Gujarat state fertilizers & chemicals Limited has announced a change in its Senior Management Personnel (SMP) following the superannuation of a key executive. The company informed stock exchanges about this development in compliance with regulatory requirements under SEBI Listing Regulations.

Senior Management Personnel Change

Mr. A V Bhave, Sr. Vice President who was designated as Senior Management Personnel, superannuated from the company's services effective from close of business hours on December 31, 2025. The superannuation represents a natural conclusion to his tenure with the fertilizer and chemicals company.

Regulatory Compliance Details

The notification was made under Regulation 30 read with Schedule III, Part A, Para A (7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information as required by SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Delayed Intimation Acknowledgment

The company acknowledged that the necessary intimation to stock exchanges could not be made within the stipulated time due to inadvertence. Gujarat State Fertilizers & Chemicals Limited has taken corrective measures by strengthening necessary systems to prevent recurrence of such delays in future regulatory communications.

Corporate Communication

The formal intimation was signed by Nidhi Pillai, Company Secretary & Vice President (Legal), and communicated to both BSE Limited and National Stock Exchange of India Limited. The company trades on BSE with scrip code 500690 and on NSE with symbol GSFC. The notification ensures transparency and compliance with stock exchange listing requirements for senior management changes.

Gujarat State Fertilizers & Chemicals Limited has announced a significant change in its board composition with the appointment of Mr. Ashwani Kumar, IAS as a new Director. The appointment follows a government nomination order issued on January 27, 2026, marking a strategic leadership transition for the fertilizer and chemicals company.

Government Nomination and Board Changes

The Energy & Petrochemicals Department, Government of Gujarat issued Order No. MIS/15-2024/1345/E dated January 27, 2026, nominating Mr. Ashwani Kumar, IAS to the company's board. This appointment comes as a replacement for Mr. S J Haider, IAS (Retd.), who was previously serving on the board.

The company has confirmed that Mr. Ashwani Kumar is not debarred from holding the office of Director by virtue of any SEBI Order or any other authority, and he is not related to any existing Director of the company.

Professional Background and Qualifications

Mr. Ashwani Kumar brings extensive experience to the board, being a 1997-batch officer of the Gujarat cadre with over two and a half decades of experience in Public Administration and Governance. His educational credentials include a B.Tech in Chemical Engineering from the Indian Institute of Technology (IIT) Kanpur and a Master's in Public Services, Policy & Management from King's College, London.

Administrative Experience and Leadership Roles

Throughout his distinguished career, Mr. Ashwani Kumar has served in various important administrative roles within the Gujarat Government. His experience spans multiple sectors including urban development, urban housing, and infrastructure. Notably, he served as Secretary to the Chief Minister for over 5 years from 2016 to 2021, demonstrating his capability in high-level administrative functions.

His additional responsibilities have included serving as Principal Secretary of the Ports & Transport Department and chairing urban development corporations. Currently, as Principal Secretary of the Energy and Petrochemicals Department (EPD), he oversees policy and strategic initiatives in Gujarat's energy and petrochemicals sectors, contributing significantly to the state's industrial and economic development agenda.

Regulatory Compliance and Next Steps

The company will proceed to complete statutory procedures and compliances to formally induct Mr. Ashwani Kumar on the board. His appointment remains subject to approval from the Nomination and Remuneration Committee and the Board of Directors. The announcement was made in compliance with Regulation 30(2) read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This board change reflects the company's commitment to maintaining strong governance standards while benefiting from the extensive administrative and sector-specific expertise that Mr. Ashwani Kumar brings to the organization.