Shri Ajith Kumar T.R. is relieved from the services of Chief Financial Officer and Key Managerial personnel of GSPL with effect from 31st May, 2025 after close of business hours, upon his ....
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd has informed the stock exchanges that its Chief Financial Officer and Key Managerial Personnel, Shri Ajith Kumar T.R., is being relieved from services with effect from 31st May 2025 after close of business hours. The reason given is superannuation, meaning he has reached the company's retirement age and is stepping down on a planned basis. No replacement name has been announced in this filing. The intimation has been made under SEBI Listing Regulations and disclosed on the company's website.
This is a routine, planned retirement rather than a sudden or controversial exit, so the negative impact on the stock should be limited. Investors should watch for the appointment of a new CFO, as leadership continuity in finance matters for execution and governance.