The Board has noted the resignation of Shri M. M. Srivastava, IAS (Retd.) as Director of the Company
Awaiting price reaction for this filing.
On August 12, 2025, GSPL's board noted multiple decisions from its meeting. Director Shri M.M. Srivastava, IAS (Retd.) resigned with immediate effect and was replaced by Shri M.K. Das, IAS, who was nominated by the promoter, Gujarat State Petroleum Corporation. The board appointed Shri Lokesh Agarwal as the new CFO and KMP, who will join on or before November 30, 2025, while Shri Amit Shah was named Interim CFO from August 12, 2025 until then. Agarwal will also serve as Chief Risk Officer (CRO), with Amit Shah acting as interim CRO in the meantime. Separately, SPANJ & Associates was appointed as Secretarial Auditor for five financial years (FY26–FY30), and M/s R.K. Patel was named Cost Auditor for FY25-26, subject to shareholder approval at the upcoming AGM.
These are routine governance and succession changes. The promoter-nominated director swap is a normal government/IAS-level transition, and the planned CFO succession with an interim arrangement ensures no disruption to financial oversight. No material negative impact expected for shareholders.