Gujarat State Petronet Limited has informed the Exchange regarding 'Appointment of Secretarial Auditor, Cost Auditor, CFO/KMP, Interim CFO/KMP, CRO'.
Awaiting price reaction for this filing.
Gujarat State Petronet (GSPL) announced multiple board-level decisions on 12 August 2025. The Board appointed SPANJ & Associates as Secretarial Auditor for five financial years (FY26–FY30), subject to shareholder approval, and M/s R. K. Patel as Cost Auditor for FY 2025-26. Shri M. K. Das, IAS (Additional Chief Secretary to Gujarat CM) was appointed as Additional Director, nominated by promoter Gujarat State Petroleum Corporation (GSPCL) in place of Shri M.M. Srivastava, IAS (Retd.), who resigned as Director with immediate effect. The Board also appointed Shri Lokesh Agarwal (currently Director–Finance at Westrock India) as the new CFO and CRO, to join on or before 30 November 2025, while Shri Amit Shah (Senior Manager F&A) will serve as Interim CFO and CRO from 12 August 2025 until Agarwal takes charge.
These are routine governance changes with no negative implication. The director change is a standard promoter-nominee (IAS officer) rotation by GSPCL, and the CFO transition is being managed smoothly with an internal interim arrangement, avoiding any leadership vacuum. Shareholders are unlikely to see a material stock reaction; the key item to watch is shareholder approval for the Secretarial Auditor at the upcoming AGM.