Gujarat State Petronet Limited informs the Exchange regarding Resignation of Shri Tapan Ray, IAS (Retd.) (DIN: 00728682), as the Independent Director from the Board of the Company.
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has informed the exchanges about the immediate resignation of Shri Tapan Ray, IAS (Retd.), as an Independent Director on the Board, effective 15th October 2025. The resignation was submitted via email on the same date, and the company is disclosing this under SEBI Listing Regulations. No specific reason for the resignation has been provided in the filing, and no replacement appointment has been announced. This is a single independent director exit with no immediate impact on day-to-day operations disclosed.
For shareholders, this is a routine board-level change. The resignation of one independent director does not affect the company's operations or financials, but investors should watch for the appointment of a replacement to ensure board composition remains compliant with SEBI's independent director requirements.