Gujarat State Fertilizers & Chemicals Announces Resignation of Executive Director
Gujarat State Fertilizers & Chemicals Limited (GSFC) has announced the resignation of Mr. S. V. Varma from the post of Executive Director (Agri Business, HR & IR). Mr. S. V. Varma, who was designated as SMP, resigned from the services of the Company, with the change being effective from close of business hours on April 28, 2026.The resignation was stated as being voluntary, with Mr. Varma choosing to pursue opportunities outside the organization.
Mr. Varma’s tenure with GSFC marks a career span exceeding 35 years. He initially joined the company in 1990 as an Engineer Trainee. His professional development included completing an Executive MBA in Finance from MS University, Vadodara, in 2002, securing two Gold Medals.
Throughout his career, Mr. Varma held diverse roles, gaining extensive cross-functional exposure. His assignments included the Project Development Cell, serving as the Finance Department head and managing Project Development, and later heading the Plant Maintenance Department.
The following table summarizes the details concerning the change in management:
| Event Detail | Information |
|---|---|
| Reason for Change | Resigned to pursue opportunities outside the organization |
| Date of Cessation | Close of business hours on 28/04/2026 |
In 2023, Mr. Varma was offered the position of Managing Director of HURL but continued his services with GSFC, serving in various capacities before his departure.
GSFC Stock Price Movement
Gujarat State Fertilizers & Chemicals Limited (GSFC) shares today slipped by 3.79% to settle at ₹163.11 in post-market trading. The stock traded on a volume of 1.24 million shares, finishing significantly below its intraday range of ₹161.25 to ₹169.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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