GNFC board change has been announced following the resignation of Shri Sanjeev Kumar, IAS, from the Board of Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC).
The company informed stock exchanges that Sanjeev Kumar, IAS ceased to be a Director with effect from January 2, 2026, after the close of working hours. GNFC received the resignation letter on January 3, 2026.
Reason Behind the GNFC Board Change
The GNFC board changes comes after Sanjeev Kumar, IAS stepped down as Managing Director of Gujarat State Fertilizers & Chemicals Limited (GSFC). Following his cessation as MD, he tendered his resignation from GNFC’s Board and all board-level committees.
The company clarified that the resignation was voluntary. There were no disagreements with the Board or the management.
GNFC Acknowledges His Contribution
GNFC thanked Sanjeev Kumar, IAS for his valuable contribution during his tenure. In his resignation letter, he expressed gratitude to the Board for their cooperation, guidance, and support.
The company acknowledged his role in strengthening governance during his association with GNFC.
Impact of GNFC Board Change on Operations
GNFC stated that this board-level change will not impact its ongoing operations, projects, or strategic plans. The company continues to focus on its fertilizer and chemical businesses with a stable leadership structure.
GNFC also confirmed that it has made all necessary disclosures to BSE and NSE as per regulatory requirements.
GNFC Corporate Update
With this GNFC board changes, the company reaffirmed its commitment to transparency and timely corporate disclosures. GNFC remains focused on long-term growth and operational efficiency.
