Gujarat Gas Limited (GGL) has announced a significant change in its leadership structure. Pankaj Joshi, IAS (Retd.), has tendered his resignation from his positions as Director and Chairman of the company's Board of Directors, effective November 1, 2025. This move comes as part of a broader transition following Joshi's superannuation from his role as Chief Secretary to the Government of Gujarat.

Details of the Resignation

The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. According to the official communication:

• Pankaj Joshi's resignation is a direct consequence of his superannuation
• The effective date of his resignation is November 1, 2025
• His superannuation as Chief Secretary was notified on October 28, 2025, through GAD Notification No. AIS/35.2025/51/G

Broader Impact on Gujarat's State-Owned Enterprises

Joshi's departure extends beyond Gujarat Gas Limited. As part of his transition, he has also resigned from leadership positions in several other state-owned companies and boards. The table below outlines the positions he has vacated:

Implications and Next Steps

This simultaneous resignation from multiple key positions in Gujarat's energy and infrastructure sectors signals a significant leadership transition in the state's public enterprises. The move is likely to prompt a series of new appointments across these companies in the coming weeks.

For Gujarat Gas Limited, the resignation of its Chairman may lead to a period of transition as the company seeks to appoint a new leader. Stakeholders and investors will be keenly watching for announcements regarding Joshi's successor and any potential changes in the company's strategic direction.

The company has duly informed the stock exchanges - BSE Limited and the National Stock Exchange of India Ltd - about this development, as required by regulatory norms. As the situation develops, further updates are expected regarding the appointment of new leadership across these vital state-owned enterprises.

Gujarat Gas Limited (GGL) held a crucial equity shareholders meeting on October 17, 2025, to consider and approve a Composite Scheme of Amalgamation and Arrangement. The meeting, conducted through video conferencing, marked a significant step towards a major restructuring in the energy sector of Gujarat.

Key Meeting Details

Proposed Merger

The meeting was convened following directions from the Ministry of Corporate Affairs (MCA) dated September 10, 2025. The proposed merger involves five companies:

1. Gujarat State Petroleum Corporation Limited
2. Gujarat State Petronet Limited
3. GSPC Energy Limited
4. Gujarat Gas Limited
5. GSPL Transmission Limited

Special Resolution

A special resolution was proposed for the approval of the Composite Scheme of Amalgamation and Arrangement. This scheme falls under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.

Key Points of the Resolution

• The scheme is subject to approval from the MCA and other regulatory authorities.
• It complies with SEBI regulations, including the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The Board of Directors is authorized to implement the proposed amalgamation and arrangement.
• The Board may accept modifications or conditions imposed by the MCA or other regulatory authorities.

Voting Process

• Shareholders were provided with remote e-voting facilities through CDSL.
• E-voting was available before, during, and 15 minutes after the meeting.
• The voting results, along with the Scrutinizer's Report, will be published on the company's website and forwarded to the National Stock Exchange of India Limited and BSE Limited.

Meeting Conclusion

The meeting concluded at 3:30 PM with a vote of thanks to the Chairman. The e-voting facility remained open for an additional 15 minutes post-meeting to allow shareholders to cast their votes.

This merger, if approved by all necessary authorities, could potentially reshape the energy landscape in Gujarat, consolidating multiple state-owned entities into a more streamlined structure. Shareholders and market observers will be keenly watching for the voting results and subsequent regulatory approvals to gauge the future direction of these companies.