Gujarat State Fertilizers & Chemicals Limited has informed the Exchange about General Updates
GSFC · price
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Mr. S. V. Varma, Executive Director (Agri Business, HR & IR) designated as Senior Management Personnel (SMP), has resigned from Gujarat State Fertilizers & Chemicals Limited effective from close of business hours on 28th April, 2026. He cited pursuit of new opportunities and professional challenges as the reason for resignation. Mr. Varma joined the company in 1990 as an Engineer Trainee and served for more than 35 years, holding various roles including Finance, Project Development, Plant Maintenance, and finally as Head of Agri Business, HR & IR. He also mentioned he was offered the position of Managing Director of HURL in 2023 but chose to continue with GSFC. The company has provided this information in compliance with SEBI Regulation 30 of the Listing Regulations.
The departure of a senior executive with over 35 years of experience may create a leadership gap in the Agri Business, HR & IR functions. Shareholders should monitor for appointment of a successor to this critical role.