Gujarat Narmada Valley Fert & Chem has appointed Sanjeev Kumar, IAS, as Managing Director and Key Managerial Personnel with effect from September 9, 2026. The Board approved the appointment on September 16, following a recommendation from the Nomination and Remuneration Committee.

The resolution confirms the additional charge assigned by the Gujarat Government via Notification No. AIS/35.2026/37/Ser(I) dated September 5, 2026. Kumar replaces Rajkumar Beniwal, who resigned on September 9, 2026.

Board Approval and Tenure

The Board meeting held on September 16, 2026, commenced at 4:25 pm and concluded at 4:40 pm. It transacted the appointment business, noting the government notification appointing Kumar as a Government Director under Article 136 of the Articles of Association.

Kumar is designated as Key Managerial Personnel under Section 2(51) read with Section 203 of the Companies Act, 2013. His tenure continues until further orders of the Gujarat Government, subject to a maximum period of five years from the date of assumption of charge. This appointment is also subject to approval by members of the company.

Leadership Transition Details

Rajkumar Beniwal (DIN: 07195658) ceased to be the Managing Director and a Director with effect from September 9, 2026. This cessation followed his relinquishment of charge pursuant to the government notification and his resignation dated September 9, 2026.

Sanjeev Kumar (DIN: 03600655) assumed charge immediately upon Beniwal’s departure. Kumar is not debarred from holding office as a Director by virtue of any SEBI order or authority.

Profile of New Managing Director

Sanjeev Kumar is a 1998-batch IAS officer from the Gujarat cadre. He currently serves as Principal Secretary to the Chief Minister of Gujarat. He holds a B.Tech (Hons.) from IIT Kharagpur and an MPA from the Hubert H. Humphrey School of Public Affairs, University of Minnesota, USA.

With over 28 years of experience in public administration, Kumar has served in sectors including finance, energy, petrochemicals, and environmental governance. He has held roles in Panchayats, Rural Development, Finance, General Administration, Commercial Taxes, Energy & Petrochemicals, Forest & Environment, Climate Change, Urban Development, and Urban Housing. He has also worked with listed state PSUs.

Regulatory Compliance

The intimation was filed under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made on September 16, 2026, superseding earlier intimations dated September 6, 2026, and September 9, 2026.

Rajesh Pillai, Company Secretary & Compliance Officer, signed the communication addressed to BSE Limited and National Stock Exchange of India Limited.

Gujarat Narmada Valley Fertilizers & Chemicals Limited shareholders have approved the appointment of M/s. B S R and Co., Chartered Accountants, as its statutory auditors for a term of five consecutive years.

The approval was granted at the company’s 50th Annual General Meeting (AGM). The firm, based in Ahmedabad and holding Firm Registration No. 128510W, will serve from the conclusion of the 50th AGM until the conclusion of the 55th AGM.

Appointment Details

The Board of Directors and the Audit Committee recommended the appointment. The company notified stock exchanges on September 16, 2026, following the AGM resolution.

The disclosure complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, issued on July 11, 2023, and last updated on January 30, 2026. The company stated that all required details had already been disclosed in a previous letter dated May 18, 2026.