Gujarat State Petronet Limited has informed the Exchange regarding Appointment of Shri M. K. Das, IAS as Non- Executive Director of the company w.e.f. August 12, 2025.
Awaiting price reaction for this filing.
In a board meeting on August 12, 2025, Gujarat State Petronet Limited (GSPL) approved several leadership and auditor changes. Shri M. K. Das, IAS (Additional Chief Secretary to Gujarat CM, 1990 batch) was appointed as Additional Director, replacing Shri M. M. Srivastava, IAS (Retd.), who resigned the same day. The resignation was triggered by promoter Gujarat State Petroleum Corporation nominating a new director. The Board also appointed Shri Lokesh Agarwal as the new CFO and Key Managerial Personnel (joining on or before November 30, 2025), and named Shri Amit Shah, currently Senior Manager (F&A), as Interim CFO until Agarwal takes charge. Both were also named Chief Risk Officer in their respective roles. Additionally, SPANJ & Associates was appointed as Secretarial Auditor for five years (FY26–FY30), and R. K. Patel was appointed as Cost Auditor for FY26.
Routine governance reshuffle with promoter-nominated director change and a planned CFO transition; interim CFO arrangement keeps finance leadership covered. No negative governance flags — likely neutral to mildly positive as a senior IAS officer joins the board.