GMDCLTDNSEGujarat Mineral Development Corporation Limited· MiningMediumNegative
Announced Tue, 30 Dec · 16:35 IST

Gujarat Mineral Development Corporation Limited has informed the Exchange regarding Cessation of Ms. Arti Kanwar, IAS as Non- Executive Director of the company w.e.f. December 29, 2025.

Management Changes View source PDF

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AI summary

Ms. Arti Kanwar, IAS, a Non-Executive Director on the board of GMDC, has resigned with effect from December 29, 2025. Her resignation is due to a transfer order issued by the General Administration Department, Government of Gujarat. She has confirmed there are no other material reasons for stepping down. GMDC is a Government of Gujarat enterprise, and her position was a government nominee directorship tied to her bureaucratic role as Secretary (Economic Affairs).

Likely market impact

This is a routine changeover of a government-nominated director and is not expected to materially affect operations or shareholder value. Investors should monitor for the appointment of a replacement government nominee director in due course.