Gujarat Narmada Valley Fert & Chem (GNFC) has announced a significant change in its leadership. Shri Pankaj Joshi, IAS (Retd.) (DIN: 01532892) has resigned from his position as Director and Chairman of the company, effective October 31, 2025. This move comes as a result of his superannuation from his role as Chief Secretary to the Government of Gujarat.

Details of the Resignation

The company received Joshi's resignation letter on November 1, 2025, a day after his official departure. The resignation marks the end of his tenure not only at GNFC but also at several other Gujarat state-owned enterprises where he held key positions.

Impact on Multiple State-Owned Companies

Joshi's departure affects several prominent Gujarat state-owned companies where he held various leadership roles. The table below outlines the companies and his respective positions:

Compliance with Regulatory Requirements

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, GNFC has formally notified the stock exchanges about this change in the company's directorate. The notification includes all necessary details as mandated by the regulatory guidelines.

Looking Ahead

While the company has not yet announced a successor, this change in leadership may signal a new chapter for GNFC and the other affected state-owned enterprises. Stakeholders will be keenly watching for any subsequent appointments and their potential impact on the strategic direction of these companies.

The resignation of a key figure like Shri Pankaj Joshi, who held multiple influential positions across various state-owned companies, underscores the interconnected nature of leadership in Gujarat's public sector enterprises. As these companies navigate this transition, it will be crucial to monitor how they maintain continuity in their operations and strategic initiatives.

Gujarat Narmada Valley Fert & Chem has announced the departure of Shri Murtaza I. Shamsi, Executive Director and Senior Managerial Personnel, effective October 31, 2025. This change in the company's senior management comes as Mr. Shamsi's contract of employment reaches its conclusion.

Key Details of the Management Change

Gujarat Narmada Valley Fert & Chem has provided the following information regarding the change in senior management:

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The information was communicated to both the BSE Limited and the National Stock Exchange of India Limited.

Regulatory Compliance

Gujarat Narmada Valley Fert & Chem has adhered to the regulatory requirements by providing details as mandated under Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, as amended.

The company's commitment to transparency is evident in its prompt disclosure of this management change to the stock exchanges and shareholders. Such timely communications are crucial for maintaining investor trust and ensuring compliance with regulatory standards in the Indian corporate landscape.