GSPL informs the Stock Exchanges about the Cessation of the term w.e.f close of business hours on 22nd October 2025, of Shri Bhadresh Mehta and Dr. Sudhir Kumar Jain as Independent Directors
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has informed the stock exchanges that two of its Independent Directors — Dr. Sudhir Kumar Jain (DIN: 03646016) and Shri Bhadresh Mehta (DIN: 02625115) — will complete their term and cease to hold office as Independent Directors from the close of business hours on 22 October 2025. The disclosure has been made under SEBI Listing Regulations. The reason for cessation is the natural completion of their tenure, with no indication of any governance concerns or disputes.
Two board seats will fall vacant simultaneously, and the company will need to appoint new Independent Directors within the timelines prescribed by SEBI to maintain board composition compliance. This is a routine governance event and unlikely to materially affect the stock price, though shareholders should watch for timely replacements.