Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about change in Management
GNFC · price
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Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has informed the stock exchanges about a change in its Managing Director, effective December 29, 2025. The Government of Gujarat has appointed Shri Rajkumar Beniwal, a 2004-batch IAS officer (Gujarat Cadre), as the new Managing Director, replacing Dr. T. Natarajan, IAS. Dr. Natarajan has resigned from the MD post but will continue on the Board as a Nominee Director representing the Finance Department, Government of Gujarat. Shri Beniwal, who holds a B.Tech from IIT (BHU) and a Master's from Duke University, has held senior roles including District Magistrate of Ahmedabad and MD of Gujarat Urban Development Company. His formal induction is subject to approval by the Nomination and Remuneration Committee and the Board.
This is a routine government-driven leadership change at a state PSU, with the new MD being an experienced IAS officer. Since the change is administrative and the outgoing MD continues on the Board, there is likely no material impact on the company's operations or stock price in the short term. Shareholders should note continuity in government oversight and await the NRC and Board's formal approval of the appointment.