Gujarat Industries Power Company Limited has informed the Exchange regarding Cessation of Shri Sandeep Kumar, IAS, as a Director (Nominee of Government of Gujarat) from the Board of Directors of the company w.e.f. February 19, 2026, consequent to withdrawal of nomination by Finance Department, Government of Gujarat.
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Shri Sandeep Kumar, IAS, has ceased to be a Director on the Board of Gujarat Industries Power Company Limited effective February 19, 2026. He was a nominee of the Government of Gujarat, and his cessation follows the withdrawal of his nomination by the Finance Department, Government of Gujarat. The company has informed the stock exchange about this change. No reason of personal nature or governance concern has been indicated — this appears to be a routine government nominee rotation.
This is a routine change in board composition driven by the state government and is unlikely to materially affect the company's operations or shareholder value. The company will likely receive a new government nominee in due course.