Gujarat State Petronet Limited informs the exchange regarding appointment of Shri Lokesh Agarwal as CFO and KMP of the Company and Cessation of Shri Amit Shah as Interim CFO and KMP of ....
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has appointed Shri Lokesh Agarwal as its new Chief Financial Officer and Key Managerial Personnel, effective 2nd December 2025. Agarwal, 51, is a B.Com, LL.B, CA, CS and CMA qualified professional with 28+ years of experience, most recently serving as Director – Finance at Westrock India Pvt. Ltd. This is a planned transition following the Board's August 12, 2025 approval, where he was designated to join on or before 30th November 2025. As a result, Shri Amit Shah, who had been serving as Interim CFO and KMP since August 12, 2025, has ceased in that interim role from the same date. Shah continues in his original position as Senior Manager (Finance & Accounts) at GSPL, where he has been employed since 2003.
This is a routine, pre-announced leadership transition that brings stability to the finance function. A permanent CFO with 28+ years of experience should provide continuity in financial reporting and strategy. No material impact on shareholders is expected.