Gujarat Industries Power Company Limited has informed the Exchange regarding Change in Director(s) of the company.
GIPCL · price
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Gujarat Industries Power Company Limited (GIPCL) has informed the exchanges about the resignation of Shri Krishna Kumar Nirala, IAS (DIN: 08665796) from the Board of Directors. He was a Government of Gujarat nominee director on the board. His resignation is a result of his transfer from the position of Secretary (Expenditure) in the Finance Department of the Government of Gujarat. He submitted his resignation letter on 17th June 2025, and ceased to be a Director with effect from 1st July 2025. He also stepped down from directorships in six other Gujarat government-owned entities at the same time, indicating a routine government administrative reshuffle.
This is a routine change of a government nominee director and is not expected to materially affect the company's operations or shareholder value. The government will likely appoint a replacement nominee director in due course.