Gujarat Industries Power Company Ltd. has announced a key leadership change with the promotion of CA Kamlesh Kumar Bhatt to Executive Director (Finance) & CFO, effective January 1, 2026. The company informed stock exchanges about this senior management change through a regulatory filing dated January 8, 2026, in compliance with SEBI listing regulations.

Leadership Transition Details

The promotion represents an internal elevation for Bhatt, who previously held the position of Chief General Manager (Finance) & CFO. The company has structured this change as a promotion rather than a new appointment, indicating recognition of his existing contributions and expertise in the financial domain.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates disclosure of material events and information. The company filed the notification with both BSE Ltd. and National Stock Exchange of India Ltd., ensuring full compliance with listing requirements.

The disclosure follows the format prescribed under SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024, which outlines specific requirements for reporting changes in senior management personnel. Company Secretary and Compliance Officer CS Shalin Patel signed the regulatory filing on behalf of the company.

Strategic Implications

This internal promotion reflects Gujarat Industries Power Company's strategy of developing leadership from within the organization. By elevating Bhatt from CGM to Executive Director level, the company demonstrates confidence in his financial stewardship and strategic capabilities. The continuity in the CFO role ensures stability in financial operations while the elevation to executive director status likely expands his strategic responsibilities within the organization.

The timing of the promotion, effective from the beginning of the calendar year, suggests strategic planning and alignment with the company's operational and financial planning cycles. This leadership strengthening comes as the power sector continues to evolve with changing regulatory frameworks and market dynamics.

Gujarat Industries Power Company Limited has announced key changes in its senior management team, filing the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on January 2, 2026.

Executive Director (Mines) Appointment

The company has appointed Shri Naresh Kumar Purohit as Executive Director (Mines) on a fixed-term contract, effective January 1, 2026. The appointment details are outlined below:

Shri Purohit brings substantial expertise to the role, with his extensive background positioning him as an established leader in mining operations. His dual qualifications in technical and management fields, combined with more than three decades of noteworthy expertise in the mining sector, align with the company's operational requirements.

Management Promotion in Renewable Energy Division

Simultaneously, the company has announced the promotion of Shri Rajendra Prasad Paliwal from Assistant General Manager (RE Projects) to General Manager (RE Projects), also effective January 1, 2026.

Regulatory Compliance and Documentation

The appointments were formally communicated to both BSE Limited and National Stock Exchange of India Limited through proper regulatory channels. Company Secretary and Compliance Officer CS Shalin Patel signed the disclosure documents, ensuring compliance with SEBI circular SEBI/HO/CFD/CFD-PoD2/CIR/P/0155 dated November 11, 2024.

Both appointments indicate no relationships between the appointees and existing directors of the company, maintaining independence in the management structure. These strategic appointments reflect the company's commitment to strengthening its operational capabilities across mining and renewable energy sectors.