Gujarat Gas Limited has informed the Exchange regarding Cessation of Mr V K Joshi as Executive Director of the company w.e.f. Jun 02, 2025.
GUJGASLTD · price
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Gujarat Gas Limited has informed the stock exchanges that Dr. V K Joshi, a Class-1 (Senior Scale) officer of the Gujarat Administrative Service (GAS), has been relieved as Executive Director of the company on June 2, 2025 (after office hours). The change is on account of his transfer and appointment as Resident Additional Collector, Dangs-Ahwa, through a notification from the General Administration Department, Government of Gujarat. The company has disclosed this under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. Since Gujarat Gas is a Government of Gujarat undertaking under the GSPC Group, its senior management positions are typically filled by serving government officers on deputation.
This is an administrative government transfer of a deputed officer rather than a performance-driven exit, so it is unlikely to materially affect the company's operations or stock price. A replacement is likely to be nominated by the state government in due course.