Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange regarding Appointment of Mr SUSANTA KUMAR ROY as Non- Executive Independent Director of the company w.e.f. August 06, 2025.
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Gujarat Narmada Valley Fertilizers and Chemicals Limited (GNFC) has informed the exchanges about two changes to its board effective August 6, 2025. Shri Susanta Kumar Roy, a former NTPC board member with 40+ years of experience in thermal, hydro and renewable power station operations, has been appointed as an Additional Director (Independent Category) for a three-year term ending August 5, 2028, subject to shareholder approval. Separately, Shri Bhadresh Mehta, a Chartered Accountant, Company Secretary and Cost Accountant with 25+ years of senior management experience in finance, audit and IT, has been re-appointed as an Independent Non-Executive Director for a second three-year term from September 27, 2025 to September 26, 2028, also subject to shareholder approval. Both directors have confirmed they meet SEBI's independence criteria and have not been debarred from holding director positions by any authority.
This is a routine board composition change with no financial or operational implications. The appointments bring additional expertise in power sector operations and finance/audit to the board, but shareholder approval is still pending at the upcoming AGM.