The Board has approved the following: 1. Appointment of Secretarial Auditors, Cost Auditors, Additional Director, CFO & KMP, Interim CFO & KMP, CRO 2. The Board has noted the resignation of Director
Awaiting price reaction for this filing.
The Board of Gujarat State Petronet Ltd (GSPL) approved several appointments at its meeting on 12 August 2025. M/s SPANJ & Associates was appointed as Secretarial Auditor for five financial years (FY26–FY30), subject to shareholder approval, and M/s R. K. Patel was named Cost Auditor for FY2025-26. Shri M.K. Das, a 1990-batch IAS officer and Additional Chief Secretary to the Gujarat CM, was appointed Additional Director in place of Shri M.M. Srivastava (IAS Retd.), who resigned with immediate effect — both changes were driven by promoter Gujarat State Petroleum Corporation Ltd (GSPCL) nominating a new representative. Shri Lokesh Agarwal (currently Director-Finance at Westrock India) was named CFO and CRO, to join on or before 30 November 2025, while Shri Amit Shah, Senior Manager (F&A) at GSPL, was appointed Interim CFO and CRO from 12 August 2025 until Agarwal takes charge.
This is largely a routine governance update: a promoter-nominee director swap and the appointment of a new CFO with an internal interim arrangement to ensure continuity. Shareholders should note the new CFO joins from outside (Westrock India), which may bring fresh financial perspective, but there is no material change to business strategy or operations implied.