The Board has approved the appointment of Shri M. K. Das, IAS as Additional Director
Awaiting price reaction for this filing.
Gujarat State Petronet Ltd's board met on 12 August 2025 and made several key appointments. Shri M.K. Das, IAS (1990 batch, currently Additional Chief Secretary to Gujarat's Chief Minister) was appointed as Additional Director, nominated by promoter Gujarat State Petroleum Corporation Limited (GSPC) in place of Shri M.M. Srivastava, IAS (Retd.), who resigned with immediate effect. Shri Lokesh Agarwal was appointed as the new Chief Financial Officer (CFO) and Chief Risk Officer (CRO), to join on or before 30 November 2025, while Shri Amit Shah, Senior Manager (F&A), was named Interim CFO and CRO from 12 August 2025 until Agarwal takes charge. Additionally, SPANJ & Associates was appointed as Secretarial Auditor for five financial years (FY26–FY30) and M/s R.K. Patel as Cost Auditor for FY25–26.
Routine board-level changes with no negative governance flags. The CFO transition is being managed smoothly with an interim arrangement, and the promoter-nominated IAS director replacement is a standard government seat rotation. No immediate material impact expected on shareholders or stock price.