Gujarat State Petronet Limited has informed the Exchange regarding Resignation of Mr Pankaj Joshi, IAS as Chairman & Managing Director of the company w.e.f. October 31, 2025.
Awaiting price reaction for this filing.
Mr. Pankaj Joshi, IAS, has resigned as Chairman & Managing Director (CMD) of Gujarat State Petronet Limited with effect from October 31, 2025. The resignation follows his superannuation as Chief Secretary to Government of Gujarat, notified on October 28, 2025. Mr. Joshi held the CMD post along with directorships/chairmanships in several other Gujarat state-owned entities, including GSFC, GNFC, GSPC, Gujarat Gas, and GSPL India Gasnet/Transco. The company has disclosed the details to stock exchanges under SEBI Listing Regulations. No successor has been named in this filing.
This is a routine bureaucratic leadership transition — Mr. Joshi's exit is driven by his government superannuation, not by performance or governance concerns. Since GSPL is a Gujarat state PSU, a new IAS officer is likely to be appointed as CMD. Short-term stock impact should be minimal, though investors may watch for the successor appointment announcement.