Gujarat State Fertilizers & Chemicals Limited has informed the Exchange regarding Resignation of Mr. Pankaj Joshi, IAS (Retd.) as Chairman of the company w.e.f. October 31, 2025.
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Mr. Pankaj Joshi, IAS (Retd.) has resigned as Chairman of GSFC with effect from October 31, 2025. The resignation comes after his superannuation as Chief Secretary to Government of Gujarat. In the same letter, he also stepped down from chairmanship/CMD roles at several other Gujarat state entities including GNFC, GSPC, Gujarat Gas, GSPL, GIGL, GITL and SSNNL. The company has filed the intimation under SEBI Listing Regulations, and an Annexure with the standard disclosure details has been shared. No replacement appointment has been announced in this filing.
For shareholders, this is a routine leadership transition driven by retirement from government service rather than any governance issue. Since GSFC is a Gujarat state-owned company, a new Chairman (typically a senior IAS officer) is likely to be appointed by the state government in due course, which should bring continuity in strategic direction.