Gujarat State Petronet Limited has informed the Exchange about change in Management
Awaiting price reaction for this filing.
Gujarat State Petronet Limited (GSPL) announced several changes following its board meeting on 12 August 2025. The company appointed Lokesh Agarwal as the new Chief Financial Officer (CFO) and Key Managerial Personnel, who will join on or before 30 November 2025. Amit Shah, Senior Manager (Finance & Accounts), has been named interim CFO in the meantime and will also serve as interim Chief Risk Officer. On the board, IAS officer M.K. Das has been appointed as Additional Director, nominated by promoter Gujarat State Petroleum Corporation (GSPC) in place of M.M. Srivastava, who has resigned with immediate effect. Additionally, SPANJ & Associates was appointed as Secretarial Auditor for FY2026–FY2030, and R.K. Patel as Cost Auditor for FY2025-26.
These are largely routine governance and management transitions, with the CFO change being the most material for investors. The director swap is a promoter-driven nomination of a senior IAS officer and not an independent director change, so it should not materially affect board independence or shareholder concerns.