Gujarat Craft Industries Limited has announced a key leadership change with the resignation of its Company Secretary and Compliance Officer. The company informed BSE Limited about this corporate governance development through an official regulatory filing.

Leadership Transition Details

Ms. Sejal M. Kanbi has stepped down from her role as Company Secretary and Compliance Officer effective January 1, 2026. The resignation was submitted to pursue better growth opportunities for personal and professional advancement.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed compliance with Part A of Schedule III of the said regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

In her resignation letter, Ms. Kanbi confirmed that there are no other material reasons for her departure beyond the stated career advancement objectives. This confirmation aligns with the disclosure requirements under Clause 7C of Part A of Schedule III of the Listing Regulations.

Company Leadership

The regulatory filing was signed by Rishab Chhajer, Chairman and Managing Director of Gujarat Craft Industries Limited (DIN: 05184646). The company, incorporated in 1984 with CIN L25111GJ1984PLC007130, operates as an ISO-9001 certified organization in the packaging sector.

Corporate Information

Gujarat Craft Industries Limited maintains its head office and manufacturing facility at Santej-Vadsar Road, Santej, in Gandhinagar district, Gujarat. The company also operates an office in Ahmedabad and has been serving the packaging industry for nearly four decades since its incorporation.

Gujarat Craft Industries Limited (GCIL) has announced that two of its promoters have entered into a Shareholder Voting Authorization Agreement, a move aimed at strengthening the company's governance structure and strategic direction.

Key Details of the Agreement

• Ensure unified corporate governance
• Protect lender interests |

Implications and Purpose

The agreement between the promoters is designed to create a more cohesive decision-making process within Gujarat Craft Industries Limited. By aligning the voting interests of key promoters, the company aims to:

1. Streamline governance processes
2. Enhance strategic direction
3. Maintain consistency in corporate management
4. Safeguard the interests of the company's lenders and banks

Disclosure and Transparency

In compliance with regulatory requirements, Gujarat Craft Industries Limited has made this disclosure under Regulation 30(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are informed about significant changes in the company's governance structure.

While the company itself is not a party to the agreement, this arrangement between promoters could potentially impact the overall management and strategic decisions of GCIL. Shareholders and investors may want to monitor how this agreement influences the company's future direction and performance.

As this agreement involves key promoters of the company, it underscores the importance of understanding the dynamics of promoter relationships and their potential impact on corporate governance in publicly listed companies.