeev Kumar, IAS

CEO resignedExternal CEO appointedKey managerial personnel resignedManagement Changes View source PDF Explain this filing

GNFC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹577.00

prior close

₹572.00

announcement price

After-mkt

timing

Nifty Microcap 250market-0.2%-1.0% vs market

Commodity Chemicals peers, median of 61sector-0.7%-0.6% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.6 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.4

15m

-0.7

30m

-0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.2-1.0-0.7-0.6

Next day

-2.5-0.1-2.4-1.1-1.3

-6.3-3.4-3.0-2.0-4.3

-6.6-3.5-3.1-2.6-4.0

+1.3-2.7+4.0-2.0+3.3

+1.7-1.1+2.8-0.5+2.3

+3.7-0.8+4.6-0.8+4.5

15d

+1.1-2.9+3.9-1.9+2.9

+3.2-3.5+6.7-0.7+4.0

—————

UpDownMarket · Nifty Microcap 250Sector · Commodity Chemicals peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GNFC's Managing Director Shri Rajkumar Beniwal, IAS ceased office on September 9, 2026 after being transferred by the Government of Gujarat. Shri Sanjeev Kumar, IAS, currently Principal Secretary to the Chief Minister of Gujarat (1998 batch, Gujarat cadre), has been assigned additional charge as MD until further orders. His appointment will be placed before the Board and NRC for approval.

Likely market impact

Government-driven leadership change. New MD brings 27+ years of administrative experience across energy, petrochemicals, finance and governance sectors.