Announced Wed, 9 Sept · 21:43 IST
GNFC: MD Rajkumar Beniwal replaced by Sanjeev Kumar, IAS
GNFC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹577.00
prior close
₹572.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.4-0.7-0.2-2.5-6.3-6.6+1.3+1.7—————
Up moveDown movePending
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.