Announced Tue, 2 Jun · 17:39 IST

we refer the earlier submission with respect to change in SMP and inform that the delay for submiting the resignation letter was inadvertant and was due to oversight

Kmp ResignedDirector Flagged GovernanceManagement Changes View source PDF

GSFC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹164.00
prior close
₹163.99
base price
After-mkt
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-0.7-0.7-1.0-0.9-1.8-1.0-2.1-0.5-0.6+0.4-0.0-1.1
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AI summary

Gujarat State Fertilizers & Chemicals Ltd has informed the stock exchanges that Mr. S. V. Varma, Executive Director (Agri Business, HR & IR), designated as a Senior Management Personnel (SMP), resigned from the company effective close of business hours on 28th April 2026. The company has admitted that its resignation letter was submitted late, on 29th May 2026, well beyond the 7-day SEBI disclosure deadline. GSFC has clarified that this delay was due to inadvertent oversight and is submitting this letter as a follow-up to its earlier disclosures. The filing is signed by Nidhi Pillai, Company Secretary & Vice President (Legal).

Likely market impact

This is a routine senior management exit and should not materially affect operations, but the admitted delay in regulatory filing is a minor governance/compliance red flag that investors may note. Shareholders should watch for any further announcements regarding replacement of the Agri Business, HR & IR portfolio.