Gujarat Mineral Development Corporation Limited has announced the completion of Prof. Shailesh Gandhi's tenure as Independent Director, marking the end of his two consecutive terms with the company. The mining and mineral products company informed both the National Stock Exchange and Bombay Stock Exchange about this board change on January 2, 2026.

Director Tenure Details

The company disclosed that Prof. Shailesh Gandhi completed his service as Independent Director on December 31, 2025. Following the completion of his tenure, he has ceased to be a member of the Board of Directors of Gujarat Mineral Development Corporation Limited.

Regulatory Compliance

The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions, including changes in board composition.

The communication was signed by Joel Shantilal Evans, Company Secretary of Gujarat Mineral Development Corporation Limited, and was digitally authenticated on January 2, 2026. The company has requested both stock exchanges to take note of this board change.

Stock Exchange Communication

The formal intimation was sent to both major Indian stock exchanges where the company's shares are listed. Gujarat Mineral Development Corporation trades on the National Stock Exchange under the symbol GMDCLTD and on the Bombay Stock Exchange under code 532181. The company maintains its commitment to transparent disclosure practices by promptly informing exchanges about significant corporate developments.

Gujarat Mineral Development Corporation Limited has announced the resignation of Ms. Arti Kanwar, IAS, from her position as Non-Executive Director on the company's Board of Directors. The resignation became effective on December 29, 2025, following an administrative transfer ordered by the Government of Gujarat.

Resignation Details

The company disclosed the resignation in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the resignation are outlined below:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated by SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Transfer Notification

Ms. Arti Kanwar's resignation stems from her transfer effected by the Government of Gujarat through Notification No. AIS/35.2025/56/G dated December 23, 2025, issued by the General Administration Department. As an IAS officer, her board position was subject to administrative postings and transfers as determined by the state government.

Material Reasons Confirmation

The company has confirmed that Ms. Arti Kanwar has provided written confirmation stating that there are no other material reasons for her resignation apart from the administrative transfer mentioned above. This confirmation is required under SEBI regulations to ensure transparency regarding director resignations.

The resignation represents a routine administrative change resulting from government transfer policies for IAS officers serving on corporate boards of state enterprises.