The Board of Directors of Gujarat State Fertilizers & Chemicals Limited (GSFC) convened on February 9, 2026, to approve key managerial changes. They sanctioned the appointment of Dr. Rajender Kumar, IAS, as Additional Director and Managing Director, and Mr. Ashwani Kumar, IAS, as Additional Director. Both appointments are subject to subsequent approval from the shareholders via Postal Ballot.
Board Meeting Approves Key Appointments
The Board of Directors of Gujarat State Fertilizers & Chemicals Limited (GSFC) held a meeting on February 9, 2026, where they considered and approved significant changes in the directorial composition of the Company. These changes follow prior communications received on January 3, 6, 28, and 30, 2026, regarding the proposed appointments.
New Managing Director and Director
Based on the recommendations of the Nomination and Remuneration Committee, the Board formally approved the following appointments:
- Dr. Rajender Kumar, IAS (DIN: 07161855): Appointed as an Additional Director in the capacity of Managing Director and Key Managerial Personnel of the Company. This appointment is contingent upon the approval of shareholders through a Postal Ballot.
- Mr. Ashwani Kumar, IAS (DIN: 06581753): Appointed as an Additional Director of the Company. This is also subject to shareholder approval via Postal Ballot.
The necessary details pertaining to these management changes were already disclosed in prior correspondence.
Shareholder Approval via Postal Ballot
The Board also authorized the immediate commencement of a Postal Ballot process to seek formal approval from shareholders for these new roles. The resolutions to be voted upon include:
- Appointment of Dr. Rajender Kumar, IAS, as a Director of the Company (Ordinary Resolution).
- Appointment of Dr. Rajender Kumar, IAS, as the Managing Director of the Company (Ordinary Resolution).
- Appointment of Mr. Ashwani Kumar, IAS, as a Director of the Company (Ordinary Resolution).
This information is provided for official records, confirming the Board’s decisions regarding the management structure moving forward.
Source: BSE
