Gujarat Narmada Valley Fert & Chem (GNFC) has announced the resignation of its cost auditors for the financial year 2025-26. The company informed the stock exchanges about this development in compliance with SEBI listing regulations.

Key Details of the Resignation

The cost auditors submitted their resignation letter dated November 3, 2025, with immediate effect. GNFC has taken this resignation on record and duly informed the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) as required under SEBI listing regulations.

Implications and Next Steps

The resignation of cost auditors is a significant corporate action that may have implications for the company's financial reporting processes. GNFC will likely need to appoint new cost auditors for the financial year 2025-26 to ensure compliance with regulatory requirements.

As per the LODR (Listing Obligations and Disclosure Requirements) data, GNFC has promptly disclosed this material information to the stock exchanges, demonstrating its commitment to transparency and regulatory compliance. The company has provided the necessary details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

GNFC continues to operate in the fertilizer and chemicals sector, and this change in cost auditors is not expected to affect its day-to-day operations. However, it is an important corporate governance matter that the company will need to address to maintain its financial reporting standards.

Gujarat Narmada Valley Fert & Chem (GNFC) has announced a significant change in its leadership. The company has appointed Shri Manoj Kumar Das, IAS, as its new Chairman and Director, effective November 1, 2025. This appointment comes as a result of a decision made by the Government of Gujarat's Energy & Petrochemicals Department.

Key Details of the Appointment

About Shri Manoj Kumar Das

Shri Manoj Kumar Das brings extensive experience to his new role at GNFC:

• Currently serves as the Chief Secretary to the Government of Gujarat
• Senior IAS Officer of the 1990 batch
• Holds a B.Tech in Computer Science from IIT-Kharagpur
• Specializes in Revenue administration, Urban Management & Civic Issues, Law & Order, and Disaster Management

Professional Background

Shri Das has held several key positions in his career:

• Additional Chief Secretary to the Hon'ble Chief Minister, Gujarat
• District Development Officer, Junagadh
• District Collector in Porbandar, Palanpur & Surat
• Deputy Municipal Commissioner, Ahmedabad
• Municipal Commissioner in Surat & Vadodara
• Worked in the District (J&K Affairs), Home Ministry, Government of India
• Principal Secretary in various departments including Industries and Mines, Food, Civil Supplies & Consumer Affairs

Corporate Experience

His experience extends to the corporate sector:

• Served as Joint Managing Director at Gujarat State Petroleum Corporation Limited (GSPC)
• Held directorships on the boards of Gujarat State Petronet Limited, GSPC LNG Limited, and Gujarat State Police Housing Corporation Limited

Appointment Process and Next Steps

The appointment of Shri Manoj Kumar Das is subject to several approvals:

1. Nomination and Remuneration Committee
2. Board of Directors
3. Shareholders of the Company

GNFC has confirmed that Shri Das is not debarred from holding the office of Director by any order of SEBI or any other authority.

This change in leadership comes at a time when GNFC continues to play a crucial role in the fertilizer and chemical industry. The extensive experience and diverse background of Shri Manoj Kumar Das are expected to bring new perspectives to the company's operations and strategic direction.