Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding Change in Director(s) of the company.
GNFC · price
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Awaiting price reaction for this filing.
GNFC has informed the stock exchanges that Shri Sanjeev Kumar, IAS (DIN: 03600655) has resigned as a Director of the company with effect from January 2, 2026, after the close of working hours. The resignation follows his cessation as Managing Director of Gujarat State Fertilizers & Chemicals Limited (GSFC), pursuant to a Government of Gujarat notification dated January 2, 2026. He has also stepped down from membership of all board committees of GNFC with immediate effect. The resignation letter was received by the company on January 3, 2026, and a copy has been attached to the filing. No reason of a governance, audit, or performance nature has been cited — this appears to be a routine change arising from a government administrative transfer.
This is a routine government-nominee director change with no negative implications for shareholders. The board composition will be adjusted accordingly, and investors should expect a replacement director to be appointed by the Government of Gujarat in due course. No material impact on stock price or operations is expected.