Gujarat State Petronet Limited has informed the Exchange regarding Change in Director(s) of the company.
Awaiting price reaction for this filing.
Shri Pankaj Joshi, IAS has resigned as Chairman & Managing Director (CMD) of Gujarat State Petronet Limited effective October 31, 2025. His resignation is on account of his superannuation (retirement) as Chief Secretary to Government of Gujarat. The same retirement also led to his stepping down from chairman/director roles at seven other Gujarat state entities including GSFC, GNFC, GSPC, Gujarat Gas, and GSPL India Gasnet/Transco. No replacement appointment has been announced in this filing. The disclosure has been made under SEBI Listing Regulations with full details enclosed.
This is an expected, procedural exit tied to a government bureaucrat's retirement rather than any governance concern, so the negative impact should be limited. However, leadership at the top is now vacant, and investors should watch for the Gujarat government's nomination of a new CMD, which could influence strategic direction.