Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding Appointment of Mr RAJKUMAR BENIWAL as Managing Director of the company w.e.f. December 29, 2025.
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Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has appointed Shri Rajkumar Beniwal, a 2004-batch IAS officer (Gujarat Cadre), as the new Managing Director effective December 29, 2025. He has been nominated by the Government of Gujarat to replace Dr. T. Natarajan, who has stepped down as Managing Director on the same date following a government order dated December 23, 2025. Mr. Beniwal brings nearly two decades of administrative experience, including stints as District Collector of Mehsana and Ahmedabad, and as Vice-Chairman & CEO of the Gujarat Maritime Board. Dr. Natarajan will continue to serve on the Board as a Nominee Director representing the Finance Department of the Government of Gujarat. His appointment is still subject to approval by the Nomination and Remuneration Committee and the Board.
GNFC is a government-promoted entity, so leadership changes are driven by the Government of Gujarat's administrative decisions rather than market factors. The transition is orderly and routine, and continuity is maintained with Dr. Natarajan staying on the Board. Shareholders are unlikely to see any material impact on the stock price from this change.